Genesee Valley Trust Co. boosted its stake in shares of Time Warner Inc. (NYSE:TWX) by 1.1% during the second quarter, Holdings Channel reports. The fund 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 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in TWX. First Manhattan Co. raised its stake in Time Warner by 17.8% in the first quarter. First Manhattan Co. now owns 864,485 shares of the media conglomerate’s stock valued at $62,718,000 after buying an additional 130,730 shares during the last quarter. Quantitative Systematic Strategies LLC raised its stake in Time Warner by 239.1% in the first quarter. Quantitative Systematic Strategies LLC now owns 21,389 shares of the media conglomerate’s stock valued at $1,554,000 after buying an additional 15,081 shares during the last quarter. Vicus Capital raised its stake in Time Warner by 0.3% in the first quarter. Vicus Capital now owns 21,489 shares of the media conglomerate’s stock valued at $1,559,000 after buying an additional 73 shares during the last quarter. PGGM Investments raised its stake in Time Warner by 2.5% in the first quarter. PGGM Investments now owns 546,366 shares of the media conglomerate’s stock valued at $39,639,000 after buying an additional 13,262 shares during the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its stake in Time Warner by 2.1% in the first quarter. Murphy Pohlad Asset Management LLC now owns 28,091 shares of the media conglomerate’s stock valued at $2,038,000 after buying an additional 580 shares during the last quarter. 80.68% of the stock is currently owned by hedge funds and other institutional investors.

Time Warner Inc. (NYSE:TWX) traded up 1.67% during mid-day trading on Wednesday, hitting $76.66. 4,840,753 shares of the stock traded hands. Time Warner Inc. has a 12-month low of $55.53 and a 12-month high of $81.33. The stock has a 50 day moving average price of $78.69 and a 200 day moving average price of $75.30. The firm has a market cap of $59.63 billion, a PE ratio of 15.25 and a beta of 1.18.

Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 EPS for the quarter, beating the Thomson Reuters’ 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 earned $7 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same period in the previous year, the business posted $1.25 EPS. The company’s quarterly revenue was down 5.4% on a year-over-year basis. On average, analysts expect that Time Warner Inc. will post $5.42 earnings per share for the current fiscal year.

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

Several research firms have recently commented on TWX. Albert Fried & Company reaffirmed a “buy” rating and set a $90.00 price target on shares of Time Warner in a research report on Wednesday, August 17th. Loop Capital reissued a “buy” rating and issued a $96.00 target price on shares of Time Warner in a research report on Wednesday, August 17th. Credit Suisse Group AG reissued a “buy” rating and issued a $90.00 target price on shares of Time Warner in a research report on Friday, August 12th. Jefferies Group reissued a “buy” rating on shares of Time Warner in a research report on Thursday, August 25th. Finally, Argus reissued a “buy” rating on shares of Time Warner in a research report on Friday, August 5th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-five have issued a buy rating and one has given a strong buy rating to the stock. Time Warner has an average rating of “Buy” and an average price target of $86.17.

In related news, insider Karen Magee sold 14,240 shares of Time Warner stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $79.97, for a total value 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 sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, EVP Paul T. Cappuccio sold 56,595 shares of Time Warner stock in a transaction dated 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 completion of the sale, the executive vice president now owns 157,877 shares in the company, valued at $12,352,296.48. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by 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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