NuWave Investment Management LLC acquired a new position in Time Warner Inc (NYSE:TWX) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 2,889 shares of the media conglomerate’s stock, valued at approximately $264,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the company. Advisory Services Network LLC increased its stake in shares of Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after purchasing an additional 26 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Time Warner by 1.8% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock worth $2,882,000 after purchasing an additional 544 shares in the last quarter. Fragasso Group Inc. increased its stake in shares of Time Warner by 4.5% in the third quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock worth $1,363,000 after purchasing an additional 573 shares in the last quarter. Summit X LLC increased its stake in shares of Time Warner by 23.5% in the fourth quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock worth $278,000 after purchasing an additional 575 shares in the last quarter. Finally, Fisher Asset Management LLC increased its stake in shares of Time Warner by 6.2% in the third quarter. Fisher Asset Management LLC now owns 10,792 shares of the media conglomerate’s stock worth $1,106,000 after purchasing an additional 626 shares in the last quarter. 76.85% of the stock is owned by hedge funds and other institutional investors.

Several research firms recently weighed in on TWX. Pivotal Research reaffirmed a “buy” rating and set a $108.00 target price on shares of Time Warner in a research note on Thursday, February 1st. ValuEngine cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Barclays raised their target price on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a research note on Tuesday, February 6th. Finally, Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Sixteen investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Time Warner currently has an average rating of “Hold” and an average target price of $104.36.

Time Warner Inc (NYSE TWX) opened at $94.31 on Wednesday. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market cap of $73,430.00, a price-to-earnings ratio of 17.37, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94.

Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.44 by $0.16. The business had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter last year, the business earned $1.25 EPS. Time Warner’s revenue for the quarter was up 9.1% compared to the same quarter last year. equities research analysts forecast that Time Warner Inc will post 7.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.61 annualized dividend and a yield of 1.71%. Time Warner’s dividend payout ratio (DPR) is currently 29.65%.

In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction 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. Insiders have sold 360,966 shares of company stock valued at $32,745,250 in the last quarter. 0.16% of the stock is owned by company insiders.

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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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