Clear Harbor Asset Management LLC held its stake in Time Warner Inc. (NYSE:TWX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,222 shares of the media conglomerate’s stock at the end of the second quarter. Clear Harbor Asset Management LLC’s holdings in Time Warner were worth $820,000 as of its most recent SEC filing.
Other hedge funds have also bought and sold shares of the company. Bellwether Investment Group LLC increased its stake in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC increased its stake in 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 period. Carroll Financial Associates Inc. increased its stake in 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 period. Advisory Services Network LLC acquired a new stake in Time Warner during the first quarter worth $138,000. Finally, Archford Capital Strategies LLC increased its stake in Time Warner by 43.5% in the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock worth $155,000 after buying an additional 481 shares during the period. Hedge funds and other institutional investors own 80.02% of the company’s stock.
Time Warner Inc. (NYSE TWX) traded down 0.20% during trading on Thursday, reaching $102.08. The company had a trading volume of 1,375,951 shares. Time Warner Inc. has a 52-week low of $74.27 and a 52-week high of $103.34. The company has a 50-day moving average price of $100.71 and a 200 day moving average price of $98.80. The stock has a market cap of $79.40 billion, a PE ratio of 18.94 and a beta of 1.05.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The business’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 earnings per share. On average, analysts anticipate that Time Warner Inc. will post $6.09 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Investors of record on Monday, July 10th were given a dividend of $0.4025 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.57%. Time Warner’s payout ratio is 29.98%.
TWX has been the topic of a number of analyst reports. Jefferies Group LLC restated a “buy” rating and issued a $105.00 price target on shares of Time Warner in a research note on Monday, May 22nd. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Thursday, July 13th. Barclays PLC downgraded Time Warner from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $95.00 to $107.00 in a research note on Friday, August 4th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $102.25.
In other news, CFO Howard M. Averill acquired 255 shares of Time Warner stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the transaction, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.
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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