Public Employees Retirement System of Ohio lessened its position in shares of Time Warner Inc. (NYSE:TWX) by 0.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 542,761 shares of the media conglomerate’s stock after selling 5,033 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Time Warner worth $54,499,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently modified their holdings of the company. GWM Advisors LLC lifted its stake in Time Warner by 1.8% in the 2nd quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock valued at $292,000 after purchasing an additional 52 shares during the last quarter. Colony Group LLC lifted its stake in Time Warner by 9.8% in the 2nd quarter. Colony Group LLC now owns 111,485 shares of the media conglomerate’s stock valued at $11,194,000 after purchasing an additional 9,946 shares during the last quarter. National Asset Management Inc. lifted its stake in Time Warner by 17.0% in the 2nd quarter. National Asset Management Inc. now owns 3,288 shares of the media conglomerate’s stock valued at $331,000 after purchasing an additional 478 shares during the last quarter. Piedmont Investment Advisors LLC lifted its stake in Time Warner by 0.5% in the 2nd quarter. Piedmont Investment Advisors LLC now owns 226,961 shares of the media conglomerate’s stock valued at $22,789,000 after purchasing an additional 1,074 shares during the last quarter. Finally, Cypress Capital Group bought a new position in Time Warner in the 2nd quarter valued at approximately $662,000. 79.16% of the stock is owned by institutional investors.

Time Warner Inc. (NYSE:TWX) traded up 0.50% during midday trading on Monday, reaching $101.44. 800,321 shares of the company’s stock were exchanged. Time Warner Inc. has a 12-month low of $78.80 and a 12-month high of $103.90. The firm has a 50-day moving average price of $102.08 and a 200 day moving average price of $100.39. The company has a market cap of $78.90 billion, a price-to-earnings ratio of 18.82 and a beta of 1.02.

Time Warner (NYSE:TWX) last issued its quarterly earnings data 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. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate 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 in the previous year, the firm earned $1.29 EPS. On average, analysts expect that Time Warner Inc. will post $6.09 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.60%. The ex-dividend date is Friday, October 6th. Time Warner’s payout ratio is currently 29.98%.

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Several equities analysts recently commented on the stock. Cowen and Company reissued a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a research note on Thursday. Jefferies Group LLC downgraded shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Thursday, August 3rd. Credit Suisse Group downgraded shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price objective for the company. in a research note on Monday, September 18th. Morgan Stanley reissued an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Finally, FBR & Co downgraded shares of Time Warner from a “buy” rating to a “neutral” rating and set a $105.00 price objective for the company. in a research note on Monday. One equities research analyst has rated the stock with a sell rating, twenty-eight have assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $102.81.

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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