NN Investment Partners Holdings N.V. Has $57.96 Million Position in Time Warner Inc. (TWX)
NN Investment Partners Holdings N.V. decreased its position in shares of Time Warner Inc. (NYSE:TWX) by 17.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 577,215 shares of the media conglomerate’s stock after selling 117,820 shares during the period. NN Investment Partners Holdings N.V.’s holdings in Time Warner were worth $57,959,000 at the end of the most recent quarter.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. Mn Services Vermogensbeheer B.V. raised its stake in Time Warner by 2.1% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 20,565 shares of the media conglomerate’s stock worth $1,879,000 after buying an additional 430 shares in the last quarter. Havens Advisors LLC raised its stake in shares of Time Warner by 514.0% in the first quarter. Havens Advisors LLC now owns 98,237 shares of the media conglomerate’s stock worth $9,599,000 after buying an additional 82,237 shares in the last quarter. CAPROCK Group Inc. raised its stake in shares of Time Warner by 7.0% in the first quarter. CAPROCK Group Inc. now owns 10,078 shares of the media conglomerate’s stock worth $985,000 after buying an additional 662 shares in the last quarter. James Investment Research Inc. raised its stake in shares of Time Warner by 4,800.0% in the first quarter. James Investment Research Inc. now owns 53,900 shares of the media conglomerate’s stock worth $5,267,000 after buying an additional 52,800 shares in the last quarter. Finally, Wagner Bowman Management Corp bought a new stake in shares of Time Warner during the first quarter worth approximately $240,000. Institutional investors and hedge funds own 78.76% of the company’s stock.
Time Warner Inc. (NYSE TWX) traded up 0.25% during trading on Wednesday, hitting $101.95. 979,991 shares of the stock traded hands. Time Warner Inc. has a 52-week low of $74.27 and a 52-week high of $103.34. The stock has a market cap of $79.30 billion, a P/E ratio of 18.91 and a beta of 1.05. The stock has a 50 day moving average price of $100.99 and a 200-day moving average price of $98.98.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the firm posted $1.29 EPS. The business’s revenue was up 5.4% on a year-over-year basis. On average, analysts anticipate that Time Warner Inc. will post $6.09 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.58%. Time Warner’s dividend payout ratio (DPR) is 29.98%.
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A number of brokerages have recently commented on TWX. Jefferies Group LLC lowered shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research note on Thursday, August 3rd. Cowen and Company reiterated a “hold” rating and issued a $107.50 price target on shares of Time Warner in a research note on Thursday, August 3rd. BidaskClub upgraded shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research note on Tuesday. Finally, Zacks Investment Research lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. One analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $102.25.
In other Time Warner news, CFO Howard M. Averill bought 255 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were purchased at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the transaction, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 0.16% of the company’s stock.
Time Warner Company Profile
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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