InterOcean Capital LLC lessened its stake in Time Warner Inc (NYSE:TWX) by 73.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,709 shares of the media conglomerate’s stock after selling 51,760 shares during the quarter. InterOcean Capital LLC’s holdings in Time Warner were worth $1,917,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in TWX. Tiedemann Wealth Management LLC raised its stake in Time Warner by 5.6% during the third quarter. Tiedemann Wealth Management LLC now owns 20,427 shares of the media conglomerate’s stock valued at $1,378,000 after purchasing an additional 1,084 shares in the last quarter. Schwab Charles Investment Management Inc. raised its stake in Time Warner by 0.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 2,774,536 shares of the media conglomerate’s stock valued at $284,252,000 after purchasing an additional 18,736 shares in the last quarter. Grove Bank & Trust raised its stake in Time Warner by 13.1% during the third quarter. Grove Bank & Trust now owns 8,115 shares of the media conglomerate’s stock valued at $831,000 after purchasing an additional 941 shares in the last quarter. Ropes Wealth Advisors LLC raised its stake in Time Warner by 130.8% during the third quarter. Ropes Wealth Advisors LLC now owns 8,250 shares of the media conglomerate’s stock valued at $845,000 after purchasing an additional 4,675 shares in the last quarter. Finally, Zeke Capital Advisors LLC raised its stake in Time Warner by 118.5% during the third quarter. Zeke Capital Advisors LLC now owns 17,157 shares of the media conglomerate’s stock valued at $1,758,000 after purchasing an additional 9,304 shares in the last quarter. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

A number of research analysts have weighed in on the stock. Barclays cut shares of Time Warner from an “overweight” rating to an “equal weight” rating and boosted their price objective for the company from $95.00 to $107.00 in a research report on Friday, August 4th. Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a research report on Monday, August 7th. BMO Capital Markets reiterated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Wednesday, September 13th. BidaskClub upgraded shares of Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Finally, Cowen reiterated a “hold” rating and set a $107.50 price objective on shares of Time Warner in a research report on Thursday, August 3rd. Twenty-three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $102.87.

Shares of Time Warner Inc (TWX) traded up $0.55 during trading on Wednesday, reaching $89.62. 4,815,400 shares of the company’s stock traded hands, compared to its average volume of 4,719,779. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90. The company has a market cap of $70,160.00, a PE ratio of 14.77, a price-to-earnings-growth ratio of 1.41 and a beta of 0.98.

Time Warner (NYSE:TWX) last issued its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the prior year, the business earned $1.83 EPS. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. research analysts predict that Time Warner Inc will post 6.2 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.80%. The ex-dividend date was Friday, October 6th. Time Warner’s payout ratio is 30.61%.

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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.

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

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