Time Warner Inc. (TWX) Shares Bought by Public Employees Retirement Association of Colorado
Public Employees Retirement Association of Colorado boosted its stake in Time Warner Inc. (NYSE:TWX) by 16.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 965,534 shares of the media conglomerate’s stock after buying an additional 135,212 shares during the period. Public Employees Retirement Association of Colorado owned approximately 0.12% of Time Warner worth $71,005,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in the company. Cannell Peter B & Co Inc boosted its position in shares of Time Warner by 2,810.1% in the first quarter. Cannell Peter B & Co Inc now owns 743,525 shares of the media conglomerate’s stock valued at $53,943,000 after buying an additional 717,975 shares during the period. Adage Capital Partners GP L.L.C. boosted its position in shares of 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 period. Bank of Montreal Can purchased a new position in shares of Time Warner during the second quarter valued at about $41,813,000. BB&T Securities LLC boosted its position in shares of Time Warner by 514.5% in the first quarter. BB&T Securities LLC now owns 478,589 shares of the media conglomerate’s stock valued at $34,721,000 after buying an additional 400,711 shares during the period. Finally, AMF Pensionsforsakring AB boosted its position in shares of Time Warner by 32.8% in the first quarter. AMF Pensionsforsakring AB now owns 1,291,207 shares of the media conglomerate’s stock valued at $93,677,000 after buying an additional 318,570 shares during the period. 80.68% of the stock is currently owned by institutional investors.
Shares of Time Warner Inc. (NYSE:TWX) traded down 0.85% on Friday, hitting $78.98. The stock had a trading volume of 2,913,747 shares. The stock has a market cap of $61.43 billion, a PE ratio of 15.71 and a beta of 1.21. Time Warner Inc. has a one year low of $55.53 and a one year high of $81.33. The company’s 50 day moving average is $78.29 and its 200 day moving average is $75.90.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The business earned $7 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The business’s revenue was down 5.4% compared to the same quarter last year. Equities research analysts predict that Time Warner Inc. will post $5.42 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.4025 per share. The ex-dividend date was Monday, August 29th. This represents a $1.61 annualized dividend and a yield of 2.04%. Time Warner’s dividend payout ratio is currently 32.01%.
TWX has been the topic of several research analyst reports. Jefferies Group reissued a “buy” rating on shares of Time Warner in a research note on Thursday, August 25th. Loop Capital reaffirmed a “buy” rating and set a $96.00 target price on shares of Time Warner in a research report on Wednesday, August 17th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $90.00 target price on shares of Time Warner in a research report on Friday, August 12th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Time Warner in a research report on Wednesday, July 6th. Finally, Deutsche Bank AG increased their target price on Time Warner from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have assigned a buy rating and one has given a strong buy rating to the stock. Time Warner presently has a consensus rating of “Buy” and a consensus price target of $86.17.
In related news, EVP Paul T. Cappuccio sold 56,595 shares of the stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the completion of the transaction, the executive vice president now directly owns 157,877 shares of the company’s stock, valued at $12,352,296.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Karen Magee sold 14,240 shares of the stock in a transaction dated 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 disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.
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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