Associated Banc Corp reduced its stake in Time Warner Inc (NYSE:TWX) by 16.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 38,265 shares of the media conglomerate’s stock after selling 7,263 shares during the period. Associated Banc Corp’s holdings in Time Warner were worth $3,500,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Advisory Services Network LLC grew its stake in shares of Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after acquiring an additional 26 shares during the last quarter. GWM Advisors LLC boosted its position in shares of Time Warner by 1.8% during the second quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock valued at $292,000 after buying an additional 52 shares during the last quarter. National Asset Management Inc. boosted its position in shares of Time Warner by 17.0% during the second quarter. National Asset Management Inc. now owns 3,288 shares of the media conglomerate’s stock valued at $331,000 after buying an additional 478 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in shares of Time Warner by 1.8% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock valued at $2,882,000 after buying an additional 544 shares during the last quarter. Finally, Fragasso Group Inc. boosted its position in shares of Time Warner by 4.5% during the third quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock valued at $1,363,000 after buying an additional 573 shares during the last quarter. 76.85% of the stock is currently owned by hedge funds and other institutional investors.

Time Warner Inc (NYSE:TWX) opened at $93.61 on Tuesday. Time Warner Inc has a 1-year low of $85.88 and a 1-year high of $103.90. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91. The firm has a market capitalization of $72,880.00, a PE ratio of 17.24, a price-to-earnings-growth ratio of 1.24 and a beta of 0.94.

Time Warner (NYSE:TWX) last posted its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.16. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company had revenue of $8.61 billion for the quarter, compared to the consensus estimate of $8.41 billion. During the same quarter in the prior year, the company earned $1.25 earnings per share. Time Warner’s revenue was up 9.1% on a year-over-year basis. equities research analysts forecast that Time Warner Inc will post 7.56 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s dividend payout ratio is 29.65%.

In other news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director William P. Barr sold 4,019 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $97.20, for a total value of $390,646.80. Following the completion of the transaction, the director now directly owns 44,959 shares in the company, valued at approximately $4,370,014.80. The disclosure for this sale can be found here. In the last three months, insiders sold 356,947 shares of company stock worth $32,369,031. 0.16% of the stock is owned by corporate insiders.

TWX has been the topic of several recent analyst reports. FBR & Co cut Time Warner from a “buy” rating to a “neutral” rating and increased their price objective for the company from $105.00 to $107.50 in a research report on Monday, October 16th. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. Zacks Investment Research cut Time Warner from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Royal Bank of Canada reaffirmed a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Wednesday, October 18th. Finally, ValuEngine cut Time Warner from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Sixteen analysts have rated the stock with a hold rating and ten have issued a buy rating to the stock. Time Warner presently has an average rating of “Hold” and a consensus price target of $104.36.

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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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