Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Time Warner Inc. (NYSE:TWX) by 1.7% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 184,560 shares of the media conglomerate’s stock after purchasing an additional 3,120 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Time Warner were worth $18,532,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in TWX. Waldron LP grew its holdings in shares of Time Warner by 137.7% in the first quarter. Waldron LP now owns 5,340 shares of the media conglomerate’s stock valued at $508,000 after purchasing an additional 3,093 shares during the period. Affinity Investment Advisors LLC purchased a new stake in shares of Time Warner in the first quarter valued at about $274,000. Linscomb & Williams Inc. grew its holdings in shares of Time Warner by 1.6% in the first quarter. Linscomb & Williams Inc. now owns 3,062 shares of the media conglomerate’s stock valued at $299,000 after purchasing an additional 47 shares during the period. Canada Pension Plan Investment Board grew its holdings in shares of Time Warner by 335.6% in the first quarter. Canada Pension Plan Investment Board now owns 282,046 shares of the media conglomerate’s stock valued at $27,559,000 after purchasing an additional 217,300 shares during the period. Finally, Burt Wealth Advisors grew its holdings in shares of Time Warner by 28.0% in the first quarter. Burt Wealth Advisors now owns 1,982 shares of the media conglomerate’s stock valued at $194,000 after purchasing an additional 434 shares during the period. 79.29% of the stock is owned by hedge funds and other institutional investors.

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Several brokerages have weighed in on TWX. BidaskClub lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Royal Bank Of Canada reaffirmed a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Friday, July 14th. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Wednesday. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 target price on shares of Time Warner in a research note on Monday, May 22nd. Finally, Cowen and Company reaffirmed a “hold” rating and set a $107.50 target price on shares of Time Warner in a research note on Thursday, August 3rd. One research analyst has rated the stock with a sell rating, twenty-six have issued a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Time Warner presently has an average rating of “Hold” and an average price target of $102.25.

Shares of Time Warner Inc. (TWX) opened at 101.30 on Thursday. Time Warner Inc. has a 12-month low of $74.27 and a 12-month high of $103.34. The firm’s 50-day moving average is $101.68 and its 200-day moving average is $99.65. The firm has a market cap of $78.79 billion, a PE ratio of 18.79 and a beta of 1.04.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. Time Warner’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. Equities analysts expect 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.

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

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