Analysts expect Enbridge Inc (TSE:ENB) to report $0.46 EPS on August, 4.They anticipate $0.04 EPS change or 8.00% from last quarter's $0.5 EPS. The institutional investor owned 5,760 shares of the media conglomerate's stock after buying an additional 43 shares during the period. Institutional investors and hedge funds own 79.78% of the company's stock. Parsons Ri holds 0.19% of its portfolio in Time Warner Inc (NYSE:TWX) for 15,114 shares. 1,747,765 shares of the company were exchanged. Finally, Kentucky Retirement Systems Insurance Trust Fund acquired a new stake in shares of Time Warner during the fourth quarter worth approximately $2,410,000. It also increased its holding in Micron Technology Inc (NASDAQ:MU) by 587,416 shares in the quarter, for a total of 11.85 million shares, and has risen its stake in Eli Lilly & Co (NYSE:LLY). Chevy Chase Trust Holdings Inc. now owns 705,679 shares of the media conglomerate's stock worth $68,951,000 after buying an additional 18,540 shares during the period. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate's stock worth $155,000 after buying an additional 481 shares in the last quarter.
As for Warner Bros., which falls under the Time Warner umbrella, it was a big up and down. (NYSE:TWX) traded up 0.13% on Wednesday, reaching $102.55. The firm owned 54,093 shares of the media conglomerate's stock at the end of the first quarter.
Time Warner performed best in its Warner Bros division, where revenues increased 12 per cent to $3 billion, due to higher film and video games sales. Time Warner's 50-day moving average is $100.19 and its 200-day moving average is $98.55. The company has market cap of $86.08 billion.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. Time Warner's growth during the second quarter was driven by subscription gains for both Turner as well as Home Box Office/HBO, which saw revenues increase 13% and eight percent, respectively.
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Time Warner has 52 week low of $74.27 and a 52 week high of $103.34 with a PE ratio of 19.57 and has a market capitalization of $0. The business's revenue was up 5.4% compared to the same quarter a year ago. The company's revenue for the quarter was up 5.4% compared to the same quarter previous year. Equities analysts forecast that Time Warner Inc. will post $6.05 EPS for the current year. Stockholders of record on Monday, July 10th were paid a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.57%. Time Warner's dividend payout ratio is presently 30.78%.
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A number of research analysts have recently commented on TWX shares. Jefferies Group LLC reaffirmed a "buy" rating and issued a $105.00 target price on shares of Time Warner in a research report on Monday, May 22nd. Drexel Hamilton initiated the shares of TWX in report on Thursday, January 14 with "Buy" rating. BidaskClub upgraded Time Warner from a "hold" rating to a "buy" rating in a research note on Tuesday. Barrington Research maintained it with "Outperform" rating and $86 target in Friday, November 6 report. Finally, Pivotal Research lowered Time Warner from a "buy" rating to a "hold" rating and upped their price objective for the stock from $100.00 to $107.50 in a research note on Thursday, April 20th. (NASDAQ:TWX), 5 rate it "Buy", 5 "Outperform", 19 "Underperform", 0 "Sell", while 0 "Hold".
In other Time Warner news, CFO Howard M. Averill bought 255 shares of the company's stock in a transaction dated Thursday, June 15th. Following the completion of the purchase, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. $16.67M worth of Time Warner Inc (NYSE:TWX) was sold by BEWKES JEFFREY L on Tuesday, February 21.