Alexandria Capital LLC cut its position in Time Warner Inc. (NYSE:TWX) by 5.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,329 shares of the media conglomerate’s stock after selling 180 shares during the period. Alexandria Capital LLC’s holdings in Time Warner were worth $334,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Time Warner by 3.7% in the first quarter. Vanguard Group Inc. now owns 48,726,247 shares of the media conglomerate’s stock worth $4,761,042,000 after buying an additional 1,740,936 shares during the period. BlackRock Inc. increased its position in Time Warner by 2,169.2% in the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after buying an additional 40,940,053 shares during the period. State Street Corp increased its position in Time Warner by 2.1% in the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after buying an additional 688,860 shares during the period. FMR LLC increased its position in Time Warner by 0.6% in the first quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock worth $1,165,905,000 after buying an additional 68,625 shares during the period. Finally, Geode Capital Management LLC increased its position in Time Warner by 8.3% in the first quarter. Geode Capital Management LLC now owns 7,281,041 shares of the media conglomerate’s stock worth $710,380,000 after buying an additional 556,674 shares during the period. Institutional investors and hedge funds own 78.76% of the company’s stock.

Time Warner Inc. (NYSE TWX) opened at 101.70 on Wednesday. Time Warner Inc. has a 52-week low of $74.27 and a 52-week high of $103.34. The firm has a market cap of $79.10 billion, a price-to-earnings ratio of 18.87 and a beta of 1.05. The firm has a 50-day moving average of $100.99 and a 200 day moving average of $98.98.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the prior year, the business earned $1.29 earnings per share. Time Warner’s quarterly revenue was up 5.4% on a year-over-year basis. On average, equities research analysts forecast that Time Warner Inc. will post $6.09 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.58%. Time Warner’s payout ratio is 29.98%.

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TWX has been the subject of a number of research reports. BidaskClub downgraded Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research note on Friday, July 14th. Jefferies Group LLC reiterated a “buy” rating and issued a $105.00 price target on shares of Time Warner in a research note on Monday, May 22nd. Cowen and Company reissued a “hold” rating and issued a $107.50 target price on shares of Time Warner in a report on Thursday, August 3rd. Finally, Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price on the stock. in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $102.25.

In related news, CFO Howard M. Averill bought 255 shares of Time Warner stock in a transaction dated Thursday, June 15th. The shares were bought at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the transaction, the chief financial officer now owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate 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 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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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