Norinchukin Bank The Has $8.79 Million Stake in Time Warner Inc. (TWX)
Norinchukin Bank The increased its position in Time Warner Inc. (NYSE:TWX) by 4.7% during the first quarter, Holdings Channel reports. The fund owned 89,981 shares of the media conglomerate’s stock after buying an additional 4,057 shares during the period. Norinchukin Bank The’s holdings in Time Warner were worth $8,792,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently made changes to their positions in the company. Archford Capital Strategies LLC bought a new position in shares of Time Warner during the fourth quarter worth approximately $106,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after buying an additional 100 shares during the last quarter. Carroll Financial Associates Inc. increased its position in shares of Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock worth $122,000 after buying an additional 33 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new position in shares of Time Warner during the fourth quarter worth approximately $126,000. Finally, Thompson Siegel & Walmsley LLC increased its position in shares of Time Warner by 0.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,415 shares of the media conglomerate’s stock worth $137,000 after buying an additional 7 shares during the last quarter. Hedge funds and other institutional investors own 80.97% of the company’s stock.
Time Warner Inc. (TWX) opened at 99.20 on Friday. Time Warner Inc. has a 52-week low of $68.97 and a 52-week high of $100.60. The firm has a market capitalization of $76.93 billion, a PE ratio of 18.92 and a beta of 1.09. The stock’s 50 day moving average price is $98.79 and its 200 day moving average price is $97.29.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. The company had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.66 billion. Time Warner had a return on equity of 19.45% and a net margin of 13.90%. The company’s revenue was up 5.8% on a year-over-year basis. During the same period last year, the firm earned $1.49 earnings per share. Analysts expect that Time Warner Inc. will post $6.05 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, June 15th. Stockholders of record on Wednesday, May 31st were paid a dividend of $0.4025 per share. The ex-dividend date of this dividend was Friday, May 26th. This represents a $1.61 annualized dividend and a dividend yield of 1.62%. Time Warner’s dividend payout ratio is presently 30.78%.
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A number of equities analysts recently commented on TWX shares. Jefferies Group LLC reiterated a “buy” rating and set a $105.00 price objective on shares of Time Warner in a research report on Monday, May 22nd. FBR & Co reiterated a “buy” rating and set a $107.50 price objective on shares of Time Warner in a research report on Friday, April 7th. Credit Suisse Group reiterated a “buy” rating and set a $108.00 price objective on shares of Time Warner in a research report on Wednesday, March 1st. Royal Bank Of Canada set a $108.00 price objective on Time Warner and gave the stock a “hold” rating in a research report on Monday, June 12th. Finally, Pivotal Research downgraded Time Warner from a “buy” rating to a “hold” rating and lifted their price objective for the stock from $100.00 to $107.50 in a research report on Thursday, April 20th. One equities research analyst has rated the stock with a sell rating, twenty-one have assigned a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $100.50.
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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