Dalton Greiner Hartman Maher & Co. Has $11,105,000 Position in Time Warner Inc. (TWX)
Dalton Greiner Hartman Maher & Co. decreased its position in shares of Time Warner Inc. (NYSE:TWX) by 53.9% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 139,494 shares of the media conglomerate’s stock after selling 163,024 shares during the period. Dalton Greiner Hartman Maher & Co.’s holdings in Time Warner were worth $11,105,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently modified their holdings of the company. First Republic Investment Management Inc. boosted its position in shares of Time Warner by 82.1% in the first quarter. First Republic Investment Management Inc. now owns 58,029 shares of the media conglomerate’s stock worth $4,211,000 after buying an additional 26,171 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its position in shares of Time Warner by 46.4% in the second quarter. Summit Financial Wealth Advisors LLC now owns 4,133 shares of the media conglomerate’s stock worth $304,000 after buying an additional 1,309 shares during the last quarter. Stock Yards Bank & Trust Co. bought a new position in shares of Time Warner during the second quarter worth about $208,000. NEXT Financial Group Inc boosted its position in shares of Time Warner by 59.9% in the second quarter. NEXT Financial Group Inc now owns 2,125 shares of the media conglomerate’s stock worth $156,000 after buying an additional 796 shares during the last quarter. Finally, British Columbia Investment Management Corp boosted its position in shares of Time Warner by 3.4% in the second quarter. British Columbia Investment Management Corp now owns 511,142 shares of the media conglomerate’s stock worth $37,589,000 after buying an additional 16,679 shares during the last quarter. 80.32% of the stock is owned by institutional investors.
Time Warner Inc. (NYSE:TWX) traded up 0.11% during trading on Monday, reaching $92.90. The company’s stock had a trading volume of 3,298,313 shares. The company has a market cap of $71.64 billion, a PE ratio of 16.52 and a beta of 1.08. Time Warner Inc. has a 52-week low of $55.53 and a 52-week high of $94.44. The stock has a 50-day moving average price of $86.11 and a 200 day moving average price of $78.90.
Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, November 2nd. The media conglomerate reported $1.83 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.37 by $0.46. The firm had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.92 billion. Time Warner had a return on equity of 18.95% and a net margin of 15.75%. The business’s revenue was up 9.2% on a year-over-year basis. During the same period in the previous year, the company posted $1.25 earnings per share. On average, analysts expect that Time Warner Inc. will post $5.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.4025 per share. The ex-dividend date is Monday, November 28th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.73%. Time Warner’s payout ratio is 28.60%.
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A number of research analysts have issued reports on TWX shares. Albert Fried & Company reissued a “buy” rating and set a $90.00 price objective on shares of Time Warner in a report on Wednesday, August 3rd. Royal Bank Of Canada lifted their price target on Time Warner from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 4th. Goldman Sachs Group Inc. reaffirmed a “buy” rating and issued a $89.00 price target (up from $87.00) on shares of Time Warner in a report on Thursday, August 4th. Wedbush reaffirmed an “outperform” rating and issued a $90.00 price target (up from $88.00) on shares of Time Warner in a report on Thursday, August 4th. Finally, Wunderlich cut their price target on Time Warner from $106.00 to $95.00 and set a “buy” rating for the company in a report on Thursday, August 4th. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-two have given a buy rating and one has issued a strong buy rating to the company’s stock. Time Warner presently has an average rating of “Buy” and a consensus target price of $95.04.
In related news, EVP Paul T. Cappuccio sold 56,595 shares of the business’s stock in a transaction 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 sale, the executive vice president now directly owns 157,877 shares in the company, valued at approximately $12,352,296.48. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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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