Valley National Advisers Inc. maintained its stake in Time Warner Inc. (NYSE:TWX) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,715 shares of the media conglomerate’s stock at the end of the first quarter. Valley National Advisers Inc.’s holdings in Time Warner were worth $168,000 at the end of the most recent reporting period.
A number of other hedge funds also recently added to or reduced their stakes in the company. Bellwether Investment Group LLC boosted its stake 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 valued at $106,000 after buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Time Warner during the first quarter valued at approximately $138,000. Finally, Asset Dedication LLC boosted its stake in shares of Time Warner by 14.6% in the first quarter. Asset Dedication LLC now owns 1,729 shares of the media conglomerate’s stock valued at $169,000 after buying an additional 220 shares during the last quarter. Institutional investors own 78.76% of the company’s stock.
Time Warner Inc. (TWX) traded down 0.30% during trading on Thursday, hitting $101.61. The stock had a trading volume of 3,044,559 shares. The company has a 50 day moving average of $101.12 and a 200-day moving average of $99.02. The company has a market cap of $79.03 billion, a P/E ratio of 18.85 and a beta of 1.05. Time Warner Inc. has a 12-month low of $74.27 and a 12-month high of $103.34.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.29 earnings per share. On average, equities analysts predict that Time Warner Inc. will post $6.10 EPS for the current year.
The business also recently declared 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 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is currently 29.98%.
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Several equities analysts recently issued reports on TWX shares. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 target price on shares of Time Warner in a report on Monday, May 22nd. BidaskClub lowered shares of Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Thursday, July 13th. Barclays PLC lowered shares of Time Warner from an “overweight” rating to an “equal weight” rating and upped their target price for the stock from $95.00 to $107.00 in a report on Friday, August 4th. Finally, Pivotal Research cut shares of Time Warner from a “buy” rating to a “hold” rating and boosted their price target for the company from $100.00 to $107.50 in a research report on Thursday, April 20th. One analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $102.25.
In related news, CFO Howard M. Averill purchased 255 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the purchase, the chief financial officer now owns 63,399 shares in the company, valued at approximately $6,318,978.33. The transaction 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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