Vaughan David Investments Inc. IL Has $22.18 Million Stake in Time Warner Inc. (TWX)

Vaughan David Investments Inc. IL grew its position in Time Warner Inc. (NYSE:TWX) by 62.3% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 448,798 shares of the media conglomerate’s stock after buying an additional 172,269 shares during the quarter. Vaughan David Investments Inc. IL owned 0.06% of Time Warner worth $22,184,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of the company. SG Americas Securities LLC raised its position in shares of Time Warner by 685.4% in the 3rd quarter. SG Americas Securities LLC now owns 256,271 shares of the media conglomerate’s stock valued at $26,255,000 after buying an additional 223,641 shares in the last quarter. Fragasso Group Inc. raised its position in shares of Time Warner by 4.5% in the 3rd quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock valued at $1,363,000 after buying an additional 573 shares in the last quarter. British Airways Pensions Investment Management Ltd raised its position in shares of Time Warner by 5.6% in the 3rd quarter. British Airways Pensions Investment Management Ltd now owns 125,809 shares of the media conglomerate’s stock valued at $12,886,000 after buying an additional 6,700 shares in the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its position in shares of Time Warner by 3.3% in the 3rd quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 185,660 shares of the media conglomerate’s stock valued at $19,021,000 after buying an additional 5,887 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Time Warner by 0.4% in the 3rd quarter. DekaBank Deutsche Girozentrale now owns 956,151 shares of the media conglomerate’s stock valued at $97,754,000 after buying an additional 3,885 shares in the last quarter. Institutional investors own 78.46% of the company’s stock.

Several equities analysts have recently commented on the stock. Loop Capital restated a “hold” rating and issued a $103.00 target price on shares of Time Warner in a research report on Friday. raised shares of Time Warner from a “hold” rating to a “buy” rating and lifted their price target for the company from $102.00 to $103.00 in a report on Wednesday. Pivotal Research raised shares of Time Warner from a “hold” rating to a “buy” rating and lifted their price target for the company from $102.00 to $103.00 in a report on Monday. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Monday. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $99.00 price target on shares of Time Warner in a report on Friday, November 10th. Twenty-two research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $103.73.

Shares of Time Warner Inc. (TWX) traded up $0.64 during midday trading on Friday, hitting $88.01. 13,555,700 shares of the stock were exchanged, compared to its average volume of 4,638,046. The firm has a market cap of $69,370.00, a P/E ratio of 14.42, a P/E/G ratio of 1.38 and a beta of 0.98. Time Warner Inc. has a 1 year low of $85.88 and a 1 year high of $103.90. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.

Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the previous year, the company earned $1.83 EPS. Time Warner’s quarterly revenue was up 6.0% compared to the same quarter last year. sell-side analysts expect that Time Warner Inc. will post 6.2 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.83%. Time Warner’s payout ratio is presently 30.61%.

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Time Warner 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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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