Time Warner Inc. (TWX) Position Lifted by K2 Principal Fund L.P.
K2 Principal Fund L.P. increased its position in shares of Time Warner Inc. (NYSE:TWX) by 6.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 380,000 shares of the media conglomerate’s stock after acquiring an additional 22,626 shares during the quarter. Time Warner comprises 2.5% of K2 Principal Fund L.P.’s holdings, making the stock its 2nd biggest position. K2 Principal Fund L.P.’s holdings in Time Warner were worth $38,156,000 at the end of the most recent reporting period.
A number of other large investors have also recently bought and sold shares of the stock. BlackRock Inc. grew its stake in shares of Time Warner by 2,169.2% during the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after acquiring an additional 40,940,053 shares during the last quarter. Canyon Capital Advisors LLC increased its holdings in shares of Time Warner by 397.0% during the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock valued at $556,541,000 after acquiring an additional 4,549,848 shares in the last quarter. OZ Management LP increased its holdings in shares of Time Warner by 98.2% during the first quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock valued at $610,049,000 after acquiring an additional 3,093,353 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Time Warner by 4,979.0% during the first quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock valued at $261,700,000 after acquiring an additional 2,625,600 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Time Warner by 624.8% during the second quarter. Canada Pension Plan Investment Board now owns 2,044,346 shares of the media conglomerate’s stock valued at $205,273,000 after acquiring an additional 1,762,300 shares in the last quarter. 79.19% of the stock is owned by institutional investors.
A number of research analysts have issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC lowered shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Thursday, August 3rd. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research report on Tuesday, August 15th. Finally, Zacks Investment Research downgraded Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Time Warner presently has a consensus rating of “Hold” and a consensus price target of $102.91.
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Time Warner Inc. (NYSE TWX) opened at 102.45 on Monday. The stock has a market cap of $79.69 billion, a P/E ratio of 19.01 and a beta of 1.02. The stock has a 50 day moving average price of $101.65 and a 200 day moving average price of $99.76. Time Warner Inc. has a 52-week low of $78.32 and a 52-week high of $103.34.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The business’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.29 EPS. On average, equities research analysts forecast that Time Warner Inc. will post $6.10 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date is Friday, October 6th. Time Warner’s dividend payout ratio is currently 29.98%.
Time Warner 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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