Ontario Teachers Pension Plan Board reduced its holdings in Time Warner Inc (NYSE:TWX) by 0.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 356,133 shares of the media conglomerate’s stock after selling 1,446 shares during the quarter. Ontario Teachers Pension Plan Board’s holdings in Time Warner were worth $32,575,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in TWX. Bank of Nova Scotia Trust Co. bought a new stake in shares of Time Warner in the 3rd quarter valued at $102,000. Americafirst Capital Management LLC bought a new stake in shares of Time Warner in the 3rd quarter valued at $106,000. Zions Bancorporation boosted its stake in shares of Time Warner by 698.6% in the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares during the last quarter. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Time Warner in the 4th quarter valued at $131,000. Finally, Advisory Services Network LLC boosted its stake in shares of Time Warner by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after purchasing an additional 26 shares during the last quarter. Hedge funds and other institutional investors own 78.66% of the company’s stock.
Time Warner Inc (TWX) opened at $95.37 on Monday. The stock has a market cap of $74,388.60, a price-to-earnings ratio of 14.88, a P/E/G ratio of 1.28 and a beta of 0.94. Time Warner Inc has a 12 month low of $85.88 and a 12 month high of $103.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.
The business also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.69%. The ex-dividend date was Tuesday, January 9th. Time Warner’s dividend payout ratio is presently 24.32%.
In related news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the transaction, the chief executive officer now directly owns 855,925 shares in the company, valued at $77,589,601.25. The disclosure for this sale can be found here. Over the last three months, insiders have sold 360,966 shares of company stock worth $32,745,250. 0.16% of the stock is owned by insiders.
A number of equities research analysts have recently commented on the stock. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 price objective on the stock in a research note on Tuesday, February 6th. Barclays upped their price objective on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. ValuEngine lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Pivotal Research reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Thursday, February 1st. Finally, Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Sixteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $104.36.
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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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