Ladenburg Thalmann Financial Services Inc. trimmed its position in shares of Time Warner Inc (NYSE:TWX) by 18.1% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,634 shares of the media conglomerate’s stock after selling 3,909 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Time Warner were worth $1,811,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Jacobi Capital Management LLC increased its holdings in Time Warner by 2.1% during the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares during the last quarter. Aureus Asset Management LLC boosted its position in Time Warner by 0.7% during the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after purchasing an additional 25 shares during the period. Advisory Services Network LLC boosted its position in Time Warner by 1.8% during the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after purchasing an additional 26 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its position in Time Warner by 4.0% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after purchasing an additional 44 shares during the period. Finally, GWM Advisors LLC boosted its position in Time Warner by 1.8% during the second quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock worth $292,000 after purchasing an additional 52 shares during the period. Institutional investors and hedge funds own 78.11% of the company’s stock.

A number of research firms have commented on TWX. Cowen reaffirmed a “hold” rating and set a $107.50 price objective on shares of Time Warner in a research report on Thursday, October 12th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $84.00 price objective (down from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Credit Suisse Group cut 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 report on Monday, September 18th. B. Riley reaffirmed a “neutral” rating and set a $101.00 price objective (down from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Finally, Deutsche Bank reaffirmed a “buy” rating and set a $99.00 price objective on shares of Time Warner in a research report on Friday, November 10th. Twenty-three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $103.00.

In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the transaction, the chief executive officer now owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.16% of the company’s stock.

Shares of Time Warner Inc (TWX) opened at $90.25 on Friday. The stock has a market cap of $70,275.80, a PE ratio of 14.89, a PEG ratio of 1.42 and a beta of 0.95. Time Warner Inc has a 52-week low of $85.88 and a 52-week high of $103.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26.

Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. The company had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. Time Warner’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.83 earnings per share. sell-side analysts forecast that Time Warner Inc will post 6.18 EPS for the current year.

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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.

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

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