Retirement Systems of Alabama raised its holdings in shares of Time Warner Inc. (NYSE:TWX) by 0.2% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 665,353 shares of the media conglomerate’s stock after purchasing an additional 1,331 shares during the period. Retirement Systems of Alabama owned approximately 0.09% of Time Warner worth $68,165,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of the business. Alps Advisors Inc. purchased a new stake in Time Warner during the 3rd quarter valued at $435,000. Bessemer Group Inc. boosted its stake in Time Warner by 58.9% during the 3rd quarter. Bessemer Group Inc. now owns 28,181 shares of the media conglomerate’s stock valued at $2,886,000 after purchasing an additional 10,446 shares during the last quarter. Advantus Capital Management Inc boosted its stake in Time Warner by 1.0% during the 3rd quarter. Advantus Capital Management Inc now owns 78,995 shares of the media conglomerate’s stock valued at $8,093,000 after purchasing an additional 766 shares during the last quarter. Swiss National Bank boosted its stake in Time Warner by 1.9% during the 3rd quarter. Swiss National Bank now owns 3,052,408 shares of the media conglomerate’s stock valued at $312,719,000 after purchasing an additional 56,000 shares during the last quarter. Finally, Segantii Capital Management Ltd boosted its stake in Time Warner by 14.9% during the 3rd quarter. Segantii Capital Management Ltd now owns 387,855 shares of the media conglomerate’s stock valued at $39,736,000 after purchasing an additional 50,380 shares during the last quarter. Institutional investors and hedge funds own 78.46% of the company’s stock.
Several analysts have commented on the company. Jefferies Group LLC reiterated a “hold” rating and set a $105.00 target price on shares of Time Warner in a research note on Wednesday, October 11th. Cowen and Company reiterated a “hold” rating and set a $107.50 target price on shares of Time Warner in a research note on Thursday, October 12th. Needham & Company LLC reiterated a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Zacks Investment Research downgraded Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target on the stock. in a research note on Monday, August 7th. Twenty-three investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Time Warner presently has a consensus rating of “Hold” and an average target price of $103.93.
Time Warner Inc. (NYSE TWX) traded up $3.55 during trading hours on Monday, reaching $90.60. The company’s stock had a trading volume of 26,863,600 shares, compared to its average volume of 4,485,041. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $70,540.52, a PE ratio of 14.95, a PEG ratio of 1.43 and a beta of 0.98. Time Warner Inc. has a twelve month low of $85.77 and a twelve month high of $103.90.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same period last year, the firm earned $1.83 earnings per share. The business’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts forecast that Time Warner Inc. will post 6.2 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a $0.4025 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.78%. Time Warner’s dividend payout ratio (DPR) is 30.73%.
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Time Warner Company Profile
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.
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