DSC Advisors L.P. purchased a new stake in shares of Time Warner Inc (NYSE:TWX) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 27,541 shares of the media conglomerate’s stock, valued at approximately $2,519,000. Time Warner makes up approximately 1.5% of DSC Advisors L.P.’s investment portfolio, making the stock its 16th biggest position.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Cheyne Capital Management UK LLP boosted its holdings in Time Warner by 29.9% in the fourth quarter. Cheyne Capital Management UK LLP now owns 263,513 shares of the media conglomerate’s stock worth $24,135,000 after acquiring an additional 60,600 shares in the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Time Warner by 6.8% in the third quarter. Raymond James Financial Services Advisors Inc. now owns 451,805 shares of the media conglomerate’s stock worth $46,290,000 after acquiring an additional 28,670 shares in the last quarter. MUFG Securities EMEA plc boosted its holdings in Time Warner by 600.0% in the third quarter. MUFG Securities EMEA plc now owns 455,000 shares of the media conglomerate’s stock worth $46,615,000 after acquiring an additional 390,000 shares in the last quarter. AMP Capital Investors Ltd boosted its holdings in Time Warner by 1.8% in the third quarter. AMP Capital Investors Ltd now owns 431,923 shares of the media conglomerate’s stock worth $44,251,000 after acquiring an additional 7,762 shares in the last quarter. Finally, Steward Partners Investment Advisory LLC bought a new stake in Time Warner in the third quarter worth $1,449,000. Institutional investors own 80.89% of the company’s stock.
Several research firms have commented on TWX. Moffett Nathanson raised Time Warner from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Wells Fargo & Co reissued a “market perform” rating and issued a $84.00 target price (down from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. Barclays boosted their target price on Time Warner from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Pivotal Research reissued a “buy” rating and issued a $108.00 target price on shares of Time Warner in a report on Thursday, February 1st. Finally, raised Time Warner from a “hold” rating to a “buy” rating and boosted their target price for the stock from $102.00 to $103.00 in a report on Wednesday, November 15th. Fifteen analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Time Warner presently has a consensus rating of “Hold” and a consensus target price of $104.36.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.16. The firm had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company’s revenue was up 9.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.25 earnings per share. research analysts expect that Time Warner Inc will post 7.67 EPS for the current fiscal year.
In related news, Director William P. Barr sold 4,019 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $97.20, for a total transaction of $390,646.80. Following the completion of the sale, the director now owns 44,959 shares in the company, valued at $4,370,014.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of the company’s 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 disclosure for this sale can be found here. In 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 company insiders.
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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