Cumberland Partners Ltd Lowers stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Cumberland Partners Ltd reduced its stake in Time Warner Inc by 2.37% during the most recent quarter end. The investment management company now holds a total of 98,750 shares of Time Warner Inc which is valued at $7,695,588 after selling 2,400 shares in Time Warner Inc , the firm said in a disclosure report filed with the SEC on Jul 26, 2016.Time Warner Inc makes up approximately 1.05% of Cumberland Partners Ltd’s portfolio.

Other Hedge Funds, Including , Horrell Capital Management sold out all of its stake in TWX during the most recent quarter. The investment firm sold 33 shares of TWX which is valued $2,572.Cypress Asset Management Inctx boosted its stake in TWX in the latest quarter, The investment management firm added 6,935 additional shares and now holds a total of 38,520 shares of Time Warner Inc which is valued at $2,999,167. Time Warner Inc makes up approx 0.58% of Cypress Asset Management Inctx’s portfolio.Sumitomo Life Insurance Co reduced its stake in TWX by selling 1,281 shares or 3.4% in the most recent quarter. The Hedge Fund company now holds 36,387 shares of TWX which is valued at $2,834,911. Time Warner Inc makes up approx 0.38% of Sumitomo Life Insurance Co’s portfolio.Berson Corrado Investment Advisors boosted its stake in TWX in the latest quarter, The investment management firm added 3 additional shares and now holds a total of 3,996 shares of Time Warner Inc which is valued at $311,528. Time Warner Inc makes up approx 0.12% of Berson Corrado Investment Advisors’s portfolio.

Time Warner Inc closed down -0.97 points or -1.25% at $76.65 with 42,73,969 shares getting traded on Friday. Post opening the session at $77.44, the shares hit an intraday low of $76.59 and an intraday high of $77.82 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

On the company’s financial health, Time Warner Inc reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.29. The company had revenue of $7308.00 million for the quarter, compared to analysts expectations of $7294.27 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.

Many Wall Street Analysts have commented on Time Warner Inc. Company shares were Reiterated by Wedbush on Jul 29, 2016 to “Outperform”, Firm has raised the Price Target to $ 88 from a previous price target of $82 .Time Warner Inc was Downgraded by FBR Capital to ” Mkt Perform” on Jul 26, 2016. Time Warner Inc was Downgraded by Pacific Crest to ” Sector Weight” on May 2, 2016.

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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