Eaton Vance Management buys $286,985,927 stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Eaton Vance Management scooped up 3,027,578 additional shares in Time Warner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 9, 2016. The investment management firm now holds a total of 3,568,589 shares of Time Warner Inc which is valued at $286,985,927.Time Warner Inc makes up approximately 0.80% of Eaton Vance Management’s portfolio.

Other Hedge Funds, Including , First Personal Financial Services boosted its stake in TWX in the latest quarter, The investment management firm added 1,343 additional shares and now holds a total of 1,816 shares of Time Warner Inc which is valued at $142,992. Time Warner Inc makes up approx 0.05% of First Personal Financial Services’s portfolio.Boston Private Wealth boosted its stake in TWX in the latest quarter, The investment management firm added 4,821 additional shares and now holds a total of 35,852 shares of Time Warner Inc which is valued at $2,790,361. Time Warner Inc makes up approx 0.11% of Boston Private Wealth’s portfolio.Ibm Retirement Fund reduced its stake in TWX by selling 3,862 shares or 3.6% in the most recent quarter. The Hedge Fund company now holds 103,357 shares of TWX which is valued at $8,099,055. Time Warner Inc makes up approx 0.29% of Ibm Retirement Fund’s portfolio.

Time Warner Inc (TWX) witnessed a volatile trading activity on Wednesday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $80.88 and reached the intraday high at $81.22. The bulls started the profit booking and pushed the shares to intraday low of $80.69. The trading session was marked by a volume range of 49,40,533 shares exchanging hands. The 52-week high of the shares is $81.33 and the 52-week low is $55.53. The market cap of the company stands at $63,044 M and there are 77,78,42,230 shares in public circulation.

On the company’s financial health, Time Warner Inc reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.16. The company had revenue of $6952.00 million for the quarter, compared to analysts expectations of $7065.42 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.25 EPS.

Investors should note that on Aug 3, 2016, Time Warner Inc announced a cash dividend of $0.4025. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.

Many Wall Street Analysts have commented on Time Warner Inc. Company shares were Reiterated by Wunderlich on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 106 from a previous price target of $95 .Company shares were Reiterated by Wedbush on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $88 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $92 .

Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner which consists of cable networks and digital media properties; Home Box Office which consists of domestic premium pay television services and international premium pay and basic tier television services and Warner Bros. which consists of television feature film home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States its networks and related properties include TNT TBS Adult Swim truTV Turner Classic Movies Turner Sports Cartoon Network Boomerang CNN and HLN. Outside the United States Turner’s portfolio of brands and digital businesses reaches consumers in over 200 countries.

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