Time Warner Inc. (TWX) Holdings Lessened by Trillium Asset Management LLC

Trillium Asset Management LLC reduced its holdings in Time Warner Inc. (NYSE:TWX) by 42.4% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,868 shares of the media conglomerate’s stock after selling 24,954 shares during the quarter. Trillium Asset Management LLC’s holdings in Time Warner were worth $3,470,000 at the end of the most recent reporting period. Several other institutional investors have also made changes to their positions in TWX. BlackRock Inc. increased its holdings in shares of Time Warner by 2,169.2% in the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after acquiring an additional 40,940,053 shares in the last quarter. Canyon Capital Advisors LLC increased its holdings in shares of Time Warner by 397.0% in the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock worth $556,541,000 after acquiring an additional 4,549,848 shares in the last quarter. OZ Management LP increased its holdings in shares of Time Warner by 98.2% in the first quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock worth $610,049,000 after acquiring an additional 3,093,353 shares in the last quarter. Renaissance Technologies LLC increased its holdings in shares of Time Warner by 4,979.0% in the first quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock worth $261,700,000 after acquiring an additional 2,625,600 shares in the last quarter. Finally, Janus Henderson Group PLC increased its holdings in shares of Time Warner by 2,022.3% in the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after acquiring an additional 2,069,495 shares in the last quarter. Institutional investors own 79.11% of the company’s stock. TWX has been the subject of a number of research reports. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price objective for the company in a report on Thursday, July 13th. BidaskClub downgraded Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a report on Friday, July 14th. Jefferies Group LLC reiterated a “hold” rating and set a $105.00 price objective (up from $102.42) on shares of Time Warner in a report on Sunday, July 30th. Finally, Cowen and Company reiterated a “hold” rating and set a $107.50 price objective on shares of Time Warner in a report on Thursday, August 3rd. Twenty-four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $104.55. Shares of Time Warner Inc. (NYSE TWX) traded down $2.24 on Wednesday, hitting $92.42. The stock had a trading volume of 2,091,599 shares, compared to its average volume of 7,854,278. Time Warner Inc. has a one year low of $85.22 and a one year high of $103.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. The company has a market cap of $73,545.90, a price-to-earnings ratio of 15.59, a price-to-earnings-growth ratio of 1.49 and a beta of 0.98. Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The business had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. Time Warner’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.83 EPS. equities analysts expect that Time Warner Inc. will post 6.19 earnings per share for the current fiscal year. The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a dividend of $0.4025 per share. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.74%. Time Warner’s dividend payout ratio is currently 30.73%. Time Warner Profile 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.