Summit X LLC boosted its holdings in Time Warner Inc (NYSE:TWX) by 23.5% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,020 shares of the media conglomerate’s stock after purchasing an additional 575 shares during the quarter. Summit X LLC’s holdings in Time Warner were worth $278,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Aureus Asset Management LLC boosted its position in shares of Time Warner by 0.7% during the 2nd quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after acquiring an additional 25 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Time Warner by 1.8% during the 2nd 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 during the last quarter. GWM Advisors LLC boosted its position in shares of Time Warner by 1.8% during the 2nd quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock valued at $292,000 after acquiring an additional 52 shares during the last quarter. Westside Investment Management Inc. boosted its position in shares of Time Warner by 2.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,896 shares of the media conglomerate’s stock valued at $291,000 after acquiring an additional 71 shares during the last quarter. Finally, Veritable L.P. boosted its position in shares of Time Warner by 0.4% during the 2nd quarter. Veritable L.P. now owns 29,473 shares of the media conglomerate’s stock valued at $2,959,000 after acquiring an additional 126 shares during the last quarter. Institutional investors and hedge funds own 77.69% of the company’s stock.

Shares of Time Warner Inc (NYSE TWX) opened at $93.66 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. Time Warner Inc has a 52 week low of $85.88 and a 52 week high of $103.90. The firm has a market capitalization of $73,187.74, a price-to-earnings ratio of 17.87, a price-to-earnings-growth ratio of 1.42 and a beta of 0.96.

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

The firm also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th will be paid a $0.4025 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a yield of 1.72%. Time Warner’s payout ratio is 30.73%.

In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the sale, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

TWX has been the subject of a number of research reports. Zacks Investment Research downgraded Time Warner from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Rosenblatt Securities upgraded Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Monday, November 13th. Guggenheim reiterated a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Cowen restated a “hold” rating and set a $102.00 price target on shares of Time Warner in a report on Friday, October 27th. Finally, Deutsche Bank restated a “buy” rating and set a $99.00 price target on shares of Time Warner in a report on Friday, November 10th. One analyst has rated the stock with a sell rating, nineteen have given a hold rating and nine have given a buy rating to the company’s stock. Time Warner presently has an average rating of “Hold” and an average target price of $105.13.

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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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