DSC Advisors L.P. Takes $2.52 Million Position in Time Warner Inc (TWX)
DSC Advisors L.P. purchased a new position in Time Warner Inc (NYSE:TWX) in the fourth quarter, HoldingsChannel reports. The firm purchased 27,541 shares of the media conglomerate’s stock, valued at approximately $2,519,000. Time Warner makes up approximately 1.5% of DSC Advisors L.P.’s holdings, making the stock its 16th largest holding.
A number of other institutional investors and hedge funds also recently modified their holdings of TWX. Nationwide Fund Advisors increased its position in Time Warner by 0.6% in the third quarter. Nationwide Fund Advisors now owns 218,764 shares of the media conglomerate’s stock worth $22,412,000 after buying an additional 1,410 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its position in Time Warner by 6.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 451,805 shares of the media conglomerate’s stock worth $46,290,000 after buying an additional 28,670 shares in the last quarter. Alps Advisors Inc. purchased a new stake in Time Warner in the third quarter worth about $435,000. Jarislowsky Fraser Ltd increased its position in Time Warner by 40.5% in the third quarter. Jarislowsky Fraser Ltd now owns 3,610 shares of the media conglomerate’s stock worth $369,000 after buying an additional 1,040 shares in the last quarter. Finally, CIBC Asset Management Inc increased its position in Time Warner by 1.0% in the third quarter. CIBC Asset Management Inc now owns 75,585 shares of the media conglomerate’s stock worth $7,744,000 after buying an additional 726 shares in the last quarter. Institutional investors and hedge funds own 80.89% of the company’s stock.
In related news, insider Olaf Olafsson sold 23,450 shares of the 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director William P. Barr sold 4,019 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $97.20, for a total value of $390,646.80. Following the transaction, the director now directly owns 44,959 shares of the company’s stock, valued at $4,370,014.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,488 shares of company stock valued at $2,878,069. 0.16% of the stock is owned by corporate insiders.
Time Warner Inc (TWX) opened at $96.16 on Wednesday. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90. The company has a market capitalization of $75,450.64, a P/E ratio of 14.53, a P/E/G ratio of 1.51 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating analysts’ consensus estimates of $1.44 by $0.16. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company had revenue of $8.61 billion during the quarter, compared to analyst estimates of $8.41 billion. During the same period in the prior year, the company earned $1.25 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. equities analysts anticipate that Time Warner Inc will post 7.67 EPS for the current year.
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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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