371,016 Shares in Time Warner Inc. (TWX) Acquired by Columbus Hill Capital Management L.P.
Columbus Hill Capital Management L.P. bought a new stake in Time Warner Inc. (NYSE:TWX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 371,016 shares of the media conglomerate’s stock, valued at approximately $37,254,000. Time Warner comprises approximately 3.7% of Columbus Hill Capital Management L.P.’s investment portfolio, making the stock its 7th largest holding.
A number of other institutional investors have also recently bought and sold shares of the business. BlackRock Inc. lifted its position in shares of Time Warner by 2,169.2% in the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock valued at $4,184,660,000 after acquiring an additional 40,940,053 shares in the last quarter. Canyon Capital Advisors LLC increased its position in Time Warner by 397.0% during the 1st quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock worth $556,541,000 after purchasing an additional 4,549,848 shares in the last quarter. OZ Management LP raised its stake in Time Warner by 98.2% in the 1st quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock valued at $610,049,000 after purchasing an additional 3,093,353 shares during the last quarter. Renaissance Technologies LLC raised its stake in Time Warner by 4,979.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock valued at $261,700,000 after purchasing an additional 2,625,600 shares during the last quarter. Finally, Canada Pension Plan Investment Board raised its stake in Time Warner by 624.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,044,346 shares of the media conglomerate’s stock valued at $205,273,000 after purchasing an additional 1,762,300 shares during the last quarter. 79.19% of the stock is currently owned by institutional investors.
TWX has been the topic of a number of recent research reports. BidaskClub lowered shares of Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 price target on shares of Time Warner in a report on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research report on Wednesday, September 13th. Cowen and Company reissued a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a research report on Thursday, August 3rd. Finally, Evercore ISI lowered shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price on the stock. in a research report on Monday, August 7th. One 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. Time Warner presently has a consensus rating of “Hold” and a consensus price target of $102.91.
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Time Warner Inc. (TWX) opened at 103.28 on Wednesday. The firm’s 50-day moving average price is $101.78 and its 200-day moving average price is $100.07. Time Warner Inc. has a 12-month low of $78.32 and a 12-month high of $103.45. The company has a market cap of $80.33 billion, a P/E ratio of 19.16 and a beta of 1.02.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The firm 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% on a year-over-year basis. During the same period in the prior year, the firm earned $1.29 EPS. Analysts expect 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. Stockholders of record on Tuesday, October 10th will be given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s dividend payout ratio is currently 29.98%.
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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