Steward Partners Investment Advisory LLC lifted its position in Time Warner Inc (NYSE:TWX) by 63.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 23,180 shares of the media conglomerate’s stock after acquiring an additional 9,035 shares during the period. Steward Partners Investment Advisory LLC’s holdings in Time Warner were worth $2,120,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC increased its position in shares of Time Warner by 98.0% in the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after acquiring an additional 400 shares during the period. Bank of Nova Scotia Trust Co. acquired a new position in shares of Time Warner in the 3rd quarter valued at $102,000. Americafirst Capital Management LLC acquired a new position in shares of Time Warner in the 3rd quarter valued at $106,000. Zions Bancorporation increased its position in shares of Time Warner by 698.6% in the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after acquiring an additional 999 shares during the period. Finally, Harfst & Associates Inc. increased its position in shares of Time Warner by 31.6% in the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after acquiring an additional 288 shares during the period. 77.69% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts recently issued reports on the company. Zacks Investment Research downgraded Time Warner from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Pivotal Research reaffirmed a “buy” rating and set a $108.00 price target (up from $103.00) on shares of Time Warner in a research report on Tuesday, January 9th. Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $98.00 price target (up from $84.00) on shares of Time Warner in a research report on Thursday, January 4th. Finally, B. Riley reaffirmed a “hold” rating and set a $101.00 price target on shares of Time Warner in a research report on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $105.13.

In other news, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the sale, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction dated 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. Corporate insiders own 0.16% of the company’s stock.

Shares of Time Warner Inc (NYSE:TWX) opened at $94.00 on Tuesday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. Time Warner Inc has a 12 month low of $85.88 and a 12 month high of $103.90. The stock has a market cap of $72,689.45, a PE ratio of 17.94, a PEG ratio of 1.41 and a beta of 0.96.

Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the 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 business had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same period in the prior year, the company posted $1.83 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. research analysts predict that Time Warner Inc will post 6.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.71%. The ex-dividend date of this dividend is Tuesday, January 9th. Time Warner’s payout ratio is currently 30.73%.

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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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