Norinchukin Bank The Purchases 3,655 Shares of Time Warner Inc. (TWX)
Norinchukin Bank The lifted its position in shares of Time Warner Inc. (NYSE:TWX) by 3.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 97,373 shares of the media conglomerate’s stock after acquiring an additional 3,655 shares during the period. Norinchukin Bank The’s holdings in Time Warner were worth $9,976,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in the company. IHT Wealth Management LLC lifted its holdings in Time Warner by 98.0% in the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after acquiring an additional 400 shares during the last quarter. Jacobi Capital Management LLC lifted its holdings in Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after acquiring an additional 20 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Time Warner by 4.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after acquiring an additional 44 shares during the last quarter. Harfst & Associates Inc. lifted its holdings in Time Warner by 31.6% in the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after acquiring an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors acquired a new stake in Time Warner in the 2nd quarter valued at about $127,000. Institutional investors and hedge funds own 77.15% of the company’s stock.
A number of equities research analysts have weighed in on the stock. B. Riley reissued a “hold” rating and issued a $101.00 price target on shares of Time Warner in a report on Tuesday. Wells Fargo & Company reissued a “market perform” rating and issued a $84.00 price target (down from $100.00) on shares of Time Warner in a report on Tuesday. Barclays PLC upped their price target on shares of Time Warner from $92.00 to $107.00 and gave the company an “equal weight” rating in a report on Tuesday. Loop Capital reaffirmed a “hold” rating and set a $103.00 price objective (up from $102.00) on shares of Time Warner in a research note on Friday, November 17th. Finally, raised shares of Time Warner from a “hold” rating to a “buy” rating and upped their price objective for the company from $102.00 to $103.00 in a research note on Wednesday, November 15th. Twenty-three research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Time Warner currently has a consensus rating of “Hold” and an average price target of $102.87.
Time Warner Inc. (NYSE TWX) traded up $0.63 on Wednesday, hitting $90.19. The stock had a trading volume of 2,734,433 shares, compared to its average volume of 4,734,643. Time Warner Inc. has a 12 month low of $85.88 and a 12 month high of $103.90. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The company has a market capitalization of $68,290.39, a PE ratio of 14.47, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating the 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 company had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the prior year, the business earned $1.83 earnings per share. Time Warner’s revenue for the quarter was up 6.0% compared to the same quarter last year. equities research analysts anticipate that Time Warner Inc. will post 6.2 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a $0.4025 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.79%. Time Warner’s dividend payout ratio is 30.73%.
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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