Columbia Asset Management cut its holdings in shares of Time Warner Inc. (NYSE:TWX) by 2.3% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 31,818 shares of the media conglomerate’s stock after selling 749 shares during the quarter. Columbia Asset Management’s holdings in Time Warner were worth $3,194,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Stillwater Investment Management LLC lifted its position in Time Warner by 0.4% during the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after buying an additional 9 shares during the period. Park National Corp OH increased its stake in Time Warner by 0.6% during the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after acquiring an additional 14 shares during the last quarter. Jacobi Capital Management LLC increased its stake in Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares during the last quarter. North Star Investment Management Corp. increased its stake in Time Warner by 1.1% during the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock worth $278,000 after acquiring an additional 30 shares during the last quarter. Finally, Conservest Capital Advisors Inc. increased its stake in Time Warner by 0.4% during the second quarter. Conservest Capital Advisors Inc. now owns 7,857 shares of the media conglomerate’s stock worth $789,000 after acquiring an additional 31 shares during the last quarter. Hedge funds and other institutional investors own 79.16% of the company’s stock.

Several equities research analysts have commented on the company. Jefferies Group LLC restated a “hold” rating and set a $105.00 price target (up from $102.42) on shares of Time Warner in a research note on Sunday, July 30th. Evercore ISI lowered Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a research note on Monday, August 7th. Cowen and Company restated a “hold” rating and set a $107.50 price target on shares of Time Warner in a research note on Thursday, August 3rd. Zacks Investment Research lowered Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Finally, BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have issued a buy rating to the stock. Time Warner currently has a consensus rating of “Hold” and an average price target of $102.91.

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Time Warner Inc. (NYSE TWX) opened at 102.40 on Friday. The firm’s 50-day moving average price is $101.65 and its 200-day moving average price is $99.76. Time Warner Inc. has a 12-month low of $74.68 and a 12-month high of $103.34. The company has a market cap of $79.65 billion, a P/E ratio of 19.00 and a beta of 1.04.

Time Warner (NYSE:TWX) last issued its quarterly 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 firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. During the same period in the previous year, the company posted $1.29 earnings per share. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. Analysts expect that Time Warner Inc. will post $6.10 EPS for the current 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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