Skandinaviska Enskilda Banken AB publ Lowers Position in Time Warner Inc. (NYSE:TWX)

Skandinaviska Enskilda Banken AB publ decreased its stake in Time Warner Inc. (NYSE:TWX) by 1.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 126,026 shares of the media conglomerate’s stock after selling 1,563 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in Time Warner were worth $12,314,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Bellwether Investment Group LLC raised its position in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC raised its position in Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares during the period. Carroll Financial Associates Inc. raised its position in Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares during the period. Advisory Services Network LLC bought a new position in Time Warner during the first quarter valued at $138,000. Finally, Archford Capital Strategies LLC raised its position in Time Warner by 43.5% in the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock valued at $155,000 after buying an additional 481 shares during the period. 78.76% of the stock is currently owned by hedge funds and other institutional investors.

Time Warner Inc. (NYSE:TWX) opened at 101.19 on Friday. The firm has a market cap of $78.71 billion, a PE ratio of 18.77 and a beta of 1.05. Time Warner Inc. has a one year low of $74.27 and a one year high of $103.34. The firm has a 50-day moving average price of $101.16 and a 200-day moving average price of $99.06.

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

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.59%. The ex-dividend date of this dividend was Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is currently 29.98%.

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Several research firms have weighed in on TWX. BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Zacks Investment Research downgraded Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, August 7th. Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Tuesday. Jefferies Group LLC downgraded Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research note on Thursday, August 3rd. Finally, Cowen and Company reiterated a “hold” rating and set a $107.50 target price on shares of Time Warner in a research note on Thursday, August 3rd. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $102.25.

In other news, CFO Howard M. Averill purchased 255 shares of the company’s stock in a transaction on Thursday, June 15th. The stock was purchased at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the purchase, the chief financial officer now directly owns 63,399 shares in the company, valued at approximately $6,318,978.33. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 0.16% of the company’s stock.

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.

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

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