Valley National Advisers Inc. continued to hold its stake in Time Warner Inc. (NYSE:TWX) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,715 shares of the media conglomerate’s stock at the end of the 2nd quarter. Valley National Advisers Inc.’s holdings in Time Warner were worth $172,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently made changes to their positions in TWX. Waldron LP increased its position in shares of Time Warner by 137.7% during the first quarter. Waldron LP now owns 5,340 shares of the media conglomerate’s stock worth $508,000 after acquiring an additional 3,093 shares during the period. Affinity Investment Advisors LLC purchased a new position in Time Warner in the first quarter valued at $274,000. BTC Capital Management Inc. increased its holdings in Time Warner by 2.4% in the first quarter. BTC Capital Management Inc. now owns 10,392 shares of the media conglomerate’s stock valued at $1,011,000 after buying an additional 240 shares during the last quarter. WealthTrust Axiom LLC increased its holdings in Time Warner by 0.4% in the first quarter. WealthTrust Axiom LLC now owns 23,057 shares of the media conglomerate’s stock valued at $2,252,000 after buying an additional 100 shares during the last quarter. Finally, Security National Trust Co. increased its holdings in Time Warner by 56.0% in the first quarter. Security National Trust Co. now owns 2,069 shares of the media conglomerate’s stock valued at $202,000 after buying an additional 743 shares during the last quarter. 79.16% of the stock is currently owned by institutional investors.
Shares of Time Warner Inc. (NYSE TWX) opened at 102.40 on Friday. Time Warner Inc. has a 1-year low of $74.68 and a 1-year high of $103.34. The company’s 50-day moving average is $101.65 and its 200 day moving average is $99.76. The stock has a market cap of $79.65 billion, a P/E ratio of 19.00 and a beta of 1.04.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. Equities research analysts anticipate that Time Warner Inc. will post $6.10 EPS for the current year.
Several equities analysts have issued reports on TWX shares. Credit Suisse Group downgraded shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price objective for the company. in a research note on Monday, September 18th. BMO Capital Markets restated a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Wednesday, September 13th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Time Warner in a research note on Tuesday, September 12th. Jefferies Group LLC reiterated a “hold” rating and set a $105.00 target price on shares of Time Warner in a research note on Sunday, September 10th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Tuesday, August 15th. One research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $102.91.
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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.
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