Buckingham Asset Management LLC Sells 525 Shares of Time Warner Inc. (TWX)

Buckingham Asset Management LLC lowered its stake in shares of Time Warner Inc. (NYSE:TWX) by 9.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,172 shares of the media conglomerate’s stock after selling 525 shares during the quarter. Buckingham Asset Management LLC’s holdings in Time Warner were worth $519,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Bellwether Investment Group LLC increased 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 acquiring an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC increased its position in shares of Time Warner by 9.9% during the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after acquiring an additional 100 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Time Warner during the first quarter worth $138,000. Archford Capital Strategies LLC increased its position in shares of Time Warner by 43.5% during the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock worth $155,000 after acquiring an additional 481 shares during the period. Finally, City Holding Co. increased its position in shares of Time Warner by 7.7% during the second quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock worth $172,000 after acquiring an additional 123 shares during the period. 79.29% of the stock is currently owned by institutional investors and hedge funds.

In other Time Warner news, CFO Howard M. Averill acquired 255 shares of the stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average price of $99.67 per share, with a total value of $25,415.85. Following the transaction, the chief financial officer now directly owns 63,399 shares in the company, valued at $6,318,978.33. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 0.16% of the stock is owned by corporate insiders.

A number of analysts have recently weighed in on TWX shares. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Friday, May 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 price objective on shares of Time Warner in a research report on Monday, May 22nd. Royal Bank Of Canada set a $108.00 price objective on Time Warner and gave the stock a “hold” rating in a research report on Monday, June 12th. BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Finally, Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. One analyst has rated the stock with a sell rating, twenty-six have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. Time Warner has a consensus rating of “Hold” and an average price target of $102.25.

Shares of Time Warner Inc. (NYSE:TWX) opened at 101.00 on Wednesday. Time Warner Inc. has a 52 week low of $74.27 and a 52 week high of $103.34. The stock’s 50 day moving average is $101.65 and its 200 day moving average is $99.62. The firm has a market cap of $78.56 billion, a P/E ratio of 18.74 and a beta of 1.04.

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

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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.

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

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