Baltimore Capital Management Inc. decreased its stake in Time Warner Inc. (NYSE:TWX) by 16.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,500 shares of the media conglomerate’s stock after selling 500 shares during the quarter. Baltimore Capital Management Inc.’s holdings in Time Warner were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently added to or reduced their stakes in TWX. Bellwether Investment Group LLC raised its position in shares of Time Warner by 15.6% during the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after purchasing an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in Time Warner by 9.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares during the last quarter. Motco acquired a new stake in Time Warner in the 2nd quarter valued at approximately $129,000. Archford Capital Strategies LLC raised its position in Time Warner by 43.5% in the 1st quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock valued at $155,000 after buying an additional 481 shares during the last quarter. Finally, City Holding Co. raised its position in Time Warner by 7.7% in the 2nd quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock valued at $172,000 after buying an additional 123 shares during the last quarter. 79.16% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Time Warner Inc. (NYSE:TWX) opened at 101.97 on Tuesday. Time Warner Inc. has a 52-week low of $74.68 and a 52-week high of $103.34. The company has a market capitalization of $79.31 billion, a PE ratio of 18.92 and a beta of 1.04. The firm’s 50-day moving average price is $101.64 and its 200 day moving average price is $99.74.

Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping the Zacks’ 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 company’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period last year, the company posted $1.29 earnings per share. On average, equities analysts forecast 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 research reports. BidaskClub lowered Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reiterated 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 reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Wednesday, September 13th. Jefferies Group LLC reiterated 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 restated a “hold” rating and issued a $107.50 price target 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-seven have issued a hold rating, seven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target of $102.25.

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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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