HPM Partners LLC lessened its position in Time Warner Inc (NYSE:TWX) by 9.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 24,671 shares of the media conglomerate’s stock after selling 2,610 shares during the period. HPM Partners LLC’s holdings in Time Warner were worth $2,257,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Stone Ridge Asset Management LLC bought a new position in shares of Time Warner in the 4th quarter valued at about $322,000. Viking Global Investors LP bought a new stake in shares of Time Warner during the 4th quarter worth about $420,390,000. Bronson Point Management LLC bought a new stake in shares of Time Warner during the 4th quarter worth about $13,721,000. Proxima Capital Management LLC bought a new stake in shares of Time Warner during the 4th quarter worth about $9,879,000. Finally, Kemnay Advisory Services Inc. bought a new stake in shares of Time Warner during the 4th quarter worth about $5,074,000. 80.89% of the stock is owned by institutional investors.
In other Time Warner news, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Deborah C. Wright sold 4,019 shares of the business’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the sale, the director now directly owns 27,785 shares in the company, valued at $2,600,953.85. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,488 shares of company stock valued at $2,878,069. 0.16% of the stock is owned by corporate insiders.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. The business had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The firm’s quarterly revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company earned $1.25 EPS. analysts anticipate that Time Warner Inc will post 7.67 earnings per share for the current year.
Several brokerages recently commented on TWX. Pivotal Research reaffirmed a “buy” rating and set a $108.00 target price on shares of Time Warner in a report on Thursday, February 1st. ValuEngine downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays lifted their target price on shares of Time Warner from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. UBS Group raised shares of Time Warner from a “neutral” rating to a “buy” rating in a report on Monday. Finally, Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Fifteen research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $104.15.
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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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