Hedeker Wealth LLC continued to hold its position in Time Warner Inc. (NYSE:TWX) during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,750 shares of the media conglomerate’s stock at the close of the second quarter. Hedeker Wealth LLC’s holdings in Time Warner were worth $878,000 as of its most recent SEC filing.
Other hedge funds have also recently bought and sold shares of the company. Bellwether Investment Group LLC raised its stake in Time Warner by 15.6% during the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC raised its stake in Time Warner by 9.9% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after buying an additional 100 shares during the period. Motco acquired a new position in Time Warner during the 2nd quarter worth approximately $129,000. Archford Capital Strategies LLC raised its stake in Time Warner by 43.5% during the 1st quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock worth $155,000 after buying an additional 481 shares during the period. Finally, City Holding Co. raised its stake in Time Warner by 7.7% during the 2nd quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock worth $172,000 after buying an additional 123 shares during the period. 79.16% of the stock is currently owned by institutional investors and hedge funds.
A number of research firms recently weighed in on TWX. Royal Bank Of Canada set a $108.00 price target on Time Warner and gave the stock a “hold” rating in a research note on Monday, June 12th. Jefferies Group LLC downgraded Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, August 3rd. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating in a research note on Monday. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Finally, BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $102.25.
Time Warner Inc. (NYSE TWX) opened at 101.97 on Tuesday. The company has a market capitalization of $79.31 billion, a price-to-earnings ratio of 18.92 and a beta of 1.04. The stock has a 50 day moving average price of $101.64 and a 200-day moving average price of $99.74. Time Warner Inc. has a 12-month low of $74.68 and a 12-month high of $103.34.
Time Warner (NYSE:TWX) last announced its earnings results 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. The business had revenue of $7.33 billion during the quarter, compared to analyst estimates 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 business earned $1.29 EPS. Equities analysts predict that Time Warner Inc. will post $6.10 EPS for the current fiscal year.
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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