Koshinski Asset Management Inc. Has $458,000 Position in Time Warner Inc. (NYSE:TWX)
Koshinski Asset Management Inc. lowered its stake in shares of Time Warner Inc. (NYSE:TWX) by 78.4% during the second quarter, Holdings Channel reports. The institutional investor owned 4,564 shares of the media conglomerate’s stock after selling 16,611 shares during the period. Koshinski Asset Management Inc.’s holdings in Time Warner were worth $458,000 as of its most recent SEC filing.
A number of other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. increased its position in shares of Time Warner by 2,169.2% in the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after buying an additional 40,940,053 shares in the last quarter. Canyon Capital Advisors LLC increased its position in shares of Time Warner by 397.0% in the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock worth $556,541,000 after buying an additional 4,549,848 shares in the last quarter. OZ Management LP increased its position in shares of Time Warner by 98.2% in the first quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock worth $610,049,000 after buying an additional 3,093,353 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Time Warner by 4,979.0% in the first quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock worth $261,700,000 after buying an additional 2,625,600 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in shares of Time Warner by 3.7% in the first quarter. Vanguard Group Inc. now owns 48,726,247 shares of the media conglomerate’s stock worth $4,761,042,000 after buying an additional 1,740,936 shares in the last quarter. 80.02% of the stock is owned by hedge funds and other institutional investors.
Time Warner Inc. (NYSE TWX) traded down 0.04% on Friday, hitting $101.90. 2,326,218 shares of the stock traded hands. The company has a market cap of $79.26 billion, a price-to-earnings ratio of 18.91 and a beta of 1.05. Time Warner Inc. has a 1-year low of $74.27 and a 1-year high of $103.34. The stock has a 50-day moving average price of $100.86 and a 200 day moving average price of $98.86.
Time Warner (NYSE:TWX) last posted its quarterly earnings results 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. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The business had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the firm posted $1.29 EPS. Time Warner’s revenue was up 5.4% compared to the same quarter last year. On average, analysts anticipate that Time Warner Inc. will post $6.09 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 given a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.58%. The ex-dividend date was Thursday, July 6th. Time Warner’s payout ratio is currently 29.98%.
TWX has been the subject of a number of research analyst reports. BidaskClub downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Friday, July 14th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $105.00 target price on shares of Time Warner in a research note on Monday, May 22nd. Cowen and Company reaffirmed a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, August 3rd. Finally, Evercore ISI downgraded shares of 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. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.25.
In other Time Warner news, CFO Howard M. Averill purchased 255 shares of Time Warner stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average price of $99.67 per share, with a total value of $25,415.85. Following the transaction, the chief financial officer now owns 63,399 shares in the company, valued at approximately $6,318,978.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company 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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