Time Warner Inc (TWX) Position Reduced by ING Groep NV

ING Groep NV cut its stake in Time Warner Inc (NYSE:TWX) by 1.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 134,450 shares of the media conglomerate’s stock after selling 2,661 shares during the quarter. ING Groep NV’s holdings in Time Warner were worth $13,774,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of TWX. IHT Wealth Management LLC lifted its holdings in shares of Time Warner by 98.0% in the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after buying an additional 400 shares during the period. Jacobi Capital Management LLC lifted its holdings in shares of Time Warner by 2.1% in the 2nd 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 during the period. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Time Warner by 4.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after buying an additional 44 shares during the period. Harfst & Associates Inc. lifted its holdings in shares of Time Warner by 31.6% in the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after buying an additional 288 shares during the period. Finally, Captrust Financial Advisors purchased a new position in shares of Time Warner in the 2nd quarter valued at about $127,000. 78.11% of the stock is owned by hedge funds and other institutional investors.

Time Warner Inc (NYSE:TWX) opened at $90.37 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. Time Warner Inc has a 52 week low of $85.88 and a 52 week high of $103.90. The company has a market capitalization of $70,914.25, a price-to-earnings ratio of 15.03, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. 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 firm earned $1.83 earnings per share. The firm’s revenue was up 6.0% compared to the same quarter last year. sell-side analysts predict that Time Warner Inc will post 6.2 EPS for the current fiscal year.

TWX has been the subject of several research reports. Royal Bank Of Canada reiterated a “hold” rating and set a $102.00 price objective on shares of Time Warner in a research note on Friday, October 27th. B. Riley reiterated a “hold” rating and set a $101.00 price objective on shares of Time Warner in a research note on Tuesday, November 21st. BMO Capital Markets reiterated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research note on Wednesday, September 13th. KeyCorp reiterated a “hold” rating on shares of Time Warner in a research note on Tuesday, October 17th. Finally, upgraded Time Warner from a “hold” rating to a “buy” rating and upped their price target for the company from $102.00 to $103.00 in a research report on Wednesday, November 15th. Twenty-three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and a consensus target price of $103.00.

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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.

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

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