Lido Advisors LLC increased its position in shares of Time Warner (NYSE:TWX) by 93.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,102 shares of the media conglomerate’s stock after purchasing an additional 3,433 shares during the period. Lido Advisors LLC’s holdings in Time Warner were worth $671,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also recently added to or reduced their stakes in TWX. Slow Capital Inc. acquired a new stake in Time Warner during the 4th quarter worth approximately $113,000. Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in Time Warner during the 4th quarter worth approximately $131,000. Centaurus Financial Inc. acquired a new stake in Time Warner during the 1st quarter worth approximately $134,000. Silvant Capital Management LLC acquired a new stake in Time Warner during the 1st quarter worth approximately $142,000. Finally, Certified Advisory Corp acquired a new stake in Time Warner during the 1st quarter worth approximately $150,000. 78.99% of the stock is owned by institutional investors and hedge funds.
Time Warner stock opened at $94.00 on Thursday. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. Time Warner has a 52 week low of $85.88 and a 52 week high of $103.90. The firm has a market cap of $73.87 billion, a PE ratio of 14.64, a price-to-earnings-growth ratio of 1.76 and a beta of 0.87.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th were issued a dividend of $0.4025 per share. The ex-dividend date of this dividend was Monday, April 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.71%. This is a boost from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s payout ratio is 25.08%.
TWX has been the subject of several research reports. Moffett Nathanson raised Time Warner from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. 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, Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Tuesday, February 6th. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $104.19.
Time Warner Profile
Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.
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