Time Warner Inc. (NYSE:TWX) Shares Bought by Aureus Asset Management LLC
Aureus Asset Management LLC boosted its stake in shares of Time Warner Inc. (NYSE:TWX) by 2.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 3,557 shares of the media conglomerate’s stock after buying an additional 91 shares during the period. Aureus Asset Management LLC’s holdings in Time Warner were worth $352,000 at the end of the most recent reporting period.
A number of other institutional investors also recently added to or reduced their stakes in TWX. Vanguard Group Inc. raised its stake in shares of Time Warner by 3.7% in the first quarter. Vanguard Group Inc. now owns 48,726,247 shares of the media conglomerate’s stock worth $4,761,042,000 after buying an additional 1,740,936 shares during the last quarter. Empyrean Capital Partners LP purchased a new stake in Time Warner during the fourth quarter worth approximately $123,616,000. Bank of Montreal Can raised its position in shares of Time Warner by 75.9% in the first quarter. Bank of Montreal Can now owns 2,611,753 shares of the media conglomerate’s stock valued at $255,195,000 after buying an additional 1,126,854 shares during the period. Swiss National Bank raised its position in shares of Time Warner by 26.1% in the first quarter. Swiss National Bank now owns 2,732,408 shares of the media conglomerate’s stock valued at $266,984,000 after buying an additional 565,900 shares during the period. Finally, Independent Franchise Partners LLP raised its position in shares of Time Warner by 9.4% in the first quarter. Independent Franchise Partners LLP now owns 6,485,191 shares of the media conglomerate’s stock valued at $633,668,000 after buying an additional 558,751 shares during the period. 78.76% of the stock is owned by institutional investors and hedge funds.
Time Warner Inc. (TWX) traded down 0.41% during trading on Friday, hitting $101.19. The stock had a trading volume of 3,416,438 shares. Time Warner Inc. has a one year low of $74.27 and a one year high of $103.34. The firm has a market cap of $78.71 billion, a price-to-earnings ratio of 18.77 and a beta of 1.05. The stock’s 50-day moving average is $101.16 and its 200 day moving average is $99.06.
Time Warner (NYSE:TWX) last released its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the firm posted $1.29 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts anticipate that Time Warner Inc. will post $6.10 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.
A number of analysts have recently weighed in on TWX shares. MKM Partners reaffirmed a “neutral” rating and issued a $107.50 target price (up from $90.00) on shares of Time Warner in a research report on Monday, May 1st. Rosenblatt Securities reaffirmed a “neutral” rating and set a $105.00 price target on shares of Time Warner in a report on Wednesday, May 3rd. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 price target on shares of Time Warner in a report on Friday, May 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 price target on shares of Time Warner in a report on Monday, May 22nd. Finally, Royal Bank Of Canada set a $108.00 price objective on shares of Time Warner and gave the stock a “hold” rating in a research note on Monday, June 12th. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Time Warner has an average rating of “Hold” and a consensus price target of $102.25.
In other news, CFO Howard M. Averill purchased 255 shares of the stock in a transaction on Thursday, June 15th. The stock was purchased at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the transaction, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.
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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