Beacon Financial Group buys $702,018 stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Beacon Financial Group scooped up 1,751 additional shares in Time Warner Inc during the most recent quarter end , according to a recent disclosure to the SEC on Apr 1, 2016. The investment management firm now holds a total of 9,618 shares of Time Warner Inc which is valued at $702,018.Time Warner Inc makes up approximately 0.15% of Beacon Financial Group’s portfolio.

On the company’s financial health, Time Warner Inc reported $1.06 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Feb 10, 2016. Analyst had a consensus of $1.01. The company had revenue of $7079.00 million for the quarter, compared to analysts expectations of $7536.20 million. The company’s revenue was down -5.9 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.98 EPS.

Many Wall Street Analysts have commented on Time Warner Inc. RBC Capital Mkts Initiated Time Warner Inc on Apr 8, 2016 to “Outperform”, Price Target of the shares are set at $92.Shares were Reiterated by Barclays on Feb 29, 2016 to “Equal Weight” and Lowered the Price Target to $ 76 from a previous price target of $80 .Shares were Reiterated by FBR Capital on Feb 19, 2016 to “Mkt Perform” and Lowered the Price Target to $ 73 from a previous price target of $81 .

Time Warner Inc closed down -0.34 points or -0.46% at $73.27 with 59,18,798 shares getting traded on Monday. Post opening the session at $73.62, the shares hit an intraday low of $73.22 and an intraday high of $73.9 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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