Engineers Gate Manager LP acquired a new stake in Time Warner Inc (NYSE:TWX) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 7,283 shares of the media conglomerate’s stock, valued at approximately $666,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Bank of Nova Scotia Trust Co. purchased a new stake in Time Warner in the 3rd quarter valued at approximately $102,000. Americafirst Capital Management LLC purchased a new stake in Time Warner in the 3rd quarter valued at approximately $106,000. Zions Bancorporation boosted its holdings in 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 purchasing an additional 999 shares in the last quarter. Advisory Services Network LLC boosted its holdings 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 valued at $144,000 after purchasing an additional 26 shares in the last quarter. Finally, Phocas Financial Corp. purchased a new stake in Time Warner in the 2nd quarter valued at approximately $172,000. 76.85% of the stock is currently owned by institutional investors.

Time Warner Inc (NYSE TWX) opened at $93.61 on Tuesday. 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 12-month low of $85.88 and a 12-month high of $103.90. The stock has a market capitalization of $72,880.00, a P/E ratio of 17.24, a P/E/G ratio of 1.24 and a beta of 0.94.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ 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 firm had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the previous year, the firm posted $1.25 EPS. The company’s quarterly revenue was up 9.1% compared to the same quarter last year. analysts predict that Time Warner Inc will post 7.56 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.61 annualized dividend and a dividend yield of 1.72%. Time Warner’s dividend payout ratio is currently 29.65%.

TWX has been the topic of a number of analyst reports. FBR & Co lowered Time Warner from a “buy” rating to a “neutral” rating and lifted their price objective for the company from $105.00 to $107.50 in a report on Monday, October 16th. KeyCorp reissued a “hold” rating on shares of Time Warner in a research note on Tuesday, October 17th. Zacks Investment Research lowered Time Warner from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Royal Bank of Canada reissued a “hold” rating and set a $108.00 price target on shares of Time Warner in a research note on Wednesday, October 18th. Finally, ValuEngine lowered Time Warner from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Sixteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $104.36.

In related news, insider Olaf Olafsson sold 23,450 shares of Time Warner stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of Time Warner stock in a transaction that occurred 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 transaction, the chief executive officer now owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The disclosure for this sale can be found here. Insiders have sold a total of 356,947 shares of company stock valued at $32,369,031 over the last 90 days. Insiders own 0.16% of the company’s stock.

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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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