Time Warner Inc (TWX) Stake Lessened by Cornerstone Capital Management Holdings LLC.

Cornerstone Capital Management Holdings LLC. lowered its position in shares of Time Warner Inc (NYSE:TWX) by 7.4% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 146,630 shares of the media conglomerate’s stock after selling 11,715 shares during the period. Cornerstone Capital Management Holdings LLC.’s holdings in Time Warner were worth $15,021,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of TWX. City Holding Co. lifted its stake in Time Warner by 7.7% in the second quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock valued at $172,000 after purchasing an additional 123 shares during the last quarter. Waverton Investment Management Ltd lifted its position in shares of Time Warner by 3.1% during the second quarter. Waverton Investment Management Ltd now owns 12,307 shares of the media conglomerate’s stock worth $1,236,000 after acquiring an additional 365 shares in the last quarter. Narwhal Capital Management lifted its position in shares of Time Warner by 16.8% during the second quarter. Narwhal Capital Management now owns 22,215 shares of the media conglomerate’s stock worth $2,231,000 after acquiring an additional 3,200 shares in the last quarter. Pennsylvania Trust Co lifted its position in shares of Time Warner by 5.9% during the second quarter. Pennsylvania Trust Co now owns 5,424 shares of the media conglomerate’s stock worth $545,000 after acquiring an additional 300 shares in the last quarter. Finally, CHURCHILL MANAGEMENT Corp raised its position in shares of Time Warner by 197.2% in the second quarter. CHURCHILL MANAGEMENT Corp now owns 7,420 shares of the media conglomerate’s stock worth $745,000 after buying an additional 4,923 shares in the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.

In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of Time Warner stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the transaction, the chief executive officer now owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 0.16% of the stock is owned by insiders.

A number of research analysts recently commented on the company. BMO Capital Markets reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Wednesday, September 13th. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a research note on Tuesday, October 17th. FBR & Co cut Time Warner from a “buy” rating to a “neutral” rating and raised their target price for the stock from $105.00 to $107.50 in a research note on Monday, October 16th. Wells Fargo & Company restated a “market perform” rating and issued a $84.00 price objective (down from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. Finally, Cowen reiterated a “hold” rating and set a $107.50 target price on shares of Time Warner in a report on Thursday, October 12th. Twenty-three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $103.00.

Time Warner Inc (TWX) traded up $0.34 during mid-day trading on Monday, hitting $90.71. 3,077,600 shares of the stock were exchanged, compared to its average volume of 4,757,608. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. The firm has a market capitalization of $70,626.17, a P/E ratio of 14.97, a P/E/G ratio of 1.43 and a beta of 0.95.

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

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

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