State of Alaska Department of Revenue raised its holdings in Time Warner Inc (NYSE:TWX) by 45.4% during the fourth quarter, Holdings Channel reports. The institutional investor owned 207,881 shares of the media conglomerate’s stock after acquiring an additional 64,927 shares during the period. State of Alaska Department of Revenue’s holdings in Time Warner were worth $19,013,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. BKD Wealth Advisors LLC grew its holdings in Time Warner by 10.6% in the 4th quarter. BKD Wealth Advisors LLC now owns 21,379 shares of the media conglomerate’s stock valued at $1,956,000 after buying an additional 2,056 shares during the last quarter. Oakbrook Investments LLC grew its holdings in Time Warner by 10.9% in the 4th quarter. Oakbrook Investments LLC now owns 28,175 shares of the media conglomerate’s stock valued at $2,577,000 after buying an additional 2,775 shares during the last quarter. Schwab Charles Investment Management Inc. grew its holdings in Time Warner by 4.0% in the 4th quarter. Schwab Charles Investment Management Inc. now owns 2,886,170 shares of the media conglomerate’s stock valued at $263,998,000 after buying an additional 111,634 shares during the last quarter. Gulf International Bank UK Ltd lifted its position in shares of Time Warner by 0.9% in the 4th quarter. Gulf International Bank UK Ltd now owns 244,977 shares of the media conglomerate’s stock worth $22,408,000 after acquiring an additional 2,100 shares during the period. Finally, Koshinski Asset Management Inc. lifted its position in shares of Time Warner by 54.7% in the 4th quarter. Koshinski Asset Management Inc. now owns 5,876 shares of the media conglomerate’s stock worth $537,000 after acquiring an additional 2,077 shares during the period. 77.82% of the stock is currently owned by hedge funds and other institutional investors.

Time Warner Inc (NYSE TWX) opened at $92.97 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $71,762.91, a P/E ratio of 17.74, a P/E/G ratio of 1.39 and a beta of 0.96. Time Warner Inc has a 52-week low of $85.88 and a 52-week high of $103.90.

Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The business had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. Time Warner’s revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.83 EPS. analysts forecast that Time Warner Inc will post 6.2 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a dividend of $0.4025 per share. The ex-dividend date of this dividend is Tuesday, January 9th. This represents a $1.61 annualized dividend and a dividend yield of 1.73%. Time Warner’s dividend payout ratio (DPR) is presently 30.73%.

In related news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the transaction, the chief executive officer now owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is owned by company insiders.

A number of analysts have commented on TWX shares. Zacks Investment Research downgraded Time Warner from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Rosenblatt Securities upgraded Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Monday, November 13th. Guggenheim reiterated a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Cowen reiterated a “hold” rating and issued a $102.00 price objective on shares of Time Warner in a research report on Friday, October 27th. Finally, Deutsche Bank reiterated a “buy” rating and issued a $99.00 price objective on shares of Time Warner in a research report on Friday, November 10th. One equities research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $105.13.

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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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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