Genesee Valley Trust Co. raised its stake in Time Warner Inc. (NYSE:TWX) by 1.1% during the second quarter, Holdings Channel reports. The institutional investor owned 6,377 shares of the media conglomerate’s stock after buying an additional 68 shares during the period. Genesee Valley Trust Co.’s holdings in Time Warner were worth $469,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of TWX. Capstone Asset Management Co. boosted its position in Time Warner by 3.2% in the first quarter. Capstone Asset Management Co. now owns 53,490 shares of the media conglomerate’s stock valued at $3,881,000 after buying an additional 1,670 shares in the last quarter. CrestPoint Capital Management LLC boosted its position in Time Warner by 77.6% in the first quarter. CrestPoint Capital Management LLC now owns 27,000 shares of the media conglomerate’s stock valued at $1,959,000 after buying an additional 11,800 shares in the last quarter. Fisher Asset Management LLC boosted its position in Time Warner by 3.8% in the first quarter. Fisher Asset Management LLC now owns 13,569 shares of the media conglomerate’s stock valued at $1,011,000 after buying an additional 500 shares in the last quarter. Fox Run Management L.L.C. boosted its position in Time Warner by 31.7% in the first quarter. Fox Run Management L.L.C. now owns 8,300 shares of the media conglomerate’s stock valued at $602,000 after buying an additional 2,000 shares in the last quarter. Finally, Narwhal Capital Management boosted its position in Time Warner by 90.8% in the first quarter. Narwhal Capital Management now owns 20,705 shares of the media conglomerate’s stock valued at $1,502,000 after buying an additional 9,855 shares in the last quarter. Hedge funds and other institutional investors own 80.68% of the company’s stock.

Shares of Time Warner Inc. (NYSE:TWX) traded up 1.67% during mid-day trading on Wednesday, reaching $76.66. The company’s stock had a trading volume of 4,840,753 shares. Time Warner Inc. has a one year low of $55.53 and a one year high of $81.33. The stock has a market cap of $59.63 billion, a P/E ratio of 15.25 and a beta of 1.18. The stock has a 50 day moving average of $78.69 and a 200-day moving average of $75.30.

Time Warner (NYSE:TWX) last released its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.13. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The business had revenue of $7 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same period last year, the company posted $1.25 EPS. The business’s revenue was down 5.4% on a year-over-year basis. On average, equities research analysts expect that Time Warner Inc. will post $5.42 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 2.10%. The ex-dividend date of this dividend was Monday, August 29th. Time Warner’s dividend payout ratio (DPR) is 32.01%.

TWX has been the subject of several recent analyst reports. Vetr cut Time Warner from a “strong-buy” rating to a “buy” rating and set a $81.12 price target for the company. in a research note on Tuesday, May 24th. Credit Suisse Group AG restated a “buy” rating on shares of Time Warner in a research note on Tuesday, May 24th. Albert Fried & Company reaffirmed a “buy” rating and issued a $90.00 price objective on shares of Time Warner in a report on Thursday, May 26th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Time Warner in a report on Friday, June 17th. Finally, Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Time Warner in a report on Wednesday, July 6th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $86.17.

In other news, EVP Paul T. Cappuccio sold 56,595 shares of Time Warner stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the sale, the executive vice president now owns 157,877 shares of the company’s stock, valued at approximately $12,352,296.48. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Karen Magee sold 14,240 shares of Time Warner stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the sale, the insider now directly owns 7,461 shares in the company, valued at approximately $596,656.17. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by company 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.

5 Day Chart for NYSE:TWX

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