Dodge & Cox Purchased Shares of 32,371,604 Time Warner Inc (TWX)

Dodge & Cox Purchased Shares of 32,371,604 Time Warner Inc (TWX)

Dodge & Cox purchased a new position in shares of Time Warner Inc (NYSE:TWX) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 32,371,604 shares of the media conglomerate’s stock, valued at approximately $3,124,831,000. Time Warner makes up 2.8% of Dodge & Cox’s portfolio, making the stock its 9th largest position.

Other institutional investors have also recently modified their holdings of the company. Schroder Investment Management Group raised its position in shares of Time Warner by 0.6% in the third quarter. Schroder Investment Management Group now owns 138,718 shares of the media conglomerate’s stock worth $11,044,000 after buying an additional 800 shares during the last quarter. Artemis Investment Management LLP raised its position in shares of Time Warner by 105.3% in the fourth quarter. Artemis Investment Management LLP now owns 408,213 shares of the media conglomerate’s stock worth $39,456,000 after buying an additional 209,387 shares during the last quarter. LSV Asset Management raised its position in shares of Time Warner by 11.8% in the third quarter. LSV Asset Management now owns 486,831 shares of the media conglomerate’s stock worth $38,756,000 after buying an additional 51,299 shares during the last quarter. State Treasurer State of Michigan raised its position in shares of Time Warner by 121.4% in the third quarter. State Treasurer State of Michigan now owns 604,803 shares of the media conglomerate’s stock worth $48,148,000 after buying an additional 331,600 shares during the last quarter. Finally, DekaBank Deutsche Girozentrale raised its position in shares of Time Warner by 11.0% in the third quarter. DekaBank Deutsche Girozentrale now owns 997,631 shares of the media conglomerate’s stock worth $78,449,000 after buying an additional 99,161 shares during the last quarter. 79.34% of the stock is owned by hedge funds and other institutional investors.

Time Warner Inc (NYSE:TWX) opened at 98.35 on Tuesday. The firm’s 50-day moving average is $97.33 and its 200 day moving average is $89.96. Time Warner Inc has a 52-week low of $68.97 and a 52-week high of $99.29. The firm has a market capitalization of $76.16 billion, a P/E ratio of 19.85 and a beta of 1.09.

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

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 15th. Stockholders of record on Tuesday, February 28th were issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.64%. The ex-dividend date of this dividend was Friday, February 24th. Time Warner’s dividend payout ratio (DPR) is 32.59%.

A number of equities research analysts have recently commented on TWX shares. Moffett Nathanson upgraded Time Warner from a “neutral” rating to a “buy” rating and set a $100.00 price objective for the company in a research report on Tuesday, December 6th. FBR & Co increased their price objective on Time Warner from $104.00 to $107.50 and gave the company an “outperform” rating in a research report on Thursday, December 22nd. Loop Capital downgraded Time Warner from a “buy” rating to a “hold” rating and set a $107.50 price objective for the company. in a research report on Thursday, March 2nd. Brean Capital downgraded Time Warner from a “buy” rating to a “hold” rating in a research report on Thursday, December 29th. Finally, Wunderlich reiterated a “buy” rating and set a $107.50 price objective on shares of Time Warner in a research report on Thursday, January 19th. One investment analyst has rated the stock with a sell rating, twenty-one have given a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. Time Warner currently has an average rating of “Hold” and a consensus price target of $97.55.

In other news, Chairman Jeffrey L. Bewkes sold 172,932 shares of the business’s stock in a transaction on 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 transaction, the chairman now owns 699,379 shares of the company’s stock, valued at approximately $67,413,141.81. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.16% of the stock is owned by 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.

Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc (NYSE:TWX).

Related posts

Leave a Comment