J.P. Marvel Investment Advisors LLC Holds Position in Time Warner Inc. (TWX)
J.P. Marvel Investment Advisors LLC continued to hold its stake in shares of Time Warner Inc. (NYSE:TWX) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,080 shares of the media conglomerate’s stock at the end of the 2nd quarter. J.P. Marvel Investment Advisors LLC’s holdings in Time Warner were worth $309,000 as of its most recent SEC filing.
A number of other large investors have also recently modified their holdings of the stock. Vanguard Group Inc. raised its holdings in Time Warner by 2.3% in the second quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after acquiring an additional 1,116,818 shares in the last quarter. BlackRock Inc. raised its holdings in Time Warner by 4.0% in the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after acquiring an additional 1,696,681 shares in the last quarter. State Street Corp raised its holdings in Time Warner by 2.1% in the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock valued at $3,199,990,000 after acquiring an additional 688,860 shares in the last quarter. Franklin Resources Inc. raised its holdings in Time Warner by 0.4% in the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after acquiring an additional 51,596 shares in the last quarter. Finally, FMR LLC raised its holdings in Time Warner by 0.6% in the first quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock valued at $1,165,905,000 after acquiring an additional 68,625 shares in the last quarter. 79.16% of the stock is currently owned by hedge funds and other institutional investors.
Several analysts recently weighed in on TWX shares. BidaskClub cut shares of Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Friday, July 14th. BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Wednesday, September 13th. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a report on Tuesday. Finally, Cowen and Company reaffirmed a “hold” rating and issued a $107.50 target price on shares of Time Warner in a report on Thursday, August 3rd. Two investment analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and six have issued a buy rating to the company. Time Warner presently has a consensus rating of “Hold” and an average target price of $102.91.
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Time Warner Inc. (NYSE:TWX) traded down 0.26% during midday trading on Wednesday, reaching $101.20. The company’s stock had a trading volume of 1,512,622 shares. The company’s 50-day moving average price is $102.08 and its 200-day moving average price is $100.39. The company has a market capitalization of $78.71 billion, a price-to-earnings ratio of 18.78 and a beta of 1.02. Time Warner Inc. has a 1-year low of $78.80 and a 1-year high of $103.90.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the prior year, the business posted $1.29 earnings per share. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. On average, analysts predict that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.4025 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.59%. Time Warner’s payout ratio is 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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