Teachers Advisors LLC grew its stake in shares of Time Warner Inc (NYSE:TWX) by 25.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,877,682 shares of the media conglomerate’s stock after acquiring an additional 376,710 shares during the period. Teachers Advisors LLC owned about 0.24% of Time Warner worth $171,752,000 at the end of the most recent quarter.
A number of other hedge funds also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its holdings in Time Warner by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock worth $2,882,000 after acquiring an additional 544 shares in the last quarter. Fragasso Group Inc. boosted its holdings in shares of Time Warner by 4.5% in the 3rd quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock valued at $1,363,000 after buying an additional 573 shares during the period. Summit X LLC boosted its holdings in shares of Time Warner by 23.5% in the 4th quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock valued at $278,000 after buying an additional 575 shares during the period. HL Financial Services LLC boosted its holdings in shares of Time Warner by 18.6% in the 4th quarter. HL Financial Services LLC now owns 4,002 shares of the media conglomerate’s stock valued at $366,000 after buying an additional 628 shares during the period. Finally, ZWJ Investment Counsel Inc. boosted its holdings in shares of Time Warner by 18.6% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 4,310 shares of the media conglomerate’s stock valued at $394,000 after buying an additional 677 shares during the period. 80.89% of the stock is owned by institutional investors.
Shares of Time Warner Inc (NYSE:TWX) opened at $96.15 on Monday. Time Warner Inc has a 52-week low of $85.88 and a 52-week high of $103.90. The company has a market cap of $74,290.00, a PE ratio of 17.35, a price-to-earnings-growth ratio of 1.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.
In related 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 value of $2,111,203.50. The transaction was disclosed in a filing 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 completion of the sale, the director now owns 27,785 shares in the company, valued at $2,600,953.85. The disclosure for this sale can be found here. Insiders sold a total of 31,488 shares of company stock worth $2,878,069 over the last quarter. Insiders own 0.16% of the company’s stock.
Several research analysts have recently commented on the stock. UBS Group raised shares of Time Warner from a “neutral” rating to a “buy” rating and lifted their price target for the company from $95.26 to $108.00 in a report on Monday. Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $84.00 price target (down from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. Barclays lifted their price target on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a report on Friday, February 2nd. Finally, raised shares of Time Warner from a “hold” rating to a “buy” rating and lifted their price target for the company from $102.00 to $103.00 in a report on Wednesday, November 15th. Fifteen research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. Time Warner presently has a consensus rating of “Hold” and a consensus price target of $104.36.
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Time Warner 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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