Personal Capital Advisors Corp bought a new stake in Time Warner Inc (NYSE:TWX) during the fourth quarter, HoldingsChannel.com reports. The fund bought 2,891 shares of the media conglomerate’s stock, valued at approximately $264,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in TWX. Cowen Inc. raised its stake in Time Warner by 833.4% in the third quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock valued at $263,933,000 after purchasing an additional 2,300,205 shares in the last quarter. Janus Henderson Group PLC raised its stake in Time Warner by 2,022.3% in the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock valued at $218,073,000 after purchasing an additional 2,069,495 shares in the last quarter. Empyrean Capital Partners LP raised its stake in Time Warner by 93.1% in the second quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock valued at $427,539,000 after purchasing an additional 2,052,932 shares in the last quarter. Farallon Capital Management LLC raised its stake in Time Warner by 37.3% in the second quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock valued at $700,862,000 after purchasing an additional 1,895,000 shares in the last quarter. Finally, BlackRock Inc. raised its stake in Time Warner by 4.0% in the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after purchasing an additional 1,696,681 shares in the last quarter. 77.82% of the stock is currently owned by institutional investors and hedge funds.

Time Warner Inc (NYSE:TWX) opened at $93.36 on Monday. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. Time Warner Inc has a fifty-two week low of $85.88 and a fifty-two week high of $103.90. The stock has a market cap of $72,689.45, a P/E ratio of 17.82, a PEG ratio of 1.41 and a beta of 0.96.

Time Warner (NYSE:TWX) last issued its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same quarter last year, the business earned $1.83 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. research analysts forecast that Time Warner Inc will post 6.2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Tuesday, January 9th. Time Warner’s dividend payout ratio is 30.73%.

In other news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the firm’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the transaction, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company insiders.

TWX has been the topic of a number of recent analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and issued a $102.00 target price on shares of Time Warner in a research note on Friday, October 27th. Zacks Investment Research raised shares of Time Warner from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. B. Riley reaffirmed a “hold” rating and issued a $101.00 target price on shares of Time Warner in a research note on Tuesday, November 21st. KeyCorp reiterated a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. Finally, Pivotal Research reiterated a “buy” rating and set a $108.00 price target (up from $103.00) on shares of Time Warner in a research report on Tuesday, January 9th. One equities research analyst has rated the stock with a sell rating, nineteen have assigned a hold rating and nine have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $105.13.

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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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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