Twin Securities Inc. bought a new stake in shares of Time Warner Inc. (NYSE:TWX) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 138,042 shares of the media conglomerate’s stock, valued at approximately $13,861,000. Time Warner comprises about 2.2% of Twin Securities Inc.’s investment portfolio, making the stock its 10th largest holding.

A number of other hedge funds have also added to or reduced their stakes in the business. Stillwater Investment Management LLC increased its stake 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 valued at $240,000 after purchasing an additional 9 shares during the last quarter. 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 valued at $248,000 after purchasing 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 valued at $100,000 after purchasing an additional 20 shares during the last quarter. Aureus Asset Management LLC increased its stake in Time Warner by 0.7% during the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after purchasing an additional 25 shares during the last quarter. Finally, 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 valued at $278,000 after purchasing an additional 30 shares during the last quarter. Hedge funds and other institutional investors own 79.19% of the company’s stock.

Shares of Time Warner Inc. (NYSE TWX) opened at 103.68 on Wednesday. The company has a 50-day moving average of $102.03 and a 200 day moving average of $100.29. The firm has a market cap of $80.64 billion, a P/E ratio of 19.24 and a beta of 1.02. Time Warner Inc. has a 12-month low of $78.32 and a 12-month high of $103.90.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the Zacks’ 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 during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the company posted $1.29 earnings per share. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. Equities analysts predict that Time Warner Inc. will post $6.10 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.4025 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.56%. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.

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Several analysts have weighed in on the stock. Barclays PLC lowered shares of Time Warner from an “overweight” rating to an “equal weight” rating and boosted their target price for the company from $95.00 to $107.00 in a research note on Friday, August 4th. BidaskClub lowered shares of Time Warner from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Friday, July 14th. Evercore ISI lowered shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price for the company. in a research note on Monday, August 7th. 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 research report on Thursday, July 13th. One equities research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $102.91.

About Time Warner

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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