Suffolk Capital Management buys $15,385,311 stake in Time Warner Inc (TWX)

Time Warner Inc (TWX) : Suffolk Capital Management scooped up 609 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 8, 2016. The investment management firm now holds a total of 191,312 shares of Time Warner Inc which is valued at $15,385,311.Time Warner Inc makes up approximately 1.84% of Suffolk Capital Management’s portfolio.

Other Hedge Funds, Including , Feltz Wealth Plan boosted its stake in TWX in the latest quarter, The investment management firm added 1,339 additional shares and now holds a total of 1,632 shares of Time Warner Inc which is valued at $131,245. Time Warner Inc makes up approx 0.01% of Feltz Wealth Plan’s portfolio.Bank Of Hawaii reduced its stake in TWX by selling 82 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 10,531 shares of TWX which is valued at $819,628. Time Warner Inc makes up approx 0.09% of Bank Of Hawaii’s portfolio.National Investment Services Inc Wi reduced its stake in TWX by selling 1,184 shares or 4.15% in the most recent quarter. The Hedge Fund company now holds 27,326 shares of TWX which is valued at $2,129,515. Time Warner Inc makes up approx 2.33% of National Investment Services Inc Wi’s portfolio.Rockefeller Financial Services Inc reduced its stake in TWX by selling 637 shares or 2.83% in the most recent quarter. The Hedge Fund company now holds 21,894 shares of TWX which is valued at $1,715,614. Time Warner Inc makes up approx 0.03% of Rockefeller Financial Services Inc’s portfolio.Mitchell Sinkler Starrpa reduced its stake in TWX by selling 270 shares or 6.76% in the most recent quarter. The Hedge Fund company now holds 3,725 shares of TWX which is valued at $290,736. Time Warner Inc makes up approx 0.39% of Mitchell Sinkler Starrpa’s portfolio.

Time Warner Inc opened for trading at $80.67 and hit $81.03 on the upside on Monday, eventually ending the session at $80.86, with a gain of 0.38% or 0.31 points. The heightened volatility saw the trading volume jump to 24,92,993 shares. Company has a market cap of $62,896 M.

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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