Narus Financial Partners LLC Has $442,000 Position in Time Warner Inc. (TWX)
Narus Financial Partners LLC maintained its stake in shares of Time Warner Inc. (NYSE:TWX) during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 4,400 shares of the media conglomerate’s stock at the end of the second quarter. Narus Financial Partners LLC’s holdings in Time Warner were worth $442,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of the stock. First Bank & Trust raised its position in shares of Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock worth $332,000 after buying an additional 9 shares during the period. Stillwater Investment Management LLC raised its position in shares of Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after buying an additional 9 shares during the period. Park National Corp OH raised its position in shares of Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after buying an additional 14 shares during the period. Integrated Wealth Management raised its position in shares of Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock worth $209,000 after buying an additional 17 shares during the period. Finally, Conservest Capital Advisors Inc. raised its position in shares of Time Warner by 0.4% in the second quarter. Conservest Capital Advisors Inc. now owns 7,857 shares of the media conglomerate’s stock worth $789,000 after buying an additional 31 shares during the period. Hedge funds and other institutional investors own 80.02% of the company’s stock.
Shares of Time Warner Inc. (NYSE:TWX) traded down 0.04% on Friday, reaching $101.90. 2,326,218 shares of the company were exchanged. The stock has a 50 day moving average of $100.86 and a 200-day moving average of $98.86. The company has a market capitalization of $79.26 billion, a P/E ratio of 18.91 and a beta of 1.05. Time Warner Inc. has a 52-week low of $74.27 and a 52-week high of $103.34.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.29 earnings per share. On average, analysts predict that Time Warner Inc. will post $6.09 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.58%. The ex-dividend date of this dividend was Thursday, July 6th. Time Warner’s payout ratio is 29.98%.
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A number of equities analysts recently issued reports on the company. Jefferies Group LLC restated a “hold” rating and issued a $105.00 target price (up previously from $102.42) on shares of Time Warner in a research note on Sunday, July 30th. Cowen and Company restated a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, August 3rd. Zacks Investment Research lowered Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Evercore ISI lowered Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price for the company. in a research note on Monday, August 7th. Finally, BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $102.25.
In other news, CFO Howard M. Averill acquired 255 shares of Time Warner stock in a transaction that occurred on Thursday, June 15th. The shares were acquired at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the purchase, the chief financial officer now owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.
Time Warner Company 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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