Greenleaf Trust Lowers Stake in Time Warner Inc (TWX)

Greenleaf Trust lessened its holdings in Time Warner Inc (NYSE:TWX) by 4.8% in the 4th quarter, HoldingsChannel.com reports. The firm owned 12,267 shares of the media conglomerate’s stock after selling 619 shares during the quarter. Greenleaf Trust’s holdings in Time Warner were worth $1,122,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in TWX. Independent Franchise Partners LLP raised its stake in shares of Time Warner by 2.8% during the 3rd quarter. Independent Franchise Partners LLP now owns 6,765,645 shares of the media conglomerate’s stock worth $693,140,000 after acquiring an additional 186,323 shares in the last quarter. Boston Partners raised its stake in shares of Time Warner by 0.9% during the 4th quarter. Boston Partners now owns 5,140,335 shares of the media conglomerate’s stock worth $470,187,000 after acquiring an additional 46,309 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Time Warner by 2.1% during the 3rd quarter. Legal & General Group Plc now owns 4,044,883 shares of the media conglomerate’s stock worth $414,386,000 after acquiring an additional 82,127 shares in the last quarter. Janus Henderson Group PLC raised its stake in shares of Time Warner by 49.2% during the 3rd quarter. Janus Henderson Group PLC now owns 3,240,057 shares of the media conglomerate’s stock worth $331,940,000 after acquiring an additional 1,068,229 shares in the last quarter. Finally, Swiss National Bank raised its stake in shares of Time Warner by 0.3% during the 4th quarter. Swiss National Bank now owns 3,062,408 shares of the media conglomerate’s stock worth $280,118,000 after acquiring an additional 10,000 shares in the last quarter. 76.85% of the stock is owned by hedge funds and other institutional investors.

In other news, insider Olaf Olafsson sold 23,450 shares of the stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the stock in a transaction on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the sale, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. Insiders sold 360,966 shares of company stock worth $32,745,250 in the last quarter. Company insiders own 0.16% of the company’s stock.

Several research firms recently commented on TWX. Barclays set a $100.00 price objective on shares of Time Warner and gave the stock a “hold” rating in a research note on Tuesday, January 23rd. Wells Fargo & Co reiterated a “market perform” rating and set a $98.00 price objective (up previously from $84.00) on shares of Time Warner in a research note on Thursday, January 4th. B. Riley reiterated a “neutral” rating and set a $101.00 price objective (down previously from $105.00) on shares of Time Warner in a research note on Friday, November 3rd. Deutsche Bank restated a “buy” rating and set a $99.00 price target on shares of Time Warner in a research note on Friday, November 10th. Finally, Pivotal Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and upped their price target for the company from $102.00 to $103.00 in a research note on Monday, November 13th. Sixteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Time Warner has an average rating of “Hold” and an average target price of $104.36.

Shares of Time Warner Inc (NYSE TWX) opened at $94.52 on Thursday. The firm has a market cap of $73,561.80, a price-to-earnings ratio of 14.71, a PEG ratio of 1.27 and a beta of 0.94. Time Warner Inc has a 52 week low of $85.88 and a 52 week high of $103.90. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.

Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. The firm had revenue of $8.61 billion for the quarter, compared to analyst estimates of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The business’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.25 earnings per share. research analysts forecast that Time Warner Inc will post 7.56 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were paid a $0.4025 dividend. The ex-dividend date of this dividend was Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.70%. Time Warner’s payout ratio is currently 24.32%.

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

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