Modera Wealth Management LLC Holds Holdings in Time Warner Inc. (TWX)
Modera Wealth Management LLC held its stake in Time Warner Inc. (NYSE:TWX) during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,143 shares of the media conglomerate’s stock at the close of the 2nd quarter. Modera Wealth Management LLC’s holdings in Time Warner were worth $215,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Bellwether Investment Group LLC lifted its holdings in shares of Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after acquiring an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Time Warner by 9.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after acquiring an additional 100 shares during the last quarter. Motco bought a new stake in shares of Time Warner in the 2nd quarter worth approximately $129,000. Archford Capital Strategies LLC lifted its holdings in shares of Time Warner by 43.5% in the 1st quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock worth $155,000 after acquiring an additional 481 shares during the last quarter. Finally, City Holding Co. lifted its holdings in shares of Time Warner by 7.7% in the 2nd quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock worth $172,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.
Time Warner Inc. (NYSE:TWX) opened at 102.40 on Friday. The company 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 company 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 posted its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the firm earned $1.29 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts expect that Time Warner Inc. will post $6.10 EPS for the current year.
A number of equities research analysts recently commented on the stock. BidaskClub lowered shares of Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Barclays PLC lowered shares of Time Warner from an “overweight” rating to an “equal weight” rating and upped their price target for the company from $95.00 to $107.00 in a report on Friday, August 4th. Evercore ISI lowered shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a report on Monday, August 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 price target on shares of Time Warner in a report on Friday, July 14th. Finally, Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, July 13th. One 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 company has a consensus rating of “Hold” and an average target price of $102.91.
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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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