Private Wealth Partners Lowers stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Private Wealth Partners reduced its stake in Time Warner Inc by 1.45% during the most recent quarter end. The investment management company now holds a total of 173,540 shares of Time Warner Inc which is valued at $13,039,796 after selling 2,560 shares in Time Warner Inc , the firm said in a disclosure report filed with the SEC on Apr 25, 2016.Time Warner Inc makes up approximately 3.12% of Private Wealth Partners’s portfolio.

Time Warner Inc opened for trading at $74.86 and hit $75.6 on the upside on Monday, eventually ending the session at $75.32, with a gain of 0.24% or 0.18 points. The heightened volatility saw the trading volume jump to 47,62,222 shares. Company has a market cap of $59,514 M.

Other Hedge Funds, Including , Washington Trust Bank boosted its stake in TWX in the latest quarter, The investment management firm added 350 additional shares and now holds a total of 4,765 shares of Time Warner Inc which is valued at $358,042. Time Warner Inc makes up approx 0.09% of Washington Trust Bank’s portfolio.Regent Investment Management boosted its stake in TWX in the latest quarter, The investment management firm added 270 additional shares and now holds a total of 43,165 shares of Time Warner Inc which is valued at $3,308,597. Time Warner Inc makes up approx 1.81% of Regent Investment Management’s portfolio. Centurylink Investment Management Co sold out all of its stake in TWX during the most recent quarter. The investment firm sold 4,093 shares of TWX which is valued $313,728.Fox Run Management L.l.c. boosted its stake in TWX in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 8,300 shares of Time Warner Inc which is valued at $636,195. Time Warner Inc makes up approx 0.41% of Fox Run Management L.l.c.’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. Time Warner Inc was Downgraded by Pacific Crest to ” Sector Weight” on May 2, 2016. Company shares were Reiterated by MKM Partners on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $78 .Company shares were Reiterated by Telsey Advisory Group on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 91 from a previous price target of $89 .

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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