Private Wealth Partners LLC decreased its position in shares of Time Warner Inc. (NYSE:TWX) by 31.3% during the second quarter, Holdings Channel reports. The firm owned 109,610 shares of the media conglomerate’s stock after selling 49,989 shares during the period. Time Warner accounts for about 2.4% of Private Wealth Partners LLC’s investment portfolio, making the stock its 14th largest position. Private Wealth Partners LLC’s holdings in Time Warner were worth $11,006,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the stock. Bellwether Investment Group LLC increased its stake in shares of Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in shares of Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares during the last quarter. Advisory Services Network LLC bought a new stake in shares of Time Warner during the first quarter valued at $138,000. Finally, Archford Capital Strategies LLC increased its stake in shares of Time Warner by 43.5% in the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock valued at $155,000 after buying an additional 481 shares during the last quarter. 80.02% of the stock is owned by hedge funds and other institutional investors.

Time Warner Inc. (TWX) opened at 101.90 on Friday. Time Warner Inc. has a 12-month low of $74.27 and a 12-month high of $103.34. The company has a market capitalization of $79.26 billion, a price-to-earnings ratio of 18.91 and a beta of 1.05. The stock’s 50 day moving average price is $100.86 and its 200 day moving average price is $98.86.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. The firm 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 company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.29 earnings per share. On average, equities research analysts anticipate that Time Warner Inc. will post $6.09 earnings per share for the current fiscal year.

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

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Several equities research analysts have recently weighed in on TWX shares. BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research report on Monday, April 17th. Pivotal Research downgraded Time Warner from a “buy” rating to a “hold” rating and upped their target price for the stock from $100.00 to $107.50 in a research report on Thursday, April 20th. MKM Partners reaffirmed a “neutral” rating and issued a $107.50 target price (up previously from $90.00) on shares of Time Warner in a research report on Monday, May 1st. Rosenblatt Securities reaffirmed a “neutral” rating and issued a $105.00 target price on shares of Time Warner in a research report on Wednesday, May 3rd. Finally, Jefferies Group LLC reaffirmed a “buy” rating and issued a $105.00 target price on shares of Time Warner in a research report on Monday, May 22nd. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $102.25.

In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was purchased at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the purchase, the chief financial officer now directly owns 63,399 shares in the company, valued at $6,318,978.33. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.16% of the stock is owned by company insiders.

Time Warner Company Profile

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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