Time Warner Inc (TWX) : Mrj Capital Inc added new position in Time Warner Inc during the most recent quarter end. The investment management firm now holds 44,400 shares of Time Warner Inc which is valued at $3,576,420 , the company said in a statement filed on Aug 11, 2016 with the SEC.Time Warner Inc makes up approximately 2.34% of Mrj Capital Inc’s portfolio.
Other Hedge Funds, Including , Gareth Morgan Investments Limited Partnership added TWX to its portfolio by purchasing 113,660 company shares during the most recent quarter which is valued at $9,155,313. Time Warner Inc makes up approx 0.85% of Gareth Morgan Investments Limited Partnership’s portfolio. Provise Management Group added TWX to its portfolio by purchasing 57,862 company shares during the most recent quarter which is valued at $4,503,399. Time Warner Inc makes up approx 0.81% of Provise Management Group’s portfolio.Hanson Doremus Investment Management reduced its stake in TWX by selling 50 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 18,080 shares of TWX which is valued at $1,385,832. Time Warner Inc makes up approx 0.60% of Hanson Doremus Investment Management’s portfolio.Genesee Valley Trust Co boosted its stake in TWX in the latest quarter, The investment management firm added 68 additional shares and now holds a total of 6,377 shares of Time Warner Inc which is valued at $496,960. Time Warner Inc makes up approx 0.32% of Genesee Valley Trust Co’s portfolio.
Time Warner Inc opened for trading at $80.85 and hit $81 on the upside on Tuesday, eventually ending the session at $80.7, with a gain of 0.24% or 0.19 points. The heightened volatility saw the trading volume jump to 23,64,738 shares. Company has a market cap of $62,772 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.
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