New York State Teachers Retirement System reduced its holdings in Time Warner Inc. (NYSE:TWX) by 0.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,331,968 shares of the media conglomerate’s stock after selling 5,633 shares during the quarter. New York State Teachers Retirement System owned 0.17% of Time Warner worth $136,460,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in TWX. Atlantic Trust Group LLC boosted its position in shares of Time Warner by 4.7% during the first quarter. Atlantic Trust Group LLC now owns 15,563 shares of the media conglomerate’s stock worth $1,520,000 after buying an additional 704 shares during the period. Bank of Hawaii boosted its position in shares of Time Warner by 0.4% during the first quarter. Bank of Hawaii now owns 15,066 shares of the media conglomerate’s stock worth $1,472,000 after buying an additional 63 shares during the period. Arizona State Retirement System boosted its position in shares of Time Warner by 0.6% during the first quarter. Arizona State Retirement System now owns 191,736 shares of the media conglomerate’s stock worth $18,735,000 after buying an additional 1,100 shares during the period. Blair William & Co. IL boosted its position in shares of Time Warner by 52.2% during the first quarter. Blair William & Co. IL now owns 29,036 shares of the media conglomerate’s stock worth $2,848,000 after buying an additional 9,954 shares during the period. Finally, Neuberger Berman Group LLC boosted its position in shares of Time Warner by 5.0% during the first quarter. Neuberger Berman Group LLC now owns 1,180,372 shares of the media conglomerate’s stock worth $115,334,000 after buying an additional 56,470 shares during the period. Institutional investors own 79.21% of the company’s stock.

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Several research firms have recently weighed in on TWX. Zacks Investment Research raised Time Warner from a “sell” rating to a “hold” rating and set a $110.00 price objective for the company in a research report on Monday. Royal Bank Of Canada reaffirmed a “hold” rating and set a $102.00 price objective on shares of Time Warner in a research report on Friday, October 27th. Cowen and Company reaffirmed a “hold” rating and set a $102.00 price objective on shares of Time Warner in a research report on Friday, October 27th. ValuEngine cut Time Warner from a “buy” rating to a “hold” rating in a research report on Thursday, October 26th. Finally, KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. One equities research analyst has rated the stock with a sell rating, twenty-three have issued a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $104.90.

Time Warner Inc. (NYSE:TWX) traded up 0.154% during trading on Wednesday, reaching $98.441. The company’s stock had a trading volume of 3,858,876 shares. Time Warner Inc. has a 12 month low of $85.22 and a 12 month high of $103.90. The company has a market cap of $76.57 billion, a price-to-earnings ratio of 18.264 and a beta of 1.02. The stock’s 50 day moving average is $101.76 and its 200 day moving average is $100.54.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.23. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.83 earnings per share. On average, equities analysts expect that Time Warner Inc. will post $6.18 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be issued a $0.4025 dividend. The ex-dividend date of this dividend is Friday, October 6th. This represents a $1.61 annualized dividend and a dividend yield of 1.64%. Time Warner’s payout ratio is currently 30.73%.

About Time Warner

Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.

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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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