Public Sector Pension investment Board lessened its position in shares of Time Warner Inc. (NYSE:TWX) by 2.1% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 588,540 shares of the media conglomerate’s stock after selling 12,700 shares during the quarter. Time Warner accounts for 0.5% of Public Sector Pension investment Board’s portfolio, making the stock its 27th biggest holding. Public Sector Pension investment Board owned 0.08% of Time Warner worth $59,095,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the stock. Stillwater Investment Management LLC increased its position in Time Warner by 0.4% during the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after acquiring an additional 9 shares during the last quarter. Park National Corp OH increased its position in Time Warner by 0.6% during the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after acquiring an additional 14 shares during the last quarter. Jacobi Capital Management LLC increased its position in Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after acquiring an additional 20 shares during the last quarter. North Star Investment Management Corp. increased its position in Time Warner by 1.1% during the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock valued at $278,000 after acquiring an additional 30 shares during the last quarter. Finally, Conservest Capital Advisors Inc. increased its position in Time Warner by 0.4% during the second quarter. Conservest Capital Advisors Inc. now owns 7,857 shares of the media conglomerate’s stock valued at $789,000 after acquiring an additional 31 shares during the last quarter. Institutional investors own 79.19% of the company’s stock.

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Shares of Time Warner Inc. (TWX) opened at 102.45 on Friday. Time Warner Inc. has a 12 month low of $75.68 and a 12 month high of $103.34. The stock has a market capitalization of $79.69 billion, a P/E ratio of 19.01 and a beta of 1.04. The firm’s 50-day moving average price is $101.65 and its 200-day moving average price is $99.76.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the firm posted $1.29 EPS. Time Warner’s revenue was up 5.4% compared to the same quarter last year. On average, equities research analysts forecast that Time Warner Inc. will post $6.10 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.57%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s payout ratio is 29.98%.

Several research firms have issued reports on TWX. Royal Bank Of Canada set a $108.00 price target on Time Warner and gave the company a “hold” rating in a report on Monday, June 12th. BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Morgan Stanley reissued an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, July 13th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $105.00 price target (up previously from $102.42) on shares of Time Warner in a report on Sunday, July 30th. One research analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $102.91.

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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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