Time Warner Inc (TWX) Position Trimmed by MUFG Americas Holdings Corp

MUFG Americas Holdings Corp reduced its position in Time Warner Inc (NYSE:TWX) by 16.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 26,744 shares of the media conglomerate’s stock after selling 5,227 shares during the quarter. MUFG Americas Holdings Corp’s holdings in Time Warner were worth $2,446,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. Advisory Services Network LLC raised its position in Time Warner by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after purchasing an additional 26 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in Time Warner by 1.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock worth $2,882,000 after purchasing an additional 544 shares during the period. Fragasso Group Inc. raised its position in Time Warner by 4.5% in the 3rd quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock worth $1,363,000 after purchasing an additional 573 shares during the period. Summit X LLC raised its position in Time Warner by 23.5% in the 4th quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock worth $278,000 after purchasing an additional 575 shares during the period. Finally, Fisher Asset Management LLC raised its position in Time Warner by 6.2% in the 3rd quarter. Fisher Asset Management LLC now owns 10,792 shares of the media conglomerate’s stock worth $1,106,000 after purchasing an additional 626 shares during the period. 76.85% of the stock is currently owned by institutional investors.

A number of research firms recently weighed in on TWX. Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Wells Fargo & Co reaffirmed a “market perform” rating and set a $84.00 target price (down from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Barclays raised their target price on shares of Time Warner from $100.00 to $101.00 and gave the stock an “overweight” rating in a research report on Friday, February 2nd. Royal Bank of Canada reaffirmed a “hold” rating and set a $102.00 target price on shares of Time Warner in a research report on Friday, October 27th. Finally, B. Riley reaffirmed a “neutral” rating and set a $101.00 target price (down from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $104.36.

In other Time Warner news, Director William P. Barr sold 4,019 shares of the firm’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $97.20, for a total value of $390,646.80. Following the completion of the sale, the director now directly owns 44,959 shares in the company, valued at $4,370,014.80. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 360,966 shares of company stock worth $32,745,250. Insiders own 0.16% of the company’s stock.

Time Warner Inc (NYSE TWX) opened at $95.37 on Friday. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90. The stock has a market cap of $74,092.20, a P/E ratio of 14.82, a PEG ratio of 1.28 and a beta of 0.94.

Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The firm had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same period last year, the firm earned $1.25 earnings per share. The company’s quarterly revenue was up 9.1% on a year-over-year basis. analysts predict that Time Warner Inc will post 7.56 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a dividend of $0.4025 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.69%. Time Warner’s dividend payout ratio is presently 24.32%.

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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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