Time Warner Inc. (TWX) Shares Bought by Private Wealth Partners LLC
Private Wealth Partners LLC raised its position in shares of Time Warner Inc. (NYSE:TWX) by 3.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 179,300 shares of the media conglomerate’s stock after buying an additional 5,760 shares during the period. Time Warner makes up 3.2% of Private Wealth Partners LLC’s investment portfolio, making the stock its 7th largest position. Private Wealth Partners LLC’s holdings in Time Warner were worth $13,186,000 at the end of the most recent reporting period.
Other large investors have also modified their holdings of the company. Goldentree Asset Management LP boosted its stake in shares of Time Warner by 74.3% in the first quarter. Goldentree Asset Management LP now owns 501,807 shares of the media conglomerate’s stock worth $36,406,000 after buying an additional 213,850 shares during the period. Shell Asset Management Co. boosted its stake in Time Warner by 11.6% in the second quarter. Shell Asset Management Co. now owns 149,788 shares of the media conglomerate’s stock valued at $11,015,000 after buying an additional 15,539 shares during the last quarter. Adage Capital Partners GP L.L.C. boosted its stake in Time Warner by 50.2% in the first quarter. Adage Capital Partners GP L.L.C. now owns 1,807,086 shares of the media conglomerate’s stock valued at $131,104,000 after buying an additional 603,700 shares during the last quarter. AMP Capital Investors Ltd boosted its stake in Time Warner by 5.0% in the first quarter. AMP Capital Investors Ltd now owns 516,087 shares of the media conglomerate’s stock valued at $37,240,000 after buying an additional 24,539 shares during the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its stake in Time Warner by 52.2% in the second quarter. Candriam Luxembourg S.C.A. now owns 248,848 shares of the media conglomerate’s stock valued at $18,301,000 after buying an additional 85,363 shares during the last quarter. Institutional investors and hedge funds own 80.68% of the company’s stock.
Shares of Time Warner Inc. (NYSE:TWX) traded down 0.36% during midday trading on Monday, hitting $79.32. 2,907,202 shares of the company’s stock traded hands. Time Warner Inc. has a 52 week low of $55.53 and a 52 week high of $81.33. The stock has a market cap of $61.70 billion, a P/E ratio of 15.78 and a beta of 1.21. The company has a 50 day moving average of $78.45 and a 200 day moving average of $75.68.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.13. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period in the prior year, the company posted $1.25 EPS. The business’s revenue was down 5.4% compared to the same quarter last year. On average, equities analysts forecast that Time Warner Inc. will post $5.42 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were given a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 2.03%. The ex-dividend date was Monday, August 29th. Time Warner’s dividend payout ratio is presently 32.01%.
TWX has been the subject of several recent analyst reports. Brean Capital restated a “buy” rating and set a $90.00 price objective on shares of Time Warner in a research report on Friday, August 5th. Jefferies Group restated a “buy” rating on shares of Time Warner in a research report on Monday, September 12th. Albert Fried & Company restated an “outperform” rating and set a $90.00 price objective on shares of Time Warner in a research report on Thursday. Vetr upgraded shares of Time Warner from a “buy” rating to a “strong-buy” rating and set a $83.96 price objective for the company in a research report on Monday, September 19th. Finally, Wedbush raised their price objective on shares of Time Warner from $82.00 to $88.00 and gave the stock an “outperform” rating in a research report on Friday, July 29th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. Time Warner has a consensus rating of “Buy” and an average price target of $86.17.
In other news, insider Karen Magee sold 14,240 shares of the firm’s stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the transaction, the insider now directly owns 7,461 shares of the company’s stock, valued at $596,656.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Paul T. Cappuccio sold 56,595 shares of the firm’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total value of $4,427,992.80. Following the transaction, the executive vice president now directly owns 157,877 shares in the company, valued at $12,352,296.48. The disclosure for this sale can be found here. 0.16% of the stock is owned by company 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 domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.
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