Gamco Investors INC. ET AL lessened its holdings in Time Warner Inc. (NYSE:TWX) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,424,937 shares of the media conglomerate’s stock after selling 77,224 shares during the quarter. Time Warner accounts for about 1.6% of Gamco Investors INC. ET AL’s holdings, making the stock its 3rd biggest position. Gamco Investors INC. ET AL owned approximately 0.31% of Time Warner worth $243,488,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TWX. BlackRock Inc. boosted its holdings in Time Warner by 2,169.2% in the 1st quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock valued at $4,184,660,000 after purchasing an additional 40,940,053 shares in the last quarter. Canyon Capital Advisors LLC boosted its holdings in Time Warner by 397.0% in the 1st quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock valued at $556,541,000 after purchasing an additional 4,549,848 shares in the last quarter. OZ Management LP boosted its holdings in Time Warner by 98.2% in the 1st quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock valued at $610,049,000 after purchasing an additional 3,093,353 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in Time Warner by 4,979.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock valued at $261,700,000 after purchasing an additional 2,625,600 shares in the last quarter. Finally, Canada Pension Plan Investment Board boosted its holdings in Time Warner by 624.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,044,346 shares of the media conglomerate’s stock valued at $205,273,000 after purchasing an additional 1,762,300 shares in the last quarter. 79.28% of the stock is currently owned by institutional investors.

In other news, CFO Howard M. Averill purchased 255 shares of Time Warner stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the transaction, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

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A number of equities research analysts have weighed in on the company. Royal Bank Of Canada set a $108.00 price objective on Time Warner and gave the company a “hold” rating in a report on Monday, June 12th. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price objective on the stock. in a report on Thursday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a report on Friday, May 19th. Finally, BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, twenty-five have issued a hold rating, eight have given a buy rating and one has given a strong buy rating to the stock. Time Warner has a consensus rating of “Hold” and an average price target of $102.25.

Shares of Time Warner Inc. (NYSE TWX) opened at 101.60 on Monday. Time Warner Inc. has a 1-year low of $74.27 and a 1-year high of $103.34. The firm has a 50-day moving average of $101.41 and a 200 day moving average of $99.43. The stock has a market capitalization of $79.02 billion, a PE ratio of 18.85 and a beta of 1.04.

Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.29 EPS. On average, equities analysts anticipate that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.

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.

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

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