Greenwood Capital Associates LLC cut its holdings in Time Warner Inc. (NYSE:TWX) by 35.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 25,218 shares of the media conglomerate’s stock after selling 13,584 shares during the period. Greenwood Capital Associates LLC’s holdings in Time Warner were worth $2,532,000 as of its most recent filing with the SEC.

Several other institutional investors have also bought and sold shares of the company. Stillwater Investment Management LLC increased its stake in shares of Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after purchasing an additional 9 shares during the period. Park National Corp OH increased its stake in shares of Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after purchasing an additional 14 shares during the period. North Star Investment Management Corp. increased its stake in shares of Time Warner by 1.1% in the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock worth $278,000 after purchasing an additional 30 shares during the period. Conservest Capital Advisors Inc. increased its stake in shares of Time Warner by 0.4% in the second quarter. Conservest Capital Advisors Inc. now owns 7,857 shares of the media conglomerate’s stock worth $789,000 after purchasing an additional 31 shares during the period. Finally, Connecticut Wealth Management LLC increased its stake in shares of Time Warner by 0.8% in the first quarter. Connecticut Wealth Management LLC now owns 4,199 shares of the media conglomerate’s stock worth $413,000 after purchasing an additional 33 shares during the period. Institutional investors and hedge funds own 79.29% of the company’s stock.

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Time Warner Inc. (NYSE:TWX) opened at 101.87 on Friday. Time Warner Inc. has a 1-year low of $74.68 and a 1-year high of $103.34. The company has a market cap of $79.23 billion, a PE ratio of 18.90 and a beta of 1.04. The stock has a 50 day moving average of $101.66 and a 200-day moving average of $99.70.

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

TWX has been the topic of a number of recent analyst reports. BMO Capital Markets reiterated 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 reiterated 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 Time Warner and gave the stock a “hold” rating in a research note on Monday, June 12th. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Morgan Stanley reiterated 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 given a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $102.25.

Time Warner Company 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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