Insider Selling: Time Warner Inc (TWX) Insider Sells 23,450 Shares of Stock

Time Warner Inc (NYSE:TWX) insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

Time Warner Inc (NYSE TWX) traded up $0.60 during trading on Monday, reaching $90.25. 11,007,300 shares of the company were exchanged, compared to its average volume of 4,802,974. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The company has a market cap of $70,150.00, a price-to-earnings ratio of 14.89, a PEG ratio of 1.42 and a beta of 0.95. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90.

Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. The business had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. Time Warner’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 EPS. research analysts anticipate that Time Warner Inc will post 6.18 earnings per share for the current year.

Hedge funds have recently added to or reduced their stakes in the business. Jacobi Capital Management LLC grew its stake in Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares in the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in Time Warner in the 3rd quarter worth approximately $102,000. Americafirst Capital Management LLC purchased a new position in Time Warner in the 3rd quarter worth approximately $106,000. Patriot Financial Group Insurance Agency LLC grew its stake in Time Warner by 4.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after buying an additional 44 shares in the last quarter. Finally, Zions Bancorporation grew its stake in Time Warner by 698.6% in the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock worth $117,000 after buying an additional 999 shares in the last quarter. 78.11% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently issued reports on TWX shares. Deutsche Bank reissued a “buy” rating and issued a $99.00 price target on shares of Time Warner in a research report on Friday, November 10th. Loop Capital lowered their price target on shares of Time Warner from $107.50 to $102.00 and set a “hold” rating on the stock in a research report on Thursday, November 9th. Wells Fargo & Company reissued a “market perform” rating and issued a $84.00 price target (down previously from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Cowen reissued a “hold” rating and issued a $102.00 price target on shares of Time Warner in a research report on Friday, October 27th. Finally, ValuEngine lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Twenty-three equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $103.00.

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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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