Dimensional Fund Advisors LP boosted its position in shares of Time Warner Inc. (NYSE:TWX) by 0.0% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 8,805,718 shares of the media conglomerate’s stock after buying an additional 464 shares during the period. Time Warner makes up approximately 0.4% of Dimensional Fund Advisors LP’s portfolio, making the stock its 17th largest position. Dimensional Fund Advisors LP owned approximately 1.14% of Time Warner worth $860,415,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Parallel Advisors LLC boosted its position in shares of Time Warner by 53.2% in the first quarter. Parallel Advisors LLC now owns 4,128 shares of the media conglomerate’s stock worth $409,000 after buying an additional 1,433 shares in the last quarter. Geode Capital Management LLC boosted its position in shares of Time Warner by 8.3% in the first quarter. Geode Capital Management LLC now owns 7,281,041 shares of the media conglomerate’s stock worth $710,380,000 after buying an additional 556,674 shares in the last quarter. Azimuth Capital Management LLC boosted its position in shares of Time Warner by 0.8% in the first quarter. Azimuth Capital Management LLC now owns 5,760 shares of the media conglomerate’s stock worth $563,000 after buying an additional 43 shares in the last quarter. Bellwether Investment Group LLC boosted its position in shares of Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares in the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Time Warner by 3.7% in the first quarter. Vanguard Group Inc. now owns 48,726,247 shares of the media conglomerate’s stock worth $4,761,042,000 after buying an additional 1,740,936 shares in the last quarter. 79.87% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Time Warner Inc. (NYSE:TWX) opened at 100.11 on Tuesday. The company’s 50-day moving average price is $99.75 and its 200 day moving average price is $98.19. Time Warner Inc. has a one year low of $74.27 and a one year high of $102.45. The stock has a market capitalization of $77.64 billion, a PE ratio of 19.10 and a beta of 1.05.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.22. Time Warner had a return on equity of 19.45% and a net margin of 13.90%. The company had revenue of $7.74 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same period in the previous year, the firm posted $1.49 earnings per share. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. Analysts anticipate that Time Warner Inc. will post $6.04 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th will be paid a dividend of $0.4025 per share. The ex-dividend date is Thursday, July 6th. This represents a $1.61 annualized dividend and a yield of 1.61%. Time Warner’s payout ratio is currently 30.78%.
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A number of research analysts have recently commented on the company. BidaskClub cut Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Friday, July 14th. Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Thursday, July 13th. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and set a $105.00 price objective on shares of Time Warner in a research note on Monday, May 22nd. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $100.95.
In related news, CFO Howard M. Averill acquired 255 shares of Time Warner stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of $99.67 per share, with a total value of $25,415.85. Following the completion of the purchase, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 0.16% of the company’s stock.
About Time Warner
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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