Candriam Luxembourg S.C.A. lowered its stake in Time Warner Inc. (NYSE:TWX) by 40.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 84,445 shares of the media conglomerate’s stock after selling 56,792 shares during the period. Candriam Luxembourg S.C.A.’s holdings in Time Warner were worth $8,479,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Bellwether Investment Group LLC raised 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 in the last quarter. Patriot Financial Group Insurance Agency LLC raised 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 in the last quarter. Advisory Services Network LLC bought a new stake in shares of Time Warner during the first quarter valued at approximately $138,000. Archford Capital Strategies LLC raised its stake in shares of Time Warner by 43.5% in the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock valued at $155,000 after buying an additional 481 shares in the last quarter. Finally, City Holding Co. raised its stake in shares of Time Warner by 7.7% in the second quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock valued at $172,000 after buying an additional 123 shares in the last quarter. 78.76% of the stock is currently owned by institutional investors.
Shares of Time Warner Inc. (NYSE TWX) opened at 101.32 on Friday. The company has a 50-day moving average price of $101.23 and a 200-day moving average price of $99.21. Time Warner Inc. has a 12-month low of $74.27 and a 12-month high of $103.34. The company has a market cap of $78.81 billion, a P/E ratio of 18.80 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, beating the 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 business had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the business posted $1.29 earnings per share. The company’s revenue was up 5.4% on a year-over-year basis. On average, analysts predict that Time Warner Inc. will post $6.10 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a dividend of $0.4025 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.61 annualized dividend and a yield of 1.59%. Time Warner’s payout ratio is 29.98%.
COPYRIGHT VIOLATION NOTICE: “Candriam Luxembourg S.C.A. Sells 56,792 Shares of Time Warner Inc. (TWX)” was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are viewing this news story on another website, it was illegally stolen and reposted in violation of US & international trademark & copyright law. The correct version of this news story can be accessed at https://stocknewstimes.com/2017/08/25/candriam-luxembourg-s-c-a-sells-56792-shares-of-time-warner-inc-twx.html.
Several analysts recently commented on the company. Royal Bank Of Canada set a $108.00 price target on Time Warner and gave the company a “hold” rating in a research note on Monday, June 12th. MKM Partners reaffirmed a “neutral” rating and issued a $107.50 price target (up previously from $90.00) on shares of Time Warner in a research note on Monday, May 1st. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, August 3rd. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $105.00 price target on shares of Time Warner in a research note on Wednesday, May 3rd. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. One investment 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 given a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $102.25.
In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the business’s stock in a transaction 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 transaction, the chief financial officer now directly owns 63,399 shares in the company, valued at approximately $6,318,978.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.
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.
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).
Receive News & Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
