YorkBridge Wealth Partners LLC Has $539,000 Holdings in Time Warner Inc. (TWX)

YorkBridge Wealth Partners LLC reduced its position in shares of Time Warner Inc. (NYSE:TWX) by 3.1% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,312 shares of the media conglomerate’s stock after selling 171 shares during the quarter. YorkBridge Wealth Partners LLC’s holdings in Time Warner were worth $539,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Stillwater Investment Management LLC raised its position in Time Warner by 0.4% during 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 raised its position in Time Warner by 0.6% during 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 raised its position in Time Warner by 2.1% during 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 raised its position in Time Warner by 0.7% during 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, North Star Investment Management Corp. raised its position in Time Warner by 1.1% during the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock worth $278,000 after acquiring an additional 30 shares in the last quarter. 79.19% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have recently weighed in on TWX shares. BidaskClub lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research report on Friday, July 14th. BMO Capital Markets reissued a “hold” rating and issued a $108.00 price objective on shares of Time Warner in a research report on Wednesday, September 13th. Cowen and Company reissued a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a research report on Thursday, August 3rd. Finally, Evercore ISI lowered shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price objective on the stock. in a research report on Monday, August 7th. One equities research analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $102.91.

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Shares of Time Warner Inc. (NYSE TWX) opened at 103.30 on Friday. The firm has a market capitalization of $80.35 billion, a P/E ratio of 19.17 and a beta of 1.02. The stock has a 50 day moving average of $101.93 and a 200-day moving average of $100.16. Time Warner Inc. has a 1-year low of $78.32 and a 1-year high of $103.90.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping 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 in the previous year, the firm earned $1.29 earnings per share. Time Warner’s revenue was up 5.4% on a year-over-year basis. On average, equities analysts expect that Time Warner Inc. will post $6.10 earnings per share for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a dividend yield of 1.56%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s payout ratio is 29.98%.

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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