Arbor Wealth Management buys $2,557,463 stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Arbor Wealth Management scooped up 1,087 additional shares in Time Warner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 31,750 shares of Time Warner Inc which is valued at $2,557,463.Time Warner Inc makes up approximately 2.40% of Arbor Wealth Management’s portfolio.

Other Hedge Funds, Including , Ipswich Investment Management sold out all of its stake in TWX during the most recent quarter. The investment firm sold 315 shares of TWX which is valued $24,516.Northwest Investment Counselors boosted its stake in TWX in the latest quarter, The investment management firm added 747 additional shares and now holds a total of 17,451 shares of Time Warner Inc which is valued at $1,367,460. Time Warner Inc makes up approx 0.72% of Northwest Investment Counselors’s portfolio.Loeb Partners Corp boosted its stake in TWX in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 55,050 shares of Time Warner Inc which is valued at $4,313,718. Time Warner Inc makes up approx 1.40% of Loeb Partners Corp’s portfolio.

Time Warner Inc closed down -0.03 points or -0.04% at $80.8 with 26,04,228 shares getting traded on Friday. Post opening the session at $80.57, the shares hit an intraday low of $80.47 and an intraday high of $80.98 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 $1.29 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.

Investors should note that on Aug 3, 2016, Time Warner Inc announced a cash dividend of $0.4025. The company’s management has announced Aug 29, 2016 as the ex-dividend date and fixed the record date on Aug 31, 2016. The payable date has been fixed on Sep 15, 2016.

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 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $92 .

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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