Private Advisor Group LLC cut its position in shares of Time Warner Inc. (NYSE:TWX) by 21.2% during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 27,230 shares of the media conglomerate’s stock after selling 7,313 shares during the quarter. Private Advisor Group LLC’s holdings in Time Warner were worth $2,738,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of TWX. Bellwether Investment Group LLC increased its position in shares of Time Warner by 15.6% during the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after purchasing an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in shares of Time Warner by 9.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after purchasing an additional 100 shares during the period. Motco acquired a new position in shares of Time Warner during the 2nd quarter valued at $129,000. Archford Capital Strategies LLC increased its position in shares of Time Warner by 43.5% during the 1st quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock valued at $155,000 after purchasing an additional 481 shares during the period. Finally, City Holding Co. increased its position in shares of Time Warner by 7.7% during the 2nd quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock valued at $172,000 after purchasing an additional 123 shares during the period. Institutional investors own 79.16% of the company’s stock.
Time Warner Inc. (NYSE:TWX) opened at 102.49 on Friday. The company has a market capitalization of $79.72 billion, a price-to-earnings ratio of 19.01 and a beta of 1.04. Time Warner Inc. has a 12-month low of $74.68 and a 12-month high of $103.34. The firm’s 50-day moving average price is $101.65 and its 200 day moving average price is $99.76.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.29 EPS. On average, equities research analysts expect that Time Warner Inc. will post $6.10 EPS for the current fiscal year.
TWX has been the topic of several research analyst reports. BidaskClub cut Time Warner from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research report on Thursday, July 13th. Barclays PLC cut Time Warner from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $95.00 to $107.00 in a report on Friday, August 4th. Jefferies Group LLC restated a “hold” rating and issued a $105.00 target price (up from $102.42) on shares of Time Warner in a report on Sunday, July 30th. Finally, Royal Bank Of Canada restated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have assigned a buy rating to the company. Time Warner has a consensus rating of “Hold” and a consensus target price of $102.91.
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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 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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