SNS Financial Group LLC Purchases New Stake in Time Warner Inc (TWX)

SNS Financial Group LLC purchased a new position in Time Warner Inc (NYSE:TWX) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 3,278 shares of the media conglomerate’s stock, valued at approximately $316,000.

A number of other institutional investors also recently bought and sold shares of the company. Thompson Siegel & Walmsley LLC increased its position in Time Warner by 0.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,415 shares of the media conglomerate’s stock valued at $137,000 after buying an additional 7 shares during the period. Bremer Trust National Association increased its position in shares of Time Warner by 0.3% in the third quarter. Bremer Trust National Association now owns 3,795 shares of the media conglomerate’s stock worth $302,000 after buying an additional 10 shares during the last quarter. Alpha Windward LLC increased its position in shares of Time Warner by 0.9% in the third quarter. Alpha Windward LLC now owns 2,614 shares of the media conglomerate’s stock worth $208,000 after buying an additional 23 shares during the last quarter. SignalPoint Asset Management LLC increased its position in shares of Time Warner by 0.3% in the third quarter. SignalPoint Asset Management LLC now owns 7,228 shares of the media conglomerate’s stock worth $575,000 after buying an additional 24 shares during the last quarter. Finally, Dorsey & Whitney Trust CO LLC increased its position in shares of Time Warner by 0.9% in the third quarter. Dorsey & Whitney Trust CO LLC now owns 3,997 shares of the media conglomerate’s stock worth $319,000 after buying an additional 37 shares during the last quarter. 79.34% of the stock is currently owned by institutional investors.

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

Shares of Time Warner Inc (NYSE:TWX) opened at 98.56 on Monday. The firm has a market cap of $76.32 billion, a P/E ratio of 19.89 and a beta of 1.09. Time Warner Inc has a 12-month low of $68.97 and a 12-month high of $99.29. The stock’s 50 day moving average price is $97.33 and its 200-day moving average price is $89.96.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, February 8th. The media conglomerate reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.06. Time Warner had a net margin of 13.39% and a return on equity of 19.29%. The business earned $7.90 billion during the quarter, compared to analysts’ expectations of $7.71 billion. During the same period in the prior year, the company earned $1.06 earnings per share. The business’s revenue was up 11.5% compared to the same quarter last year. On average, analysts predict that Time Warner Inc will post $5.95 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were issued a $0.4025 dividend. The ex-dividend date was Friday, February 24th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.63%. Time Warner’s payout ratio is 32.59%.

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A number of analysts have issued reports on the stock. Loop Capital cut shares of Time Warner from a “buy” rating to a “hold” rating and set a $107.50 target price for the company. in a research note on Thursday, March 2nd. Credit Suisse Group AG restated a “buy” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Wednesday, March 1st. Moffett Nathanson cut shares of Time Warner from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 1st. Drexel Hamilton cut shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Thursday, February 9th. They noted that the move was a valuation call. Finally, BMO Capital Markets restated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Thursday, February 9th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Time Warner presently has a consensus rating of “Hold” and a consensus price target of $97.55.

In other news, Chairman Jeffrey L. Bewkes sold 172,932 shares of the company’s stock in a transaction dated Tuesday, February 21st. The shares were sold at an average price of $96.39, for a total value of $16,668,915.48. Following the completion of the sale, the chairman now directly owns 699,379 shares of the company’s stock, valued at $67,413,141.81. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is currently owned by corporate insiders.

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 domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.

5 Day Chart for NYSE:TWX

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