Investors sold shares of Time Warner Inc. (NYSE:TWX) on strength during trading hours on Thursday. $55.88 million flowed into the stock on the tick-up and $78.86 million flowed out of the stock on the tick-down, for a money net flow of $22.98 million out of the stock. Of all companies tracked, Time Warner had the 0th highest net out-flow for the day. Time Warner traded up $1.57 for the day and closed at $76.11

TWX has been the subject of a number of recent research reports. Vetr lowered shares of Time Warner from a “strong-buy” rating to a “buy” rating and set a $84.06 target price for the company. in a report on Thursday. Citigroup Inc. lifted their price objective on shares of Time Warner from $83.00 to $85.00 and gave the stock a “buy” rating in a research note on Tuesday, April 19th. Credit Suisse Group AG reaffirmed a “buy” rating on shares of Time Warner in a research note on Tuesday, May 24th. JPMorgan Chase & Co. lifted their price objective on shares of Time Warner from $79.00 to $84.00 and gave the stock an “overweight” rating in a research note on Monday, April 11th. Finally, KeyCorp lowered shares of Time Warner to an “overweight” rating in a research note on Monday, May 2nd. They noted that the move was a valuation call. Ten investment analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $84.69.

The firm has a market capitalization of $59.85 billion and a price-to-earnings ratio of 15.27. The firm has a 50-day moving average of $73.56 and a 200 day moving average of $71.15.

Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, May 4th. The media conglomerate reported $1.49 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.19. The business had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.33 billion. During the same period last year, the business posted $1.19 EPS. Time Warner’s revenue was up 2.5% on a year-over-year basis. On average, analysts anticipate that Time Warner Inc. will post $5.38 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 2.12%. The ex-dividend date of this dividend was Thursday, May 26th.

In other news, EVP Gary L. Ginsberg sold 3,000 shares of the firm’s stock in a transaction dated Friday, June 3rd. The stock was sold at an average price of $75.79, for a total transaction of $227,370.00. Following the sale, the executive vice president now owns 22,232 shares of the company’s stock, valued at approximately $1,684,963.28. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen F. Bollenbach sold 8,038 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $74.23, for a total value of $596,660.74. Following the sale, the director now directly owns 31,297 shares in the company, valued at approximately $2,323,176.31. The disclosure for this sale can be found here.

Several large investors have modified their holdings of the company. Auxier Asset Management raised its stake in shares of Time Warner by 0.6% in the fourth quarter. Auxier Asset Management now owns 16,876 shares of the media conglomerate’s stock valued at $1,091,000 after buying an additional 100 shares during the period. Brighton Jones LLC raised its position in Time Warner by 1.5% in the fourth quarter. Brighton Jones LLC now owns 15,840 shares of the media conglomerate’s stock valued at $1,024,000 after buying an additional 237 shares during the period. Columbia Asset Management raised its position in Time Warner by 2.9% in the fourth quarter. Columbia Asset Management now owns 20,934 shares of the media conglomerate’s stock valued at $1,354,000 after buying an additional 591 shares during the period. Brown Advisory Inc. raised its position in Time Warner by 1.3% in the fourth quarter. Brown Advisory Inc. now owns 48,135 shares of the media conglomerate’s stock valued at $3,113,000 after buying an additional 598 shares during the period. Finally, Ray Gerald L & Associates Ltd. raised its position in Time Warner by 5.3% in the fourth quarter. Ray Gerald L & Associates Ltd. now owns 17,839 shares of the media conglomerate’s stock valued at $1,154,000 after buying an additional 905 shares during the period.

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.

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