Central Bank Trust Co Lowers stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Central Bank Trust Co reduced its stake in Time Warner Inc by 11.93% during the most recent quarter end. The investment management company now holds a total of 21,946 shares of Time Warner Inc which is valued at $1,733,295 after selling 2,974 shares in Time Warner Inc , the firm said in a disclosure report filed with the SEC on Oct 7, 2016.Time Warner Inc makes up approximately 0.49% of Central Bank Trust Co’s portfolio.

Other Hedge Funds, Including , Exxonmobil Investment Management Inc Tx reduced its stake in TWX by selling 4,947 shares or 2.43% in the most recent quarter. The Hedge Fund company now holds 198,611 shares of TWX which is valued at $15,686,297. Time Warner Inc makes up approx 0.33% of Exxonmobil Investment Management Inc Tx’s portfolio. Summit Financial Wealth Advisors sold out all of its stake in TWX during the most recent quarter. The investment firm sold 4,133 shares of TWX which is valued $328,945. West Oak Capital added TWX to its portfolio by purchasing 400 company shares during the most recent quarter which is valued at $31,836. Time Warner Inc makes up approx 0.02% of West Oak Capital’s portfolio.Eqis Capital Management boosted its stake in TWX in the latest quarter, The investment management firm added 123 additional shares and now holds a total of 4,749 shares of Time Warner Inc which is valued at $377,973. Time Warner Inc makes up approx 0.02% of Eqis Capital Management’s portfolio.

Time Warner Inc closed down -0.68 points or -0.85% at $78.98 with 29,15,453 shares getting traded on Friday. Post opening the session at $79.84, the shares hit an intraday low of $78.745 and an intraday high of $79.84 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.

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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