Axa decreased its stake in shares of Time Warner Inc. (NYSE:TWX) by 6.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 180,148 shares of the media conglomerate’s stock after selling 13,386 shares during the period. Axa’s holdings in Time Warner were worth $18,089,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Bellwether Investment Group LLC grew its position in 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 purchasing an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in 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 purchasing an additional 100 shares in the last quarter. Motco bought a new position in Time Warner in the second quarter valued at $129,000. Archford Capital Strategies LLC grew its position in 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 purchasing an additional 481 shares in the last quarter. Finally, City Holding Co. grew its position in Time Warner by 7.7% in the second quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock valued at $172,000 after purchasing an additional 123 shares in the last quarter. 79.16% of the stock is owned by institutional investors.

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TWX has been the subject of a number of analyst reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Credit Suisse Group downgraded shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a research report on Monday, September 18th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Time Warner in a research report on Tuesday, September 12th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $105.00 target price on shares of Time Warner in a research report on Sunday, September 10th. Finally, Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $102.91.

Shares of Time Warner Inc. (TWX) opened at 102.40 on Friday. The firm has a 50-day moving average of $101.65 and a 200 day moving average of $99.76. Time Warner Inc. has a 52 week low of $74.68 and a 52 week high of $103.34. The firm has a market cap of $79.65 billion, a PE ratio of 19.00 and a beta of 1.04.

Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate 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 was up 5.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.29 earnings per share. Equities research analysts predict that Time Warner Inc. will post $6.10 EPS for the current fiscal year.

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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