J.P. Marvel Investment Advisors LLC Has $301,000 Stake in Time Warner Inc. (TWX)

J.P. Marvel Investment Advisors LLC held its position in shares of Time Warner Inc. (NYSE:TWX) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,080 shares of the media conglomerate’s stock at the end of the first quarter. J.P. Marvel Investment Advisors LLC’s holdings in Time Warner were worth $301,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of TWX. Macquarie Group Ltd. boosted its position in shares of Time Warner by 38.5% in the fourth quarter. Macquarie Group Ltd. now owns 194,948 shares of the media conglomerate’s stock worth $18,818,000 after buying an additional 54,179 shares in the last quarter. Park National Corp OH boosted its position in shares of Time Warner by 18.4% in the first quarter. Park National Corp OH now owns 2,453 shares of the media conglomerate’s stock worth $240,000 after buying an additional 381 shares in the last quarter. CHURCHILL MANAGEMENT Corp bought a new position in shares of Time Warner during the first quarter worth approximately $244,000. Creative Planning boosted its position in shares of Time Warner by 9.3% in the first quarter. Creative Planning now owns 45,802 shares of the media conglomerate’s stock worth $4,475,000 after buying an additional 3,915 shares in the last quarter. Finally, Berson & Corrado Investment Advisors LLC boosted its position in shares of Time Warner by 22.8% in the first quarter. Berson & Corrado Investment Advisors LLC now owns 4,315 shares of the media conglomerate’s stock worth $422,000 after buying an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 80.02% of the company’s stock.

Time Warner Inc. (NYSE TWX) traded down 0.12% during trading on Monday, hitting $102.40. The stock had a trading volume of 601,751 shares. The stock has a 50-day moving average price of $100.19 and a 200-day moving average price of $98.55. Time Warner Inc. has a 52 week low of $74.27 and a 52 week high of $103.34. The company has a market cap of $79.56 billion, a PE ratio of 18.98 and a beta of 1.05.

Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Time Warner Inc. will post $6.09 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.57%. The ex-dividend date was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.

TWX has been the topic of a number of recent research reports. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Pivotal Research cut Time Warner from a “buy” rating to a “hold” rating and boosted their price objective for the stock from $100.00 to $107.50 in a research note on Thursday, April 20th. BMO Capital Markets restated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research note on Friday, May 19th. Rosenblatt Securities restated a “neutral” rating and set a $105.00 price objective on shares of Time Warner in a research note on Wednesday, May 3rd. Finally, Jefferies Group LLC restated a “hold” rating and set a $105.00 price objective (up previously from $102.42) on shares of Time Warner in a research note on Sunday, July 30th. One analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $102.25.

In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the transaction, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate 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.

Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc. (NYSE:TWX).