Time Warner Inc. (TWX) Shares Sold by Windward Capital Management Co. CA
Windward Capital Management Co. CA lowered its position in Time Warner Inc. (NYSE:TWX) by 0.6% during the third quarter, Holdings Channel reports. The fund owned 123,918 shares of the media conglomerate’s stock after selling 720 shares during the period. Time Warner makes up 1.8% of Windward Capital Management Co. CA’s investment portfolio, making the stock its 24th largest position. Windward Capital Management Co. CA’s holdings in Time Warner were worth $9,865,000 at the end of the most recent reporting period.
Other institutional investors have also bought and sold shares of the company. Eaton Vance Management increased its stake in Time Warner by 559.6% in the second quarter. Eaton Vance Management now owns 3,568,589 shares of the media conglomerate’s stock worth $262,434,000 after buying an additional 3,027,578 shares during the last quarter. Emerald Acquisition Ltd. acquired a new stake in Time Warner during the second quarter worth $174,269,000. Janus Capital Management LLC increased its stake in Time Warner by 36.1% in the second quarter. Janus Capital Management LLC now owns 5,612,332 shares of the media conglomerate’s stock worth $412,731,000 after buying an additional 1,487,857 shares during the last quarter. Hitchwood Capital Management LP acquired a new stake in Time Warner during the second quarter worth $73,540,000. Finally, Vanguard Group Inc. increased its stake in Time Warner by 1.3% in the second quarter. Vanguard Group Inc. now owns 45,700,331 shares of the media conglomerate’s stock worth $3,360,803,000 after buying an additional 591,329 shares during the last quarter. Institutional investors and hedge funds own 80.32% of the company’s stock.
Time Warner Inc. (NYSE:TWX) traded down 0.66% on Wednesday, hitting $92.30. 1,894,784 shares of the stock were exchanged. Time Warner Inc. has a 12 month low of $55.53 and a 12 month high of $94.44. The company has a 50-day moving average of $86.51 and a 200-day moving average of $79.10. The stock has a market cap of $71.18 billion, a price-to-earnings ratio of 16.42 and a beta of 1.08.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, November 2nd. The media conglomerate reported $1.83 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.46. The business had revenue of $7.20 billion for the quarter, compared to analyst estimates of $6.92 billion. Time Warner had a return on equity of 18.95% and a net margin of 15.75%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.25 earnings per share. On average, equities analysts predict that Time Warner Inc. will post $5.78 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 15th. Investors of record on Wednesday, November 30th will be paid a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, November 28th. Time Warner’s payout ratio is currently 28.60%.
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TWX has been the subject of a number of analyst reports. Albert Fried & Company reiterated a “buy” rating and issued a $90.00 price target on shares of Time Warner in a research report on Wednesday, August 3rd. Goldman Sachs Group Inc. reiterated a “buy” rating and issued a $89.00 price target (up from $87.00) on shares of Time Warner in a research report on Thursday, August 4th. Jefferies Group lifted their price target on shares of Time Warner from $85.00 to $88.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Deutsche Bank AG lifted their price target on shares of Time Warner from $93.00 to $95.00 and gave the company a “buy” rating in a research report on Thursday, August 4th. Finally, Wunderlich dropped their price target on shares of Time Warner from $106.00 to $95.00 and set a “buy” rating for the company in a research report on Thursday, August 4th. One analyst has rated the stock with a sell rating, seventeen have issued a hold rating, twenty-two have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $95.04.
In related news, EVP Paul T. Cappuccio sold 56,595 shares of the stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the sale, the executive vice president now owns 157,877 shares of the company’s stock, valued at $12,352,296.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.
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 domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.
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