Farmers & Merchants Trust Co of Chambersburg PA held its position in Time Warner Inc. (NYSE:TWX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,393 shares of the media conglomerate’s stock at the end of the second quarter. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Time Warner were worth $140,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of TWX. Assetmark Inc. raised its stake in Time Warner by 10.0% in the first quarter. Assetmark Inc. now owns 2,628 shares of the media conglomerate’s stock worth $257,000 after buying an additional 239 shares during the last quarter. Stevens First Principles Investment Advisors raised its stake in Time Warner by 52.9% in the first quarter. Stevens First Principles Investment Advisors now owns 2,127 shares of the media conglomerate’s stock worth $208,000 after buying an additional 736 shares during the last quarter. Lazard Asset Management LLC raised its stake in Time Warner by 18.3% in the first quarter. Lazard Asset Management LLC now owns 292,795 shares of the media conglomerate’s stock worth $28,608,000 after buying an additional 45,243 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in Time Warner by 8.0% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 379,820 shares of the media conglomerate’s stock worth $37,113,000 after buying an additional 28,153 shares during the last quarter. Finally, Stratos Wealth Partners LTD. raised its stake in Time Warner by 2.4% in the first quarter. Stratos Wealth Partners LTD. now owns 4,746 shares of the media conglomerate’s stock worth $464,000 after buying an additional 110 shares during the last quarter. 78.76% of the stock is owned by institutional investors.
Shares of Time Warner Inc. (NYSE TWX) traded down 0.41% during mid-day trading on Friday, hitting $101.19. The company had a trading volume of 3,416,438 shares. The firm has a market capitalization of $78.71 billion, a price-to-earnings ratio of 18.77 and a beta of 1.05. The firm has a 50-day moving average price of $101.16 and a 200 day moving average price of $99.06. Time Warner Inc. has a 52-week low of $74.27 and a 52-week high of $103.34.
Time Warner (NYSE:TWX) last posted its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating 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 the consensus estimate of $7.29 billion. During the same quarter last year, the firm earned $1.29 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. Analysts expect that Time Warner Inc. will post $6.10 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were issued a $0.4025 dividend. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.61 annualized dividend and a yield of 1.59%. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.
A number of equities analysts have recently issued reports on the company. Jefferies Group LLC restated a “hold” rating and issued a $105.00 price target (up from $102.42) on shares of Time Warner in a research note on Sunday, July 30th. Cowen and Company restated a “hold” rating and issued a $107.50 price target on shares of Time Warner in a research note on Thursday, August 3rd. Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target on the stock. in a research note on Monday, August 7th. Zacks Investment Research downgraded Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $102.25.
In related news, CFO Howard M. Averill bought 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, for a total transaction of $25,415.85. Following the acquisition, the chief financial officer now owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.16% of the stock is currently owned by company insiders.
Time Warner Company 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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