Investors purchased shares of Time Warner Inc. (NYSE:TWX) on weakness during trading hours on Friday. $90.73 million flowed into the stock on the tick-up and $36.59 million flowed out of the stock on the tick-down, for a money net flow of $54.14 million into the stock. Of all equities tracked, Time Warner had the 19th highest net in-flow for the day. Time Warner traded down ($0.97) for the day and closed at $76.65

A number of research firms have recently weighed in on TWX. Wedbush boosted their price objective on shares of Time Warner from $82.00 to $88.00 and gave the company an “outperform” rating in a research report on Friday. Brean Capital reissued a “buy” rating on shares of Time Warner in a research report on Tuesday, July 26th. Zacks Investment Research downgraded shares of Time Warner from a “hold” rating to a “sell” rating in a report on Tuesday, July 26th. FBR & Co downgraded shares of Time Warner from an “outperform” rating to a “market perform” rating and set a $81.00 target price for the company. in a report on Tuesday, July 26th. Finally, MKM Partners restated a “buy” rating on shares of Time Warner in a report on Monday, July 18th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating and twenty-five have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $85.10.

The firm has a 50 day moving average price of $75.17 and a 200 day moving average price of $72.46. The firm has a market cap of $60.28 billion and a P/E ratio of 15.38.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, May 4th. The media conglomerate reported $1.49 EPS for the quarter, beating the consensus estimate of $1.30 by $0.19. The company had revenue of $7.30 billion for the quarter, compared to analyst estimates of $7.33 billion. During the same quarter last year, the business earned $1.19 EPS. The company’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that Time Warner Inc. will post $5.39 EPS for the current fiscal year.

In other Time Warner news, Director Stephen F. Bollenbach sold 8,038 shares of the stock in a transaction that occurred on Monday, May 9th. The stock was sold at an average price of $74.23, for a total transaction of $596,660.74. Following the transaction, the director now owns 31,297 shares in the company, valued at $2,323,176.31. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey L. Bewkes sold 272,710 shares of the stock in a transaction that occurred on Monday, May 9th. The shares were sold at an average price of $74.26, for a total value of $20,251,444.60. Following the transaction, the chief executive officer now owns 354,823 shares in the company, valued at approximately $26,349,155.98. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in the stock. Victory Capital Management Inc. increased its position in shares of Time Warner by 109.6% in the fourth quarter. Victory Capital Management Inc. now owns 21,057 shares of the media conglomerate’s stock valued at $1,362,000 after buying an additional 11,011 shares during the period. Mitsubishi UFJ Kokusai Asset Management CO. LTD. increased its position in shares of Time Warner by 4.9% in the fourth quarter. Mitsubishi UFJ Kokusai Asset Management CO. LTD. now owns 108,131 shares of the media conglomerate’s stock valued at $6,993,000 after buying an additional 5,049 shares during the period. TSP Capital Management Group LLC increased its position in shares of Time Warner by 5.1% in the fourth quarter. TSP Capital Management Group LLC now owns 24,748 shares of the media conglomerate’s stock valued at $1,600,000 after buying an additional 1,200 shares during the period. Cowen Group Inc. bought a new position in shares of Time Warner during the fourth quarter valued at approximately $1,122,000. Finally, Bank of Montreal Can increased its position in shares of Time Warner by 382.6% in the fourth quarter. Bank of Montreal Can now owns 1,762,973 shares of the media conglomerate’s stock valued at $114,010,000 after buying an additional 1,397,687 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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