Candriam Luxembourg S.C.A. raised its position in Time Warner Inc (NYSE:TWX) by 4.4% during the fourth quarter, HoldingsChannel.com reports. The fund owned 68,790 shares of the media conglomerate’s stock after purchasing an additional 2,906 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Time Warner were worth $6,292,000 at the end of the most recent quarter.
Several other hedge funds have also recently added to or reduced their stakes in TWX. Cowen Inc. increased its position in shares of Time Warner by 833.4% in the third quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock valued at $263,933,000 after acquiring an additional 2,300,205 shares during the period. Janus Henderson Group PLC increased its position in shares of Time Warner by 49.2% in the third quarter. Janus Henderson Group PLC now owns 3,240,057 shares of the media conglomerate’s stock valued at $331,940,000 after acquiring an additional 1,068,229 shares during the period. Vaughan Nelson Investment Management L.P. purchased a new position in shares of Time Warner in the third quarter valued at about $82,459,000. Global Thematic Partners LLC increased its position in shares of Time Warner by 245.4% in the fourth quarter. Global Thematic Partners LLC now owns 909,250 shares of the media conglomerate’s stock valued at $83,170,000 after acquiring an additional 646,008 shares during the period. Finally, Omni Partners LLP increased its position in shares of Time Warner by 141.3% in the third quarter. Omni Partners LLP now owns 903,465 shares of the media conglomerate’s stock valued at $92,560,000 after acquiring an additional 529,111 shares during the period. Hedge funds and other institutional investors own 76.85% of the company’s stock.
Shares of Time Warner Inc (NYSE:TWX) opened at $94.52 on Thursday. Time Warner Inc has a 52 week low of $85.88 and a 52 week high of $103.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market cap of $73,590.00, a PE ratio of 17.41, a P/E/G ratio of 1.26 and a beta of 0.94.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.70%. The ex-dividend date was Tuesday, January 9th. Time Warner’s payout ratio is currently 29.65%.
A number of equities research analysts have recently weighed in on TWX shares. raised shares of Time Warner from a “hold” rating to a “buy” rating and lifted their target price for the company from $102.00 to $103.00 in a research note on Wednesday, November 15th. Pivotal Research raised shares of Time Warner from a “hold” rating to a “buy” rating and lifted their target price for the company from $102.00 to $103.00 in a research note on Monday, November 13th. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price on the stock in a research note on Monday, November 13th. Deutsche Bank reaffirmed a “buy” rating and set a $99.00 target price on shares of Time Warner in a research note on Friday, November 10th. Finally, Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a research note on Thursday, January 4th. Sixteen research analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Time Warner presently has a consensus rating of “Hold” and an average target price of $104.36.
In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the sale, the chief executive officer now owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. Insiders have sold 360,966 shares of company stock worth $32,745,250 in the last three months. 0.16% of the stock is currently owned by insiders.
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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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