Time Warner Inc. (NYSE:TWX) announced a quarterly dividend on Thursday, October 27th. Stockholders of record on Wednesday, November 30th will be paid a dividend of 0.4025 per share by the media conglomerate on Thursday, December 15th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date is Monday, November 28th.

Shares of Time Warner (NYSE:TWX) opened at 92.33 on Wednesday. The stock has a 50 day moving average price of $85.18 and a 200-day moving average price of $78.66. Time Warner has a 12 month low of $55.53 and a 12 month high of $94.44. The company has a market capitalization of $71.20 billion, a price-to-earnings ratio of 16.42 and a beta of 1.08.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, November 2nd. The media conglomerate reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.46. Time Warner had a return on equity of 18.95% and a net margin of 15.75%. The business had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.92 billion. During the same period in the prior year, the business posted $1.25 earnings per share. The company’s quarterly revenue was up 9.2% compared to the same quarter last year. Analysts expect that Time Warner will post $5.78 earnings per share for the current fiscal year.

Dividend History for Time Warner (NYSE:TWX)

In related news, EVP Paul T. Cappuccio sold 56,595 shares of Time Warner stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the transaction, the executive vice president now owns 157,877 shares in the company, valued at $12,352,296.48. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, insider Karen Magee sold 14,240 shares of Time Warner stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $79.97, for a total value of $1,138,772.80. Following the transaction, the insider now owns 7,461 shares in the company, valued at approximately $596,656.17. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the company. Argent Trust Co bought a new position in shares of Time Warner during the second quarter worth approximately $574,000. US Bancorp DE increased its position in shares of Time Warner by 3.2% in the second quarter. US Bancorp DE now owns 107,882 shares of the media conglomerate’s stock worth $7,934,000 after buying an additional 3,337 shares during the last quarter. Bank of Nova Scotia increased its position in shares of Time Warner by 5.5% in the second quarter. Bank of Nova Scotia now owns 15,792 shares of the media conglomerate’s stock worth $1,161,000 after buying an additional 830 shares during the last quarter. Advantus Capital Management Inc increased its position in shares of Time Warner by 0.3% in the second quarter. Advantus Capital Management Inc now owns 76,422 shares of the media conglomerate’s stock worth $5,620,000 after buying an additional 201 shares during the last quarter. Finally, Reliance Trust Co. of Delaware increased its position in shares of Time Warner by 1.9% in the second quarter. Reliance Trust Co. of Delaware now owns 77,703 shares of the media conglomerate’s stock worth $5,714,000 after buying an additional 1,458 shares during the last quarter. Hedge funds and other institutional investors own 80.99% of the company’s stock.

A number of brokerages have issued reports on TWX. Albert Fried & Company restated an “overweight” rating and set a $90.00 price objective on shares of Time Warner in a research report on Saturday, October 15th. Loop Capital restated a “buy” rating and set a $96.00 price objective on shares of Time Warner in a research report on Wednesday, August 17th. BMO Capital Markets upped their price objective on Time Warner from $75.00 to $108.00 and gave the company a “market perform” rating in a research report on Monday, October 24th. Needham & Company LLC restated a “hold” rating on shares of Time Warner in a research report on Thursday, October 13th. Finally, Bank of America Corp. set a $94.00 price objective on Time Warner and gave the company a “hold” rating in a research report on Friday, October 21st. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus target price of $95.04.

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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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