Acadian Asset Management LLC Holds Position in Time Warner Inc. (NYSE:TWX)
Acadian Asset Management LLC held its stake in Time Warner Inc. (NYSE:TWX) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,338 shares of the media conglomerate’s stock at the end of the second quarter. Acadian Asset Management LLC’s holdings in Time Warner were worth $838,000 as of its most recent filing with the SEC.
A number of other large investors also recently added to or reduced their stakes in the stock. First Bank & Trust increased its stake in Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock worth $332,000 after buying an additional 9 shares during the last quarter. Stillwater Investment Management LLC increased its stake in Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after buying an additional 9 shares during the last quarter. Park National Corp OH increased its stake in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after buying an additional 14 shares during the last quarter. Integrated Wealth Management increased its stake in Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock worth $209,000 after buying an additional 17 shares during the last quarter. Finally, North Star Investment Management Corp. increased its stake in Time Warner by 1.1% in the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock worth $278,000 after buying an additional 30 shares during the last quarter. 80.02% of the stock is currently owned by institutional investors.
Shares of Time Warner Inc. (NYSE:TWX) traded down 0.04% during mid-day trading on Friday, hitting $101.90. 2,326,218 shares of the company’s stock traded hands. The firm has a 50-day moving average of $100.86 and a 200 day moving average of $98.86. Time Warner Inc. has a 52 week low of $74.27 and a 52 week high of $103.34. The company has a market cap of $79.26 billion, a PE ratio of 18.91 and a beta of 1.05.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 earnings per share. Equities research analysts predict that Time Warner Inc. will post $6.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.58%. The ex-dividend date was Thursday, July 6th. Time Warner’s payout ratio is currently 29.98%.
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A number of research firms have weighed in on TWX. BidaskClub downgraded Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Barclays PLC downgraded Time Warner from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $95.00 to $107.00 in a report on Friday, August 4th. MKM Partners reaffirmed a “neutral” rating and set a $107.50 price objective (up from $90.00) on shares of Time Warner in a report on Monday, May 1st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $108.00 price objective on shares of Time Warner in a report on Friday, July 14th. Finally, Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $102.25.
In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the company’s stock in a transaction dated Thursday, June 15th. The stock was purchased at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the purchase, the chief financial officer now owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 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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