FineMark National Bank & Trust cut its stake in shares of Time Warner Inc. (NYSE:TWX) by 0.7% during the second quarter, Holdings Channel reports. The institutional investor owned 6,494 shares of the media conglomerate’s stock after selling 45 shares during the period. FineMark National Bank & Trust’s holdings in Time Warner were worth $652,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in TWX. First Bank & Trust raised its position in Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock valued at $332,000 after buying an additional 9 shares in the last quarter. Stillwater Investment Management LLC raised its position in Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after buying an additional 9 shares in the last quarter. Park National Corp OH raised its position in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares in the last quarter. Integrated Wealth Management raised its position in Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock valued at $209,000 after buying an additional 17 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in Time Warner by 1.1% in the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock valued at $278,000 after buying an additional 30 shares in the last quarter. 78.76% of the stock is currently owned by institutional investors and hedge funds.

Shares of Time Warner Inc. (NYSE:TWX) opened at 102.29 on Tuesday. The stock has a 50 day moving average price of $100.94 and a 200-day moving average price of $98.94. Time Warner Inc. has a one year low of $74.27 and a one year high of $103.34. The company has a market capitalization of $79.56 billion, a P/E ratio of 18.98 and a beta of 1.05.

Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping the Zacks’ 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 during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter last year, the company earned $1.29 EPS. The company’s quarterly revenue was up 5.4% on a year-over-year basis. Equities research analysts predict that Time Warner Inc. will post $6.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a $0.4025 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.57%. Time Warner’s dividend payout ratio is currently 29.98%.

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Several research firms have recently weighed in on TWX. BidaskClub lowered Time Warner from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Barclays PLC lowered Time Warner from an “overweight” rating to an “equal weight” rating and lifted their price objective for the company from $95.00 to $107.00 in a research note on Friday, August 4th. MKM Partners reaffirmed a “neutral” rating and issued a $107.50 price objective (up from $90.00) on shares of Time Warner in a research note on Monday, May 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Friday, July 14th. Finally, Evercore ISI lowered Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a research note on Monday, August 7th. One research analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. Time Warner currently has a consensus rating of “Hold” and an average price target of $102.25.

In other news, CFO Howard M. Averill acquired 255 shares of Time Warner stock in a transaction on Thursday, June 15th. The stock was bought at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the transaction, the chief financial officer now owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. 0.16% of the stock is currently owned by company insiders.

About Time Warner

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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