WBI Investments Inc. Lowers Holdings in Time Warner Inc. (TWX)

WBI Investments Inc. reduced its holdings in shares of Time Warner Inc. (NYSE:TWX) by 50.6% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 35,595 shares of the media conglomerate’s stock after selling 36,506 shares during the period. WBI Investments Inc.’s holdings in Time Warner were worth $3,574,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of TWX. Jacobi Capital Management LLC boosted its holdings in shares of Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after acquiring an additional 20 shares in the last quarter. Bellwether Investment Group LLC boosted its holdings in Time Warner by 15.6% during the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in Time Warner by 9.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after buying an additional 100 shares in the last quarter. Motco purchased a new stake in Time Warner during the second quarter worth about $129,000. Finally, Archford Capital Strategies LLC boosted its holdings in Time Warner by 43.5% during the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock worth $155,000 after buying an additional 481 shares in the last quarter. 79.19% of the stock is currently owned by institutional investors.

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Shares of Time Warner Inc. (NYSE:TWX) opened at 102.40 on Monday. The firm’s 50-day moving average is $101.65 and its 200 day moving average is $99.76. Time Warner Inc. has a 1-year low of $75.68 and a 1-year high of $103.34. The stock has a market capitalization of $79.65 billion, a P/E ratio of 19.00 and a beta of 1.04.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion for 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% on a year-over-year basis. During the same quarter last year, the firm earned $1.29 earnings per share. On average, analysts expect that Time Warner Inc. will post $6.10 EPS for the current fiscal year.

A number of analysts recently commented on the stock. Barclays PLC downgraded shares of Time Warner from an “overweight” rating to an “equal weight” rating and boosted their price objective for the stock from $95.00 to $107.00 in a report on Friday, August 4th. BidaskClub cut shares of Time Warner from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Royal Bank Of Canada restated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research report on Friday, July 14th. Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price for the company. in a research report on Monday, August 7th. Finally, Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Thursday, July 13th. One research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $102.91.

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.

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

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