K2 Principal Fund L.P. reduced its position in shares of Time Warner Inc (NYSE:TWX) by 20.4% in the 4th quarter, Holdings Channel reports. The firm owned 295,516 shares of the media conglomerate’s stock after selling 75,585 shares during the quarter. Time Warner comprises approximately 2.0% of K2 Principal Fund L.P.’s portfolio, making the stock its 3rd biggest holding. K2 Principal Fund L.P.’s holdings in Time Warner were worth $27,031,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the stock. Northwestern Mutual Wealth Management Co. lifted its holdings in Time Warner by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock worth $2,882,000 after purchasing an additional 544 shares during the last quarter. Fragasso Group Inc. raised its holdings in Time Warner by 4.5% in the 3rd quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock valued at $1,363,000 after acquiring an additional 573 shares in the last quarter. Summit X LLC raised its holdings in Time Warner by 23.5% in the 4th quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock valued at $278,000 after acquiring an additional 575 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Time Warner by 6.2% in the 3rd quarter. Fisher Asset Management LLC now owns 10,792 shares of the media conglomerate’s stock valued at $1,106,000 after acquiring an additional 626 shares in the last quarter. Finally, HL Financial Services LLC raised its holdings in Time Warner by 18.6% in the 4th quarter. HL Financial Services LLC now owns 4,002 shares of the media conglomerate’s stock valued at $366,000 after acquiring an additional 628 shares in the last quarter. 78.66% of the stock is owned by institutional investors and hedge funds.
Several brokerages have weighed in on TWX. Zacks Investment Research raised Time Warner from a “sell” rating to a “hold” rating and set a $110.00 price objective for the company in a report on Monday, October 30th. Pivotal Research reaffirmed a “buy” rating and issued a $108.00 price objective on shares of Time Warner in a report on Thursday, February 1st. ValuEngine cut Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays lifted their price objective on Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, B. Riley reaffirmed a “neutral” rating and issued a $101.00 price objective (down from $105.00) on shares of Time Warner in a report on Friday, November 3rd. Sixteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $104.36.
Time Warner Inc (NYSE TWX) opened at $94.70 on Monday. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. Time Warner Inc has a fifty-two week low of $85.88 and a fifty-two week high of $103.90. The company has a market capitalization of $73,851.94, a price-to-earnings ratio of 14.31, a PEG ratio of 1.27 and a beta of 0.94.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, topping analysts’ consensus estimates of $1.44 by $0.16. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter in the previous year, the firm earned $1.25 EPS. Time Warner’s revenue was up 9.1% on a year-over-year basis. research analysts expect that Time Warner Inc will post 7.56 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a yield of 1.70%. Time Warner’s dividend payout ratio is currently 24.32%.
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.
Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc (NYSE:TWX).
Receive News & Ratings for Time Warner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner and related companies with MarketBeat.com's FREE daily email newsletter.