Capital Research Global Investors Grows Holdings in Time Warner Inc. (TWX)
Capital Research Global Investors boosted its position in shares of Time Warner Inc. (NYSE:TWX) by 0.0% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 10,124,164 shares of the media conglomerate’s stock after purchasing an additional 1,859 shares during the quarter. Capital Research Global Investors owned about 1.30% of Time Warner worth $1,016,567,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Halcyon Management Partners LP increased its holdings in Time Warner by 48.9% during the 2nd quarter. Halcyon Management Partners LP now owns 286,068 shares of the media conglomerate’s stock worth $28,724,000 after purchasing an additional 94,002 shares during the period. Tyrus Capital S.A.M. purchased a new position in Time Warner during the 2nd quarter worth $20,082,000. GLG Partners LP purchased a new position in Time Warner during the 2nd quarter worth $29,423,000. Zurich Insurance Group Ltd FI increased its holdings in Time Warner by 2.8% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 109,064 shares of the media conglomerate’s stock worth $10,951,000 after purchasing an additional 2,946 shares during the period. Finally, Sun Life Financial INC increased its holdings in Time Warner by 39,748.8% during the 2nd quarter. Sun Life Financial INC now owns 16,338 shares of the media conglomerate’s stock worth $1,643,000 after purchasing an additional 16,297 shares during the period. Institutional investors own 79.19% of the company’s stock.
Several research analysts have commented on the company. Royal Bank Of Canada set a $108.00 price objective on Time Warner and gave the stock a “hold” rating in a report on Monday, June 12th. Jefferies Group LLC downgraded Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Thursday, August 3rd. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price objective on the stock. in a report on Monday, September 18th. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Finally, BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $102.91.
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Shares of Time Warner Inc. (NYSE:TWX) opened at 103.30 on Monday. The firm has a market cap of $80.35 billion, a PE ratio of 19.17 and a beta of 1.02. The firm’s 50-day moving average price is $101.93 and its 200-day moving average price is $100.16. Time Warner Inc. has a 12 month low of $78.32 and a 12 month high of $103.90.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping 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 in the prior year, the firm earned $1.29 earnings per share. The business’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts expect that Time Warner Inc. will post $6.10 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a dividend of $0.4025 per share. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.56%. Time Warner’s dividend payout ratio (DPR) is 29.98%.
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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