Brown Advisory Inc. boosted its position in Time Warner Inc. (NYSE:TWX) by 2.1% during the second quarter, Holdings Channel reports. The institutional investor owned 54,811 shares of the media conglomerate’s stock after buying an additional 1,144 shares during the period. Brown Advisory Inc.’s holdings in Time Warner were worth $4,031,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the company. Bank of New York Mellon Corp raised its position in Time Warner by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 12,324,835 shares of the media conglomerate’s stock worth $906,367,000 after buying an additional 193,231 shares in the last quarter. Dimensional Fund Advisors LP raised its position in Time Warner by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,940,308 shares of the media conglomerate’s stock worth $657,390,000 after buying an additional 36,942 shares in the last quarter. TIAA CREF Investment Management LLC raised its position in Time Warner by 4.9% in the first quarter. TIAA CREF Investment Management LLC now owns 8,335,797 shares of the media conglomerate’s stock worth $604,762,000 after buying an additional 390,999 shares in the last quarter. Independent Franchise Partners LLP raised its position in Time Warner by 3.4% in the second quarter. Independent Franchise Partners LLP now owns 8,174,133 shares of the media conglomerate’s stock worth $601,125,000 after buying an additional 269,450 shares in the last quarter. Finally, Geode Capital Management LLC raised its position in Time Warner by 0.5% in the first quarter. Geode Capital Management LLC now owns 6,398,087 shares of the media conglomerate’s stock worth $463,236,000 after buying an additional 34,327 shares in the last quarter. 80.68% of the stock is owned by hedge funds and other institutional investors.

Time Warner Inc. (NYSE:TWX) traded up 0.550% on Wednesday, hitting $75.815. 1,239,308 shares of the stock traded hands. The stock has a market cap of $58.97 billion, a price-to-earnings ratio of 15.085 and a beta of 1.18. Time Warner Inc. has a 52 week low of $55.53 and a 52 week high of $81.33. The firm’s 50 day moving average is $78.66 and its 200 day moving average is $75.29.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share (EPS) for the quarter, topping 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 company earned $7 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the firm earned $1.25 earnings per share. The firm’s revenue was down 5.4% compared to the same quarter last year. Equities analysts anticipate that Time Warner Inc. will post $5.42 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 2.14%. The ex-dividend date was Monday, August 29th. Time Warner’s dividend payout ratio is 32.01%.

TWX has been the subject of a number of recent analyst reports. Brean Capital reaffirmed a “buy” rating on shares of Time Warner in a research note on Tuesday, July 26th. Jefferies Group reaffirmed a “buy” rating on shares of Time Warner in a research note on Thursday, August 25th. Vetr lowered shares of Time Warner from a “strong-buy” rating to a “buy” rating and set a $84.06 price objective for the company. in a research note on Thursday, July 7th. Wunderlich decreased their price objective on shares of Time Warner from $106.00 to $95.00 and set a “buy” rating for the company in a research note on Thursday, August 4th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Time Warner in a research note on Tuesday, May 24th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $86.17.

In related news, EVP Paul T. Cappuccio sold 56,595 shares of the stock in a transaction 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 completion of the transaction, the executive vice president now owns 157,877 shares in the company, valued at $12,352,296.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Karen Magee sold 14,240 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the transaction, the insider now owns 7,461 shares of the company’s stock, valued at approximately $596,656.17. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

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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