Investors purchased shares of Time Warner Inc. (NYSE:TWX) on weakness during trading hours on Thursday. $65.76 million flowed into the stock on the tick-up and $37.06 million flowed out of the stock on the tick-down, for a money net flow of $28.70 million into the stock. Of all companies tracked, Time Warner had the 14th highest net in-flow for the day. Time Warner traded down ($0.22) for the day and closed at $80.83

TWX has been the topic of several research reports. Vetr lowered shares of Time Warner from a “strong-buy” rating to a “buy” rating and set a $81.12 price objective on the stock. in a research report on Tuesday, May 24th. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $84.00 price objective on the stock in a research report on Monday, May 9th. Guggenheim reaffirmed a “buy” rating and issued a $86.00 price objective on shares of Time Warner in a research report on Friday, May 6th. Goldman Sachs Group Inc. lifted their price objective on shares of Time Warner from $81.00 to $87.00 and gave the stock a “buy” rating in a research report on Thursday, May 5th. Finally, MKM Partners lifted their price objective on shares of Time Warner from $78.00 to $86.00 and gave the stock a “buy” rating in a research report on Thursday, April 28th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating and twenty-seven have given a buy rating to the stock. Time Warner has a consensus rating of “Buy” and an average price target of $86.24.

The firm has a 50 day moving average price of $78.03 and a 200-day moving average price of $73.34. The firm has a market cap of $62.87 billion and a PE ratio of 16.08.

Time Warner (NYSE:TWX) last posted its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. During the same period last year, the business posted $1.25 earnings per share. The business earned $7 billion during the quarter, compared to analysts’ expectations of $7.12 billion. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. On average, analysts anticipate that Time Warner Inc. will post $5.42 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.99%. The ex-dividend date of this dividend is Monday, August 29th.

In other Time Warner news, Director Kenneth J. Novack sold 8,400 shares of Time Warner stock in a transaction on Thursday, June 9th. The shares were sold at an average price of $74.61, for a total transaction of $626,724.00. Following the completion of the transaction, the director now directly owns 9,031 shares of the company’s stock, valued at $673,802.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Gary L. Ginsberg sold 3,000 shares of Time Warner stock in a transaction on Friday, June 3rd. The stock was sold at an average price of $75.79, for a total transaction of $227,370.00. Following the transaction, the executive vice president now directly owns 22,232 shares of the company’s stock, valued at $1,684,963.28. The disclosure for this sale can be found here.

Other hedge funds and institutional investors have recently bought and sold shares of the company. Suntrust Banks Inc. raised its position in Time Warner by 78.4% in the fourth quarter. Suntrust Banks Inc. now owns 24,734 shares of the media conglomerate’s stock valued at $1,598,000 after buying an additional 10,871 shares during the last quarter. Victory Capital Management Inc. raised its position in 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 last quarter. American International Group Inc. raised its position in Time Warner by 6.6% in the fourth quarter. American International Group Inc. now owns 366,860 shares of the media conglomerate’s stock valued at $23,724,000 after buying an additional 22,656 shares during the last quarter. KBC Group NV raised its position in Time Warner by 11.2% in the fourth quarter. KBC Group NV now owns 242,467 shares of the media conglomerate’s stock valued at $15,680,000 after buying an additional 24,415 shares during the last quarter. Finally, Nicholas Co. Inc. WI raised its position in Time Warner by 3.3% in the fourth quarter. Nicholas Co. Inc. WI now owns 1,763,070 shares of the media conglomerate’s stock valued at $114,017,000 after buying an additional 55,760 shares during the last quarter.

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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