LPL Financial LLC Raises Holdings in Time Warner Inc (TWX)

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LPL Financial LLC raised its stake in shares of Time Warner Inc (NYSE:TWX) by 52.9% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 44,024 shares of the media conglomerate’s stock after buying an additional 15,237 shares during the period. LPL Financial LLC’s holdings in Time Warner were worth $4,164,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Stevens First Principles Investment Advisors lifted its stake in shares of Time Warner by 945.9% in the 1st quarter. Stevens First Principles Investment Advisors now owns 1,161 shares of the media conglomerate’s stock valued at $110,000 after purchasing an additional 1,050 shares during the last quarter. Slow Capital Inc. acquired a new stake in shares of Time Warner in the 4th quarter valued at $113,000. Centaurus Financial Inc. acquired a new stake in shares of Time Warner in the 1st quarter valued at $134,000. Silvant Capital Management LLC acquired a new stake in shares of Time Warner in the 1st quarter valued at $142,000. Finally, Certified Advisory Corp acquired a new stake in shares of Time Warner in the 1st quarter valued at $150,000. 78.93% of the stock is owned by institutional investors.

Several research firms recently issued reports on TWX. Pivotal Research reaffirmed a “hold” rating on shares of Time Warner in a research note on Wednesday. Loop Capital lowered shares of Time Warner from a “buy” rating to a “hold” rating and set a $107.50 price objective for the company. in a research note on Wednesday, June 13th. Moffett Nathanson lowered shares of Time Warner from a “buy” rating to a “neutral” rating in a research note on Wednesday, June 13th. Barrington Research lowered shares of Time Warner from an “outperform” rating to a “market perform” rating and set a $96.00 price objective for the company. in a research note on Wednesday, June 13th. Finally, ValuEngine lowered shares of Time Warner from a “hold” rating to a “sell” rating in a research note on Saturday, June 2nd. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and seven have given a buy rating to the company’s stock. Time Warner has a consensus rating of “Hold” and an average price target of $103.42.

Shares of Time Warner opened at $98.77 on Wednesday, Marketbeat reports. Time Warner Inc has a 1 year low of $85.88 and a 1 year high of $103.90. The company has a market cap of $77.27 billion, a PE ratio of 15.38, a P/E/G ratio of 1.82 and a beta of 0.88. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62.

Time Warner (NYSE:TWX) last announced its earnings results on Thursday, April 26th. The media conglomerate reported $2.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.54. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. The company had revenue of $8 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same period in the prior year, the business earned $1.66 earnings per share. Time Warner’s quarterly revenue was up 3.4% on a year-over-year basis. research analysts predict that Time Warner Inc will post 8.16 EPS for the current year.

Time Warner Company Profile

Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.

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

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