Time Warner Inc. (TWX) Position Held by Oregon Public Employees Retirement Fund

Oregon Public Employees Retirement Fund continued to hold its stake in Time Warner Inc. (NYSE:TWX) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 81,014 shares of the media conglomerate’s stock at the end of the second quarter. Oregon Public Employees Retirement Fund’s holdings in Time Warner were worth $8,135,000 as of its most recent filing with the SEC.

Other large investors have also recently bought and sold shares of the company. First Bank & Trust increased its stake in Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock worth $332,000 after buying an additional 9 shares during the period. Stillwater Investment Management LLC increased its stake in 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 buying an additional 9 shares during the period. Park National Corp OH increased its stake in 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 buying an additional 14 shares during the period. Integrated Wealth Management increased its stake in Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock worth $209,000 after buying an additional 17 shares during the period. Finally, Conservest Capital Advisors Inc. increased its stake in Time Warner by 0.4% in the second quarter. Conservest Capital Advisors Inc. now owns 7,857 shares of the media conglomerate’s stock worth $789,000 after buying an additional 31 shares during the period. 79.86% of the stock is owned by hedge funds and other institutional investors.

Shares of Time Warner Inc. (NYSE:TWX) opened at 99.15 on Thursday. Time Warner Inc. has a 12 month low of $74.27 and a 12 month high of $102.45. The firm has a market capitalization of $76.89 billion, a PE ratio of 18.91 and a beta of 1.05. The stock’s 50 day moving average price is $99.73 and its 200-day moving average price is $98.11.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, topping the consensus estimate of $1.44 by $0.22. Time Warner had a net margin of 13.90% and a return on equity of 19.45%. The firm had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.66 billion. During the same quarter in the previous year, the company posted $1.49 EPS. Time Warner’s revenue was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that Time Warner Inc. will post $6.04 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be given a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, July 6th. Time Warner’s dividend payout ratio (DPR) is presently 30.78%.

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A number of equities research analysts have issued reports on the company. BidaskClub downgraded Time Warner from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. MKM Partners reaffirmed a “neutral” rating and issued a $107.50 target price (up previously from $90.00) on shares of Time Warner in a research report on Monday, May 1st. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research report on Friday, July 14th. Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Thursday, July 13th. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research report on Monday, April 17th. One research analyst has rated the stock with a sell rating, twenty-two have assigned a hold rating, twelve have given a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average target price of $100.95.

In related news, CFO Howard M. Averill acquired 255 shares of the company’s stock in a transaction that occurred on Thursday, June 15th. The stock was purchased at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the transaction, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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.

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

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