Time Warner Inc (TWX) Shares Sold by BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp

BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp decreased its stake in shares of Time Warner Inc (NYSE:TWX) by 0.6% in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 478,979 shares of the media conglomerate’s stock after selling 3,000 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp owned 0.06% of Time Warner worth $49,071,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Stillwater Investment Management LLC increased its position in shares of Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after acquiring an additional 9 shares in the last quarter. Park National Corp OH increased its position in shares of Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after acquiring an additional 14 shares in the last quarter. Jacobi Capital Management LLC increased its position in shares of Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares in the last quarter. Aureus Asset Management LLC increased its position in shares of Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after acquiring an additional 25 shares in the last quarter. Finally, Advisory Services Network LLC increased its position 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 in the last quarter. 78.11% of the stock is owned by hedge funds and other institutional investors.

Time Warner Inc (NYSE TWX) traded down $1.63 on Wednesday, reaching $91.08. 4,543,400 shares of the company were exchanged, compared to its average volume of 4,754,594. The firm has a market cap of $70,550.00, a price-to-earnings ratio of 15.30, a price-to-earnings-growth ratio of 1.46 and a beta of 0.95. 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 0.80, a quick ratio of 1.26 and a current ratio of 1.48.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same period last year, the business earned $1.83 EPS. The business’s revenue was up 6.0% on a year-over-year basis. analysts forecast that Time Warner Inc will post 6.2 earnings per share for the current year.

TWX has been the subject of several recent research reports. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a research report on Monday, November 13th. Zacks Investment Research lowered shares of Time Warner from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Credit Suisse Group lowered shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price objective for the company. in a research report on Monday, September 18th. Cowen reissued a “hold” rating and issued a $102.00 price objective on shares of Time Warner in a research report on Friday, October 27th. Finally, Deutsche Bank reissued a “buy” rating and issued a $99.00 price objective on shares of Time Warner in a research report on Friday, November 10th. Twenty-three investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Time Warner presently has an average rating of “Hold” and an average target price of $102.87.

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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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