Crawford Investment Counsel Inc. Has $5.29 Million Position in Time Warner Inc. (TWX)
Crawford Investment Counsel Inc. decreased its holdings in Time Warner Inc. (NYSE:TWX) by 53.8% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 52,709 shares of the media conglomerate’s stock after selling 61,425 shares during the quarter. Crawford Investment Counsel Inc.’s holdings in Time Warner were worth $5,293,000 at the end of the most recent reporting period.
Several other institutional investors have also modified their holdings of TWX. Waldron LP grew its stake 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 worth $508,000 after purchasing an additional 3,093 shares during the last quarter. Affinity Investment Advisors LLC bought a new stake in shares of Time Warner in the first quarter worth $274,000. Advisory Services Network LLC bought a new stake in shares of Time Warner in the first quarter worth $138,000. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. grew its stake in shares of Time Warner by 3.0% in the first quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 123,905 shares of the media conglomerate’s stock worth $12,107,000 after purchasing an additional 3,598 shares during the last quarter. Finally, Usca Ria LLC grew its stake in shares of Time Warner by 4.1% in the first quarter. Usca Ria LLC now owns 43,433 shares of the media conglomerate’s stock worth $4,244,000 after purchasing an additional 1,727 shares during the last quarter. 79.29% of the stock is currently owned by institutional investors.
TWX has been the topic of several analyst reports. BMO Capital Markets reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research note on Friday, May 19th. Jefferies Group LLC reissued a “buy” rating and issued a $105.00 price objective on shares of Time Warner in a research note on Monday, May 22nd. Royal Bank Of Canada set a $108.00 price objective on shares of Time Warner and gave the stock a “hold” rating in a research note on Monday, June 12th. BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Morgan Stanley reissued an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. One 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’s stock. Time Warner has a consensus rating of “Hold” and a consensus price target of $102.25.
Shares of Time Warner Inc. (NYSE TWX) opened at 101.87 on Friday. Time Warner Inc. has a 12-month low of $74.68 and a 12-month high of $103.34. The firm has a market cap of $79.23 billion, a price-to-earnings ratio of 18.90 and a beta of 1.04. The company has a 50 day moving average of $101.66 and a 200-day moving average of $99.70.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period last year, the company posted $1.29 EPS. Time Warner’s revenue was up 5.4% on a year-over-year basis. Analysts predict that Time Warner Inc. will post $6.10 EPS for the current year.
About Time Warner
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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