Time Warner Inc. (TWX) Shares Sold by Voya Investment Management LLC
Voya Investment Management LLC decreased its position in Time Warner Inc. (NYSE:TWX) by 1.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 391,958 shares of the media conglomerate’s stock after selling 6,297 shares during the period. Voya Investment Management LLC owned approximately 0.05% of Time Warner worth $39,357,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in the company. Stillwater Investment Management LLC grew its holdings in shares of Time Warner by 0.4% in the 2nd quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after buying an additional 9 shares during the period. Park National Corp OH grew its holdings in shares of Time Warner by 0.6% in the 2nd quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares during the period. Jacobi Capital Management LLC grew its holdings in shares of Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares during the period. North Star Investment Management Corp. grew its holdings in shares of Time Warner by 1.1% in the 2nd quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock valued at $278,000 after buying an additional 30 shares during the period. Finally, Conservest Capital Advisors Inc. grew its holdings in shares of Time Warner by 0.4% in the 2nd quarter. Conservest Capital Advisors Inc. now owns 7,857 shares of the media conglomerate’s stock valued at $789,000 after buying an additional 31 shares during the period. 79.19% of the stock is owned by institutional investors.
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Shares of Time Warner Inc. (TWX) opened at 103.64 on Friday. The company has a market capitalization of $80.61 billion, a PE ratio of 19.23 and a beta of 1.02. The firm’s 50-day moving average is $101.88 and its 200 day moving average is $100.12. Time Warner Inc. has a 12 month low of $78.32 and a 12 month high of $103.90.
Time Warner (NYSE:TWX) last issued its quarterly earnings data 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. The firm had revenue of $7.33 billion during the quarter, compared to analysts’ expectations 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 last year, the company earned $1.29 earnings per share. Equities research analysts predict that Time Warner Inc. will post $6.10 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders 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 dividend yield of 1.55%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s dividend payout ratio is currently 29.98%.
Several brokerages have recently issued reports on TWX. Needham & Company LLC reissued a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. Credit Suisse Group AG lowered shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target for the company. in a report on Monday, September 18th. BMO Capital Markets reissued a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Wednesday, September 13th. Sanford C. Bernstein reissued a “market perform” rating on shares of Time Warner in a report on Tuesday, September 12th. Finally, Jefferies Group LLC reissued a “hold” rating and issued a $105.00 price target on shares of Time Warner in a report on Sunday, September 10th. 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. The company has a consensus rating of “Hold” and an average target price of $102.91.
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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