Stifel Financial Corp lessened its stake in shares of Time Warner Inc. (NYSE:TWX) by 13.2% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 380,676 shares of the media conglomerate’s stock after selling 58,125 shares during the period. Stifel Financial Corp’s holdings in Time Warner were worth $38,371,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Quentec Asset Management LLC raised its holdings in Time Warner by 14.8% during the 2nd quarter. Quentec Asset Management LLC now owns 183,636 shares of the media conglomerate’s stock worth $18,439,000 after buying an additional 23,636 shares during the period. Ontario Teachers Pension Plan Board raised its holdings in Time Warner by 4.0% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 369,491 shares of the media conglomerate’s stock worth $37,101,000 after buying an additional 14,249 shares during the period. CQS Cayman LP raised its holdings in Time Warner by 26.1% during the 2nd quarter. CQS Cayman LP now owns 154,500 shares of the media conglomerate’s stock worth $15,513,000 after buying an additional 32,000 shares during the period. Veritable L.P. raised its holdings in Time Warner by 0.4% during the 2nd quarter. Veritable L.P. now owns 29,473 shares of the media conglomerate’s stock worth $2,959,000 after buying an additional 126 shares during the period. Finally, Third Point LLC raised its holdings in Time Warner by 7.1% during the 2nd quarter. Third Point LLC now owns 3,750,000 shares of the media conglomerate’s stock worth $376,538,000 after buying an additional 250,000 shares during the period. Hedge funds and other institutional investors own 79.19% of the company’s stock.

Time Warner Inc. (NYSE:TWX) opened at 103.64 on Friday. Time Warner Inc. has a 12-month low of $78.32 and a 12-month high of $103.90. The firm has a market cap of $80.61 billion, a P/E ratio of 19.23 and a beta of 1.02. The company has a 50-day moving average price of $101.88 and a 200-day moving average price of $100.12.

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

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.55%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s dividend payout ratio is presently 29.98%.

Several analysts have issued reports on the company. Needham & Company LLC restated a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC downgraded 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. Royal Bank Of Canada restated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a report on Tuesday, August 15th. Finally, Zacks Investment Research downgraded Time Warner from a “buy” rating to a “hold” rating in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have issued a buy rating to the company. Time Warner presently has a consensus rating of “Hold” and a consensus target price of $102.91.

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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.

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

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