CWA Asset Management Group LLC lifted its stake in shares of Time Warner Inc. (NYSE:TWX) by 15.6% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,783 shares of the media conglomerate’s stock after purchasing an additional 375 shares during the quarter. CWA Asset Management Group LLC’s holdings in Time Warner were worth $279,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TWX. Vanguard Group Inc. lifted its position in shares of Time Warner by 3.7% during the 1st quarter. Vanguard Group Inc. now owns 48,726,247 shares of the media conglomerate’s stock worth $4,761,042,000 after buying an additional 1,740,936 shares during the last quarter. BlackRock Inc. lifted its position in shares of Time Warner by 2,169.2% during the 1st quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after buying an additional 40,940,053 shares during the last quarter. State Street Corp lifted its position in shares of Time Warner by 2.1% during the 1st quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after buying an additional 688,860 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Time Warner by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after buying an additional 51,596 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Time Warner by 0.6% during the 1st quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock worth $1,165,905,000 after buying an additional 68,625 shares during the last quarter. 79.19% of the stock is currently owned by institutional investors.

Several analysts recently weighed in on TWX shares. Royal Bank Of Canada restated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Friday, July 14th. BidaskClub downgraded Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a research report on Thursday, July 13th. Finally, Evercore ISI downgraded Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective for the company. in a research report on Monday, August 7th. One research analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have assigned a buy rating to the company’s stock. Time Warner presently has a consensus rating of “Hold” and an average price target of $102.91.

ILLEGAL ACTIVITY WARNING: “CWA Asset Management Group LLC Has $279,000 Stake in Time Warner Inc. (TWX)” was originally posted by Daily Political and is the property of of Daily Political. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://www.dailypolitical.com/2017/09/25/cwa-asset-management-group-llc-has-279000-stake-in-time-warner-inc-twx.html.

Shares of Time Warner Inc. (NYSE TWX) opened at 102.40 on Monday. Time Warner Inc. has a 52 week low of $75.68 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. The firm has a 50-day moving average price of $101.65 and a 200-day moving average price of $99.76.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. Time Warner’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 EPS. On average, equities research analysts predict that Time Warner Inc. will post $6.10 earnings per share for the current year.

Time Warner 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.

Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc. (NYSE:TWX).

Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

Receive News & Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.