Cullen Frost Bankers Inc. cut its holdings in Time Warner (NYSE:TWX) by 42.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 11,412 shares of the media conglomerate’s stock after selling 8,496 shares during the quarter. Cullen Frost Bankers Inc.’s holdings in Time Warner were worth $1,079,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in TWX. Assenagon Asset Management S.A. grew its position in shares of Time Warner by 61.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 23,558 shares of the media conglomerate’s stock valued at $2,155,000 after purchasing an additional 8,947 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in shares of Time Warner by 21.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 73,860 shares of the media conglomerate’s stock valued at $6,755,000 after purchasing an additional 12,854 shares during the last quarter. BTIM Corp. grew its position in shares of Time Warner by 28.6% in the fourth quarter. BTIM Corp. now owns 3,150 shares of the media conglomerate’s stock valued at $288,000 after purchasing an additional 700 shares during the last quarter. Congress Asset Management Co. MA grew its position in shares of Time Warner by 3.4% in the fourth quarter. Congress Asset Management Co. MA now owns 50,126 shares of the media conglomerate’s stock valued at $4,585,000 after purchasing an additional 1,636 shares during the last quarter. Finally, Mutual of America Capital Management LLC grew its position in shares of Time Warner by 3.2% in the fourth quarter. Mutual of America Capital Management LLC now owns 98,441 shares of the media conglomerate’s stock valued at $9,004,000 after purchasing an additional 3,095 shares during the last quarter. Institutional investors and hedge funds own 78.99% of the company’s stock.

Time Warner opened at $94.16 on Friday, Marketbeat.com reports. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62. The company has a market cap of $73.04 billion, a price-to-earnings ratio of 14.67, a P/E/G ratio of 1.74 and a beta of 0.87. Time Warner has a fifty-two week low of $85.88 and a fifty-two week high of $103.90.

Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, April 26th. The media conglomerate reported $2.28 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.54. The company had revenue of $8 billion for the quarter, compared to the consensus estimate of $7.93 billion. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. Time Warner’s revenue was up 3.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.66 earnings per share. equities analysts predict that Time Warner will post 8.09 earnings per share for the current fiscal year.

Several research firms have recently commented on TWX. Barrington Research reiterated a “buy” rating and issued a $110.00 price target on shares of Time Warner in a research report on Wednesday, May 2nd. Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research note on Tuesday, May 1st. Barclays upped their price objective on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and reduced their price objective for the company from $108.00 to $105.00 in a research note on Tuesday, April 17th. Finally, Loop Capital began coverage on shares of Time Warner in a research note on Thursday, March 15th. They set a “buy” rating and a $107.50 price objective on the stock. Sixteen equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $104.19.

Time Warner Company Profile

Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.

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

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