Deborah C. Wright Sells 4,019 Shares of Time Warner Inc (TWX) Stock

Time Warner Inc (NYSE:TWX) Director Deborah C. Wright sold 4,019 shares of Time Warner stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $93.61, for a total transaction of $376,218.59. Following the completion of the transaction, the director now directly owns 27,785 shares of the company’s stock, valued at approximately $2,600,953.85. The sale was disclosed in a document filed with the SEC, which is available through the SEC website.

Shares of Time Warner Inc (NYSE:TWX) traded up $0.70 during mid-day trading on Tuesday, hitting $94.31. 3,596,888 shares of the company traded hands, compared to its average volume of 5,318,326. The company has a market cap of $73,080.00, a P/E ratio of 17.37, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94. 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 Inc has a 1-year low of $85.88 and a 1-year high of $103.90.

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

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.71%. The ex-dividend date was Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is 29.65%.

A number of institutional investors have recently modified their holdings of TWX. Cowen Inc. raised its stake in Time Warner by 833.4% in the 3rd quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after purchasing an additional 2,300,205 shares in the last quarter. Amundi Pioneer Asset Management Inc. raised its stake in Time Warner by 57.0% in the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,407,088 shares of the media conglomerate’s stock worth $494,586,000 after purchasing an additional 1,962,423 shares in the last quarter. Janus Henderson Group PLC raised its stake in Time Warner by 49.2% in the 3rd quarter. Janus Henderson Group PLC now owns 3,240,057 shares of the media conglomerate’s stock worth $331,940,000 after purchasing an additional 1,068,229 shares in the last quarter. Vaughan Nelson Investment Management L.P. acquired a new stake in Time Warner in the 3rd quarter worth about $82,459,000. Finally, Sand Grove Capital Management LLP raised its stake in Time Warner by 60.2% in the 4th quarter. Sand Grove Capital Management LLP now owns 1,938,728 shares of the media conglomerate’s stock worth $177,452,000 after purchasing an additional 728,187 shares in the last quarter. Institutional investors and hedge funds own 76.85% of the company’s stock.

TWX has been the subject of a number of analyst reports. Pivotal Research raised shares of Time Warner from a “hold” rating to a “buy” rating and lifted their price objective for the company from $102.00 to $103.00 in a research report on Monday, November 13th. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Monday, November 13th. Deutsche Bank reissued a “buy” rating and issued a $99.00 price objective on shares of Time Warner in a research report on Friday, November 10th. raised shares of Time Warner from a “hold” rating to a “buy” rating and lifted their price objective for the company from $102.00 to $103.00 in a research report on Wednesday, November 15th. Finally, Guggenheim reissued a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $104.36.

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About Time Warner

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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