Fifth Third Bancorp decreased its stake in Time Warner Inc. (NYSE:TWX) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 498,211 shares of the media conglomerate’s stock after selling 6,810 shares during the period. Fifth Third Bancorp owned about 0.06% of Time Warner worth $48,680,000 as of its most recent SEC filing.
A number of other institutional investors have also bought and sold shares of TWX. First Bank & Trust boosted its position in Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock worth $332,000 after buying an additional 9 shares during the last quarter. Stillwater Investment Management LLC boosted its position in Time Warner by 0.4% in the first quarter. Stillwater Investment Management LLC now owns 2,379 shares of the media conglomerate’s stock worth $232,000 after buying an additional 10 shares during the last quarter. Integrated Wealth Management boosted its position in Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock worth $209,000 after buying an additional 17 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock worth $122,000 after buying an additional 33 shares during the last quarter. Finally, Connecticut Wealth Management LLC boosted its position in Time Warner by 0.8% in the first quarter. Connecticut Wealth Management LLC now owns 4,199 shares of the media conglomerate’s stock worth $413,000 after buying an additional 33 shares during the last quarter. Institutional investors and hedge funds own 79.78% of the company’s stock.
Time Warner Inc. (NYSE:TWX) traded up 0.17% during mid-day trading on Friday, hitting $102.52. The company had a trading volume of 2,688,354 shares. The company has a 50 day moving average of $100.19 and a 200 day moving average of $98.55. Time Warner Inc. has a 1-year low of $74.27 and a 1-year high of $103.34. The firm has a market capitalization of $79.66 billion, a PE ratio of 19.01 and a beta of 1.05.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. The company had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. Time Warner’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Analysts predict that Time Warner Inc. will post $6.08 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is 29.98%.
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A number of equities analysts have recently issued reports on the company. Barclays PLC cut Time Warner from an “overweight” rating to an “equal weight” rating in a report on Friday. Cowen and Company reiterated a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a report on Thursday. Jefferies Group LLC cut Time Warner from a “buy” rating to a “hold” rating in a report on Thursday. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. Time Warner presently has a consensus rating of “Hold” and a consensus target price of $101.82.
In other Time Warner news, CFO Howard M. Averill acquired 255 shares of Time Warner stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price 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 purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 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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