Time Warner Inc. (TWX) Shares Sold by Telos Capital Management Inc.

Telos Capital Management Inc. reduced its stake in Time Warner Inc. (NYSE:TWX) by 2.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 29,396 shares of the media conglomerate’s stock after selling 645 shares during the period. Time Warner makes up about 1.2% of Telos Capital Management Inc.’s investment portfolio, making the stock its 24th largest position. Telos Capital Management Inc.’s holdings in Time Warner were worth $2,951,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Bellwether Investment Group LLC boosted its position in shares of Time Warner by 15.6% in the first 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 in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of 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 worth $109,000 after buying an additional 100 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Time Warner during the first quarter worth $138,000. Archford Capital Strategies LLC boosted its position in shares of Time Warner by 43.5% in the first 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 in the last quarter. Finally, City Holding Co. boosted its position in shares of Time Warner by 7.7% in the second quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock worth $172,000 after buying an additional 123 shares in the last quarter. Institutional investors and hedge funds own 78.76% of the company’s stock.

Shares of Time Warner Inc. (NYSE TWX) opened at 102.11 on Tuesday. The company’s 50 day moving average price is $101.21 and its 200 day moving average price is $99.14. Time Warner Inc. has a one year low of $74.27 and a one year high of $103.34. The stock has a market capitalization of $79.42 billion, a P/E ratio of 18.94 and a beta of 1.05.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th were paid a dividend of $0.4025 per share. The ex-dividend date was Thursday, July 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.58%. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.

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A number of research analysts have recently weighed in on the company. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Jefferies Group LLC cut Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Thursday, August 3rd. Royal Bank Of Canada restated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research report on Tuesday, August 15th. Zacks Investment Research cut Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Cowen and Company restated a “hold” rating and issued a $107.50 price target on shares of Time Warner in a research report on Thursday, August 3rd. One research 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 assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $102.25.

In related news, CFO Howard M. Averill purchased 255 shares of the firm’s stock in a transaction dated Thursday, June 15th. The stock was bought at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the purchase, the chief financial officer now owns 63,399 shares in the company, valued at approximately $6,318,978.33. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.

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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