Dimensional Fund Advisors LP Has $884.71 Million Position in Time Warner Inc. (TWX)
Dimensional Fund Advisors LP lifted its holdings in Time Warner Inc. (NYSE:TWX) by 0.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 8,811,187 shares of the media conglomerate’s stock after purchasing an additional 5,469 shares during the period. Time Warner accounts for about 0.4% of Dimensional Fund Advisors LP’s investment portfolio, making the stock its 18th biggest holding. Dimensional Fund Advisors LP owned approximately 1.13% of Time Warner worth $884,709,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in TWX. BlackRock Inc. lifted its stake in shares of Time Warner by 2,169.2% in the 1st quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock valued at $4,184,660,000 after purchasing an additional 40,940,053 shares during the last quarter. Canyon Capital Advisors LLC lifted its stake in shares of Time Warner by 397.0% in the 1st quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock valued at $556,541,000 after purchasing an additional 4,549,848 shares during the last quarter. OZ Management LP lifted its stake in shares of 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 lifted its stake in shares of 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 lifted its stake in shares of 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 owned by institutional investors and hedge funds.
Several equities research analysts recently issued reports on the stock. Needham & Company LLC reaffirmed a “hold” rating on shares of Time Warner in a research note on Tuesday, September 26th. Credit Suisse Group lowered shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price objective for the company. in a research note on Monday, September 18th. BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Wednesday, September 13th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Time Warner in a research note on Tuesday, September 12th. Finally, Jefferies Group LLC reaffirmed a “hold” rating and issued a $105.00 price objective on shares of Time Warner in a research note on Sunday, September 10th. One investment analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $102.91.
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Shares of Time Warner Inc. (NYSE:TWX) opened at 103.50 on Thursday. Time Warner Inc. has a 52 week low of $78.32 and a 52 week high of $103.72. The firm’s 50-day moving average is $101.83 and its 200 day moving average is $100.10. The company has a market capitalization of $80.50 billion, a PE ratio of 19.20 and a beta of 1.02.
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 consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the firm earned $1.29 EPS. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.56%. 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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