Time Warner (TWX) Position Increased by Hsbc Holdings PLC

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Hsbc Holdings PLC increased its position in shares of Time Warner (NYSE:TWX) by 24.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,984,015 shares of the media conglomerate’s stock after buying an additional 391,221 shares during the period. Hsbc Holdings PLC’s holdings in Time Warner were worth $187,648,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Northwestern Mutual Wealth Management Co. raised its stake 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 valued at $2,882,000 after purchasing an additional 544 shares during the last quarter. Sheaff Brock Investment Advisors LLC raised its stake in shares of Time Warner by 11.2% in the 1st quarter. Sheaff Brock Investment Advisors LLC now owns 5,978 shares of the media conglomerate’s stock valued at $565,000 after buying an additional 601 shares in the last quarter. Northern Capital Management LLC raised its stake in shares of Time Warner by 2.2% in the 1st quarter. Northern Capital Management LLC now owns 28,528 shares of the media conglomerate’s stock valued at $2,698,000 after buying an additional 615 shares in the last quarter. HL Financial Services LLC raised its stake in shares of 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 buying an additional 628 shares in the last quarter. Finally, Forward Management LLC raised its stake in shares of Time Warner by 11.6% in the 1st quarter. Forward Management LLC now owns 6,073 shares of the media conglomerate’s stock valued at $574,000 after buying an additional 632 shares in the last quarter. 78.99% of the stock is owned by institutional investors and hedge funds.

Shares of NYSE:TWX opened at $94.17 on Monday. Time Warner has a 12 month low of $85.88 and a 12 month high of $103.90. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.01 and a current ratio of 1.17. The stock has a market cap of $73.67 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.75 and a beta of 0.87.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, April 26th. The media conglomerate reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $1.74 by $0.54. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. The firm had revenue of $8 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. The company’s revenue was up 3.4% on a year-over-year basis. analysts expect that Time Warner will post 8.09 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Shareholders 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 yield of 1.71%. This is a positive change from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio is currently 25.08%.

A number of equities analysts have recently issued reports on TWX shares. ValuEngine cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Barclays restated a “hold” rating and issued a $98.00 price objective on shares of Time Warner in a research note on Monday, April 30th. Pivotal Research cut shares of Time Warner from a “buy” rating to a “hold” rating and dropped their target price for the stock from $108.00 to $105.00 in a research report on Tuesday, April 17th. Finally, UBS upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and increased their target price for the stock from $95.26 to $108.00 in a research report on Monday, March 12th. Sixteen research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Time Warner has an average rating of “Hold” and an average target price of $104.19.

About Time Warner

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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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