Jones Collombin Investment Counsel Inc Lowers stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Jones Collombin Investment Counsel Inc reduced its stake in Time Warner Inc by 13.65% during the most recent quarter end. The investment management company now holds a total of 101,316 shares of Time Warner Inc which is valued at $8,059,688 after selling 16,010 shares in Time Warner Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016.Time Warner Inc makes up approximately 2.54% of Jones Collombin Investment Counsel Inc’s portfolio.

Other Hedge Funds, Including , Crestpoint Capital Management reduced its stake in TWX by selling 11,400 shares or 42.22% in the most recent quarter. The Hedge Fund company now holds 15,600 shares of TWX which is valued at $1,240,980. Time Warner Inc makes up approx 0.65% of Crestpoint Capital Management’s portfolio.Charter Trust Co boosted its stake in TWX in the latest quarter, The investment management firm added 395 additional shares and now holds a total of 10,857 shares of Time Warner Inc which is valued at $863,674. Time Warner Inc makes up approx 0.10% of Charter Trust Co’s portfolio.Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in TWX in the latest quarter, The investment management firm added 4,154 additional shares and now holds a total of 186,094 shares of Time Warner Inc which is valued at $14,803,778. Time Warner Inc makes up approx 0.33% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Community Bank N.a. boosted its stake in TWX in the latest quarter, The investment management firm added 31 additional shares and now holds a total of 138 shares of Time Warner Inc which is valued at $10,957.Hudson Valley Investment Advisors Inc Adv reduced its stake in TWX by selling 1,225 shares or 7.85% in the most recent quarter. The Hedge Fund company now holds 14,373 shares of TWX which is valued at $1,140,641. Time Warner Inc makes up approx 0.35% of Hudson Valley Investment Advisors Inc Adv’s portfolio.

Time Warner Inc opened for trading at $79.74 and hit $80.08 on the upside on Friday, eventually ending the session at $79.55, with a gain of 0.19% or 0.15 points. The heightened volatility saw the trading volume jump to 24,49,102 shares. Company has a market cap of $61,877 M.

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.

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 .

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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