Commonwealth Equity Services LLC Reduces Position in Time Warner Inc (TWX)

Commonwealth Equity Services LLC lowered its holdings in Time Warner Inc (NYSE:TWX) by 2.4% in the first quarter, HoldingsChannel reports. The firm owned 49,968 shares of the media conglomerate’s stock after selling 1,241 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Time Warner were worth $4,725,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in TWX. Candriam Luxembourg S.C.A. lifted its stake in Time Warner by 4.4% in the fourth quarter. Candriam Luxembourg S.C.A. now owns 68,790 shares of the media conglomerate’s stock worth $6,292,000 after acquiring an additional 2,906 shares during the last quarter. Barings LLC lifted its stake in Time Warner by 178.0% in the fourth quarter. Barings LLC now owns 33,613 shares of the media conglomerate’s stock worth $3,075,000 after acquiring an additional 21,520 shares during the last quarter. Cetera Advisors LLC lifted its stake in Time Warner by 22.1% in the fourth quarter. Cetera Advisors LLC now owns 5,398 shares of the media conglomerate’s stock worth $491,000 after acquiring an additional 978 shares during the last quarter. Public Employees Retirement System of Ohio lifted its stake in Time Warner by 0.5% in the fourth quarter. Public Employees Retirement System of Ohio now owns 547,589 shares of the media conglomerate’s stock worth $50,088,000 after acquiring an additional 2,904 shares during the last quarter. Finally, Retirement Systems of Alabama lifted its stake in Time Warner by 12.5% in the fourth quarter. Retirement Systems of Alabama now owns 748,615 shares of the media conglomerate’s stock worth $68,476,000 after acquiring an additional 83,262 shares during the last quarter. Hedge funds and other institutional investors own 79.37% of the company’s stock.

A number of brokerages recently issued reports on TWX. Loop Capital downgraded shares of Time Warner from a “buy” rating to a “hold” rating and set a $107.50 price target for the company. in a research note on Wednesday. Moffett Nathanson downgraded shares of Time Warner from a “buy” rating to a “neutral” rating in a research report on Wednesday. Barrington Research downgraded shares of Time Warner from an “outperform” rating to a “market perform” rating and set a $96.00 price objective for the company. in a research report on Wednesday. ValuEngine downgraded shares of Time Warner from a “hold” rating to a “sell” rating in a research report on Saturday, June 2nd. Finally, Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Tuesday, May 1st. One analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $103.42.

TWX stock opened at $98.77 on Friday. Time Warner Inc has a 12 month low of $85.88 and a 12 month high of $103.90. The firm has a market capitalization of $75.24 billion, a P/E ratio of 15.38, a price-to-earnings-growth ratio of 1.79 and a beta of 0.88. The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 0.62.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, April 26th. The media conglomerate reported $2.28 EPS for the quarter, beating the consensus estimate of $1.74 by $0.54. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.93 billion. During the same quarter in the prior year, the firm earned $1.66 EPS. Time Warner’s revenue for the quarter was up 3.4% on a year-over-year basis. equities research analysts forecast that Time Warner Inc will post 8.09 earnings per share for the current fiscal year.

About Time Warner

Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.

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

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