Cypress Wealth Advisors LLC Has $447,000 Position in Time Warner Inc. (TWX)
Cypress Wealth Advisors LLC cut its stake in shares of Time Warner Inc. (NYSE:TWX) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 4,575 shares of the media conglomerate’s stock after selling 39 shares during the period. Cypress Wealth Advisors LLC’s holdings in Time Warner were worth $447,000 at the end of the most recent quarter.
A number of other hedge funds also recently modified their holdings of TWX. Bellwether Investment Group LLC boosted its stake in shares of Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC boosted its stake in shares of Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares during the last quarter. Carroll Financial Associates Inc. boosted its stake in shares of Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Time Warner during the first quarter valued at about $138,000. Finally, Asset Dedication LLC boosted its stake in shares of Time Warner by 14.6% in the first quarter. Asset Dedication LLC now owns 1,729 shares of the media conglomerate’s stock valued at $169,000 after buying an additional 220 shares during the last quarter. Institutional investors own 79.78% of the company’s stock.
Time Warner Inc. (TWX) traded up 0.17% on Friday, hitting $102.52. The stock had a trading volume of 2,688,354 shares. The company’s 50 day moving average is $100.19 and its 200 day moving average is $98.55. Time Warner Inc. has a 12-month low of $74.27 and a 12-month high of $103.34. The firm has a market cap of $79.66 billion, a PE ratio of 19.01 and a beta of 1.05.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 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 business had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts expect that Time Warner Inc. will post $6.08 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.57%. The ex-dividend date was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is 29.98%.
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Several equities analysts have recently commented on the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research note on Monday, April 17th. MKM Partners reaffirmed a “neutral” rating and issued a $107.50 price target (up previously from $90.00) on shares of Time Warner in a research note on Monday, May 1st. Royal Bank Of Canada set a $108.00 price target on Time Warner and gave the company a “hold” rating in a research note on Monday, June 12th. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating in a research note on Thursday. Finally, Rosenblatt Securities reaffirmed a “neutral” rating and issued a $105.00 price target on shares of Time Warner in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, twenty-three have assigned a hold rating, eleven have issued a buy rating and one has assigned a strong buy rating to the stock. Time Warner currently has an average rating of “Hold” and an average target price of $101.82.
In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the business’s stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the purchase, the chief financial officer now owns 63,399 shares in the company, valued at approximately $6,318,978.33. The purchase was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.
About Time Warner
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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