Bessemer Group Inc. lifted its stake in shares of Time Warner Inc. (NYSE:TWX) by 58.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 28,181 shares of the media conglomerate’s stock after acquiring an additional 10,446 shares during the period. Bessemer Group Inc.’s holdings in Time Warner were worth $2,886,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in TWX. Hartland & Co. LLC purchased a new position in shares of Time Warner during the 1st quarter worth about $247,000. Rothschild Asset Management Inc. lifted its holdings in shares of Time Warner by 25.9% during the 1st quarter. Rothschild Asset Management Inc. now owns 255,547 shares of the media conglomerate’s stock worth $24,970,000 after acquiring an additional 52,497 shares during the period. Banco BTG Pactual S.A. purchased a new position in shares of Time Warner during the 1st quarter worth about $5,951,000. Mission Wealth Management LLC lifted its holdings in shares of Time Warner by 63.3% during the 1st quarter. Mission Wealth Management LLC now owns 12,096 shares of the media conglomerate’s stock worth $1,182,000 after acquiring an additional 4,691 shares during the period. Finally, Oribel Capital Management LP lifted its holdings in shares of Time Warner by 55.0% during the 1st quarter. Oribel Capital Management LP now owns 47,900 shares of the media conglomerate’s stock worth $4,681,000 after acquiring an additional 17,000 shares during the period. Institutional investors and hedge funds own 78.46% of the company’s stock.
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Time Warner Inc. (TWX) traded down $2.06 during trading on Monday, reaching $88.54. 2,996,597 shares of the company’s stock were exchanged, compared to its average volume of 4,485,041. The firm has a market capitalization of $70,540.52, a P/E ratio of 14.95, a PEG ratio of 1.43 and a beta of 0.98. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner Inc. has a 1 year low of $85.77 and a 1 year high of $103.90.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 earnings per share. research analysts predict that Time Warner Inc. will post 6.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.82%. The ex-dividend date of this dividend was Friday, October 6th. Time Warner’s dividend payout ratio is presently 30.73%.
Several research firms recently commented on TWX. Rosenblatt Securities upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Monday. Deutsche Bank AG restated a “buy” rating and issued a $99.00 price target on shares of Time Warner in a report on Friday. Loop Capital cut their price target on shares of Time Warner from $107.50 to $102.00 and set a “hold” rating on the stock in a report on Thursday. B. Riley restated a “neutral” rating and issued a $101.00 price target (down previously from $105.00) on shares of Time Warner in a report on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of Time Warner from a “sell” rating to a “hold” rating and set a $110.00 price target on the stock in a report on Monday, October 30th. 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 has an average rating of “Hold” and a consensus price target of $103.93.
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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