Cypress Capital Group bought a new stake in shares of Time Warner Inc. (NYSE:TWX) during the 2nd quarter, according to its most recent filing with the SEC. The fund bought 6,595 shares of the media conglomerate’s stock, valued at approximately $662,000.

Other institutional investors have also modified their holdings of the company. Stillwater Investment Management LLC boosted its position in Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after buying an additional 9 shares in the last quarter. Park National Corp OH boosted its position in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares in the last quarter. Jacobi Capital Management LLC boosted its position in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares in the last quarter. Aureus Asset Management LLC boosted its position in Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after buying an additional 25 shares in the last quarter. Finally, North Star Investment Management Corp. boosted its position in Time Warner by 1.1% in the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock valued at $278,000 after buying an additional 30 shares in the last quarter. Institutional investors and hedge funds own 79.19% of the company’s stock.

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Shares of Time Warner Inc. (NYSE:TWX) traded down 0.50% on Friday, reaching $100.94. 6,885,599 shares of the company traded hands. The company has a market capitalization of $78.51 billion, a PE ratio of 18.73 and a beta of 1.02. Time Warner Inc. has a one year low of $78.80 and a one year high of $103.90. The firm has a 50-day moving average price of $102.08 and a 200 day moving average price of $100.37.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate 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 net margin of 14.10% and a return on equity of 19.14%. Time Warner’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 EPS. Equities analysts forecast that Time Warner Inc. will post $6.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a dividend of $0.4025 per share. The ex-dividend date is Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.60%. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.

A number of equities analysts have commented on TWX shares. Royal Bank Of Canada restated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research report on Friday, July 14th. BidaskClub lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Sanford C. Bernstein restated a “market perform” rating on shares of Time Warner in a research report on Tuesday, September 12th. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Finally, Credit Suisse Group lowered shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a research report on Monday, September 18th. 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 company’s stock. The company 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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