Time Warner Inc (TWX) Stake Lowered by Wealthfront Inc.

Wealthfront Inc. decreased its holdings in shares of Time Warner Inc (NYSE:TWX) by 14.8% in the 4th quarter, HoldingsChannel reports. The firm owned 25,294 shares of the media conglomerate’s stock after selling 4,407 shares during the period. Wealthfront Inc.’s holdings in Time Warner were worth $2,314,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Bank of Nova Scotia Trust Co. bought a new stake in Time Warner in the 3rd quarter worth approximately $102,000. Americafirst Capital Management LLC bought a new stake in Time Warner in the third quarter valued at approximately $106,000. Zions Bancorporation lifted its position in Time Warner by 698.6% in the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares during the last quarter. Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Time Warner during the fourth quarter valued at approximately $131,000. Finally, Advisory Services Network LLC raised its holdings in shares of Time Warner by 1.8% during the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after acquiring an additional 26 shares in the last quarter. 78.66% of the stock is owned by institutional investors.

Shares of Time Warner Inc (NYSE:TWX) opened at $95.37 on Tuesday. Time Warner Inc has a 12 month low of $85.88 and a 12 month high of $103.90. The company has a market capitalization of $74,388.60, a price-to-earnings ratio of 14.41, a PEG ratio of 1.28 and a beta of 0.94. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.

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

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

In related news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William P. Barr sold 4,019 shares of the stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $97.20, for a total value of $390,646.80. Following the sale, the director now owns 44,959 shares of the company’s stock, valued at approximately $4,370,014.80. The disclosure for this sale can be found here. In the last three months, insiders sold 360,966 shares of company stock worth $32,745,250. 0.16% of the stock is owned by corporate insiders.

A number of equities analysts recently commented on the company. Cowen restated a “hold” rating and set a $102.00 target price on shares of Time Warner in a report on Friday, October 27th. ValuEngine downgraded Time Warner from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Zacks Investment Research upgraded Time Warner from a “sell” rating to a “hold” rating and set a $110.00 target price for the company in a report on Monday, October 30th. Royal Bank of Canada restated a “hold” rating and set a $102.00 target price on shares of Time Warner in a report on Friday, October 27th. Finally, Pivotal Research restated a “buy” rating and set a $108.00 target price on shares of Time Warner in a report on Thursday, February 1st. Sixteen analysts have rated the stock with a hold rating and ten have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $104.36.

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

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