Macguire Cheswick & Tuttle Investment Counsel LLC Reduces Stake in Time Warner Inc. (TWX)

Macguire Cheswick & Tuttle Investment Counsel LLC lessened its stake in Time Warner Inc. (NYSE:TWX) by 78.3% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 26,226 shares of the media conglomerate’s stock after selling 94,445 shares during the period. Macguire Cheswick & Tuttle Investment Counsel LLC’s holdings in Time Warner were worth $2,633,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. Grisanti Capital Management LLC grew its stake in shares of Time Warner by 15.8% in the second quarter. Grisanti Capital Management LLC now owns 131,435 shares of the media conglomerate’s stock worth $13,197,000 after acquiring an additional 17,935 shares in the last quarter. Sigma Planning Corp grew its stake in shares of Time Warner by 13.3% in the second quarter. Sigma Planning Corp now owns 2,980 shares of the media conglomerate’s stock worth $299,000 after acquiring an additional 349 shares in the last quarter. Rhumbline Advisers grew its stake in shares of Time Warner by 3.3% in the second quarter. Rhumbline Advisers now owns 1,342,805 shares of the media conglomerate’s stock worth $134,831,000 after acquiring an additional 43,125 shares in the last quarter. DekaBank Deutsche Girozentrale grew its stake in shares of Time Warner by 2.3% in the second quarter. DekaBank Deutsche Girozentrale now owns 952,266 shares of the media conglomerate’s stock worth $95,328,000 after acquiring an additional 21,700 shares in the last quarter. Finally, Arizona State Retirement System grew its stake in shares of Time Warner by 14.2% in the second quarter. Arizona State Retirement System now owns 218,998 shares of the media conglomerate’s stock worth $21,990,000 after acquiring an additional 27,262 shares in the last quarter. Hedge funds and other institutional investors own 79.29% of the company’s stock.

Shares of Time Warner Inc. (NYSE:TWX) opened at 101.87 on Friday. The firm has a market cap of $79.23 billion, a price-to-earnings ratio of 18.90 and a beta of 1.04. Time Warner Inc. has a 52-week low of $74.68 and a 52-week high of $103.34. The stock has a 50 day moving average of $101.66 and a 200 day moving average of $99.70.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. Time Warner’s revenue was up 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.29 EPS. Equities analysts predict that Time Warner Inc. will post $6.10 EPS for the current fiscal year.

Several research firms have recently issued reports on TWX. Royal Bank Of Canada set a $108.00 price objective on shares of Time Warner and gave the stock a “hold” rating in a research report on Monday, June 12th. Jefferies Group LLC cut shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Thursday, August 3rd. Morgan Stanley reissued an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, twenty-six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $102.25.

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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.

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

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