Time Warner Inc. (TWX) Shares Sold by Ballentine Partners LLC
Ballentine Partners LLC decreased its position in shares of Time Warner Inc. (NYSE:TWX) by 6.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,767 shares of the media conglomerate’s stock after selling 563 shares during the period. Ballentine Partners LLC’s holdings in Time Warner were worth $898,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TWX. Legal & General Group Plc increased its position in Time Warner by 3.2% during the first quarter. Legal & General Group Plc now owns 3,863,697 shares of the media conglomerate’s stock worth $377,527,000 after buying an additional 120,177 shares during the period. Hartland & Co. LLC acquired a new position in Time Warner during the first quarter worth approximately $247,000. Rothschild Asset Management Inc. increased its position in Time Warner by 25.9% during the first quarter. Rothschild Asset Management Inc. now owns 255,547 shares of the media conglomerate’s stock worth $24,970,000 after buying an additional 52,497 shares during the period. Banco BTG Pactual S.A. acquired a new position in Time Warner during the first quarter worth approximately $5,951,000. Finally, Mission Wealth Management LLC increased its position in Time Warner by 63.3% during the first quarter. Mission Wealth Management LLC now owns 12,096 shares of the media conglomerate’s stock worth $1,182,000 after buying an additional 4,691 shares during the period. 79.11% of the stock is currently owned by institutional investors.
Several brokerages have weighed in on TWX. Zacks Investment Research downgraded Time Warner from a “hold” rating to a “sell” rating in a research note on Tuesday, October 17th. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price on the stock. in a research note on Monday, September 18th. Cowen and Company reiterated a “hold” rating and issued a $102.00 target price on shares of Time Warner in a research note on Friday, October 27th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Time Warner in a research note on Tuesday, September 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and issued a $105.00 target price on shares of Time Warner in a research note on Sunday, September 10th. Twenty-four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $104.02.
Time Warner Inc. (TWX) traded up $3.55 during mid-day trading on Friday, reaching $90.60. The company’s stock had a trading volume of 26,863,602 shares, compared to its average volume of 11,703,416. Time Warner Inc. has a 1 year low of $85.77 and a 1 year high of $103.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. The stock has a market capitalization of $70,540.52, a P/E ratio of 14.95, a PEG ratio of 1.43 and a beta of 0.98.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the previous year, the business earned $1.83 earnings per share. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. equities analysts predict that Time Warner Inc. will post 6.2 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.78%. The ex-dividend date of this dividend was Friday, October 6th. Time Warner’s payout ratio is 30.73%.
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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