Toronto Dominion Bank increased its position in shares of Time Warner Inc. (NYSE:TWX) by 26.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,667,502 shares of the media conglomerate’s stock after purchasing an additional 351,307 shares during the quarter. Time Warner accounts for approximately 0.5% of Toronto Dominion Bank’s investment portfolio, making the stock its 17th largest position. Toronto Dominion Bank owned 0.21% of Time Warner worth $170,814,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. BlackRock Inc. raised its stake in Time Warner by 2,169.2% during the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after acquiring an additional 40,940,053 shares in the last quarter. Canyon Capital Advisors LLC raised its stake in Time Warner by 397.0% during the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock worth $556,541,000 after acquiring an additional 4,549,848 shares in the last quarter. OZ Management LP raised its stake in Time Warner by 98.2% during the first quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock worth $610,049,000 after acquiring an additional 3,093,353 shares in the last quarter. Renaissance Technologies LLC raised its stake in Time Warner by 4,979.0% during the first quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock worth $261,700,000 after acquiring an additional 2,625,600 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in Time Warner by 2,022.3% during the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after acquiring an additional 2,069,495 shares in the last quarter. 78.46% of the stock is owned by institutional investors and hedge funds.
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TWX has been the subject of several research analyst reports. BidaskClub downgraded Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reissued a “hold” rating and set a $102.00 target price on shares of Time Warner in a research note on Friday, October 27th. BMO Capital Markets reissued a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Wednesday, September 13th. KeyCorp reissued a “hold” rating on shares of Time Warner in a research note on Tuesday, October 17th. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a research note on Thursday, August 3rd. Twenty-three investment analysts have rated the stock with a hold rating and six have assigned 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. (TWX) traded down $1.87 during trading on Monday, hitting $88.73. The company’s stock had a trading volume of 8,767,631 shares, compared to its average volume of 4,485,041. The company has a market cap of $68,910.00, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98. Time Warner Inc. has a 52-week low of $85.77 and a 52-week high of $103.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business earned $1.83 EPS. sell-side analysts expect that Time Warner Inc. will post 6.2 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.81%. The ex-dividend date was Friday, October 6th. Time Warner’s payout ratio is 30.61%.
Time Warner 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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