British Airways Pensions Investment Management Ltd maintained its position in shares of Time Warner Inc. (NYSE:TWX) during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 119,109 shares of the media conglomerate’s stock at the end of the second quarter. British Airways Pensions Investment Management Ltd’s holdings in Time Warner were worth $11,953,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. Beach Investment Management LLC. purchased a new position in Time Warner during the second quarter worth about $3,859,000. Palladium Partners LLC raised its position in Time Warner by 15.2% in the second quarter. Palladium Partners LLC now owns 2,783 shares of the media conglomerate’s stock worth $279,000 after buying an additional 368 shares during the last quarter. Retirement Systems of Alabama raised its position in Time Warner by 0.3% in the second quarter. Retirement Systems of Alabama now owns 664,022 shares of the media conglomerate’s stock worth $66,674,000 after buying an additional 1,722 shares during the last quarter. Stratos Wealth Partners LTD. raised its position in Time Warner by 9.7% in the second quarter. Stratos Wealth Partners LTD. now owns 5,205 shares of the media conglomerate’s stock worth $523,000 after buying an additional 459 shares during the last quarter. Finally, Sei Investments Co. raised its position in Time Warner by 5.4% in the second quarter. Sei Investments Co. now owns 520,100 shares of the media conglomerate’s stock worth $52,222,000 after buying an additional 26,857 shares during the last quarter. 78.76% of the stock is currently owned by institutional investors.
Shares of Time Warner Inc. (TWX) opened at 101.42 on Friday. The firm has a market capitalization of $78.88 billion, a price-to-earnings ratio of 18.82 and a beta of 1.05. The stock’s 50 day moving average price is $101.22 and its 200 day moving average price is $99.25. Time Warner Inc. has a one year low of $74.27 and a one year high of $103.34.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the company posted $1.29 EPS. Analysts expect that Time Warner Inc. will post $6.10 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.4025 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.61 annualized dividend and a yield of 1.59%. Time Warner’s payout ratio is 29.98%.
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TWX has been the topic of a number of research analyst reports. MKM Partners reaffirmed a “neutral” rating and set a $107.50 target price (up from $90.00) on shares of Time Warner in a report on Monday, May 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $105.00 target price on shares of Time Warner in a report on Wednesday, May 3rd. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 target price on shares of Time Warner in a report on Friday, May 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 target price on shares of Time Warner in a report on Monday, May 22nd. Finally, Royal Bank Of Canada set a $108.00 target price on Time Warner and gave the stock a “hold” rating in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.25.
In other news, CFO Howard M. Averill acquired 255 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the purchase, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.16% of the stock is currently owned by corporate insiders.
About Time Warner
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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