Private Trust Co. NA cut its stake in shares of Time Warner Inc. (NYSE:TWX) by 56.4% during the second quarter, Holdings Channel reports. The institutional investor owned 2,531 shares of the media conglomerate’s stock after selling 3,278 shares during the period. Private Trust Co. NA’s holdings in Time Warner were worth $254,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in TWX. First Bank & Trust boosted 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 boosted 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 boosted 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 boosted 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, Conservest Capital Advisors Inc. boosted its position in Time Warner by 0.4% in the second quarter. Conservest Capital Advisors Inc. now owns 7,857 shares of the media conglomerate’s stock valued at $789,000 after buying an additional 31 shares in the last quarter. 78.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Time Warner Inc. (NYSE:TWX) traded up 0.388% during mid-day trading on Monday, reaching $102.295. 746,201 shares of the company’s stock were exchanged. The firm has a market cap of $79.57 billion, a P/E ratio of 18.979 and a beta of 1.05. Time Warner Inc. has a 52-week low of $74.27 and a 52-week high of $103.34. The company has a 50 day moving average price of $100.86 and a 200 day moving average price of $98.86.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 EPS. Analysts forecast that Time Warner Inc. will post $6.09 earnings per share for the current fiscal year.

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

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Several research analysts have weighed in on the stock. BidaskClub cut shares of Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Barclays PLC cut shares of Time Warner from an “overweight” rating to an “equal weight” rating and increased their price target for the company from $95.00 to $107.00 in a report on Friday, August 4th. MKM Partners reissued a “neutral” rating and issued a $107.50 price target (up from $90.00) on shares of Time Warner in a report on Monday, May 1st. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Friday, July 14th. Finally, Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target on the stock. in a report on Monday, August 7th. One research 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 stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.25.

In other news, CFO Howard M. Averill purchased 255 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of $99.67 per share, with a total value of $25,415.85. Following the transaction, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

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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