Investors bought shares of Time Warner Inc. (NYSE:TWX) on weakness during trading hours on Friday. $51.75 million flowed into the stock on the tick-up and $35.33 million flowed out of the stock on the tick-down, for a money net flow of $16.42 million into the stock. Of all companies tracked, Time Warner had the 25th highest net in-flow for the day. Time Warner traded down ($0.03) for the day and closed at $80.80

TWX has been the subject of a number of research analyst reports. Vetr cut shares of Time Warner from a “strong-buy” rating to a “buy” rating and set a $81.12 price objective for the company. in a research report on Tuesday, May 24th. Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $84.00 target price on the stock in a report on Monday, May 9th. Guggenheim reiterated a “buy” rating and set a $86.00 target price on shares of Time Warner in a report on Friday, May 6th. Goldman Sachs Group Inc. increased their target price on shares of Time Warner from $81.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Finally, MKM Partners increased their target price on shares of Time Warner from $78.00 to $86.00 and gave the stock a “buy” rating in a 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 presently has a consensus rating of “Buy” and a consensus target price of $86.24.

The firm’s 50-day moving average price is $78.24 and its 200-day moving average price is $73.40. The stock has a market capitalization of $62.85 billion and a price-to-earnings ratio of 16.08.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. The firm had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the company posted $1.25 EPS. The firm’s revenue was down 5.4% on a year-over-year basis. On average, equities research analysts forecast that Time Warner Inc. will post $5.42 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be given a $0.4025 dividend. The ex-dividend date is Monday, August 29th. This represents a $1.61 dividend on an annualized basis and a yield of 1.99%.

In related news, Director Kenneth J. Novack sold 8,400 shares of the stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $74.61, for a total value of $626,724.00. Following the completion of the transaction, the director now owns 9,031 shares in the company, valued at approximately $673,802.91. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Kenneth J. Novack sold 15,706 shares of the stock in a transaction dated Wednesday, June 8th. The shares were sold at an average price of $75.48, for a total transaction of $1,185,488.88. Following the completion of the transaction, the director now owns 17,431 shares of the company’s stock, valued at approximately $1,315,691.88. The disclosure for this sale can be found here.

A number of institutional investors recently made changes to their positions in TWX. Victory Capital Management Inc. raised 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 worth $1,362,000 after buying an additional 11,011 shares in the last quarter. Suntrust Banks Inc. raised its position in shares of Time Warner by 78.4% in the fourth quarter. Suntrust Banks Inc. now owns 24,734 shares of the media conglomerate’s stock worth $1,598,000 after buying an additional 10,871 shares in the last quarter. American International Group Inc. raised its position in shares of Time Warner by 6.6% in the fourth quarter. American International Group Inc. now owns 366,860 shares of the media conglomerate’s stock worth $23,724,000 after buying an additional 22,656 shares in the last quarter. I.G. Investment Management LTD. raised its position in shares of Time Warner by 164.5% in the fourth quarter. I.G. Investment Management LTD. now owns 447,433 shares of the media conglomerate’s stock worth $28,935,000 after buying an additional 278,252 shares in the last quarter. Finally, Schwab Charles Investment Management Inc. raised its position in shares of Time Warner by 4.6% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,379,485 shares of the media conglomerate’s stock worth $153,882,000 after buying an additional 104,773 shares in 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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