Investors Sell Shares of Time Warner Inc. (TWX) on Strength (TWX)

Xavier Trudeau
Août 3, 2017

First Bank & Trust now owns 3,396 shares of the media conglomerate's stock worth $332,000 after buying an additional 9 shares during the period. Westwood Holdings Group Inc.'s holdings in Time Warner were worth $53,672,000 at the end of the most recent quarter.

Time Warner saw its net income rise to $1.1bn for the three months ended 30 June, with a strong performance from its Warner Bros film division aiding the rise. Allianz Asset Management Ag sold 91.60M shares as Time Warner Inc (TWX)'s stock rose 1.19%.

Highbridge Capital Management Llc, which manages about $32.39 billion and $5.62B US Long portfolio, decreased its stake in Old Rep Intl Corp (Prn) by 13.26M shares to 28.07M shares, valued at $35.26M in 2016Q4, according to the filing. Stillwater Investment Management LLC increased its position in shares of Time Warner by 0.4% in the first quarter. Malaga Cove Capital LLC now owns 23,148 shares of the media conglomerate's stock worth $2,328,000 after buying an additional 58 shares in the last quarter. The Swiss National Bank holds 2.17M shares with $209.13 million value, down from 2.18M last quarter. National Pension Service now owns 571,120 shares of the media conglomerate's stock worth $55,993,000 after buying an additional 11,935 shares in the last quarter. Searle & CO. acquired a new stake in shares of Time Warner during the fourth quarter worth approximately $470,000. The institutional investor owned 549,297 shares of the media conglomerate's stock after selling 40,130 shares during the period. Boosts Position in Time Warner Inc. The stock of Time Warner Inc (NYSE:TWX) has "Buy" rating given on Wednesday, November 2 by Pivotal Research.

Time Warner Inc. has a 12 month low of $74.27 and a 12 month high of $103.34. The firm has a market cap of $79.53 billion, a price-to-earnings ratio of 19.56 and a beta of 1.05. The company's 50-day moving average is $100.19 and its 200 day moving average is $98.55.

Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, August 2nd. Analysts predicted that Time Warner would have per-share revenue earnings of $1.19 on revenue of $7.3 billion, Variety said.

Overall revenue rose 5.4 per cent to $7.33-billion, in line with analysts' expectations of $7.3-billion. 4,651,180 shares of the company's stock were exchanged. During the same quarter past year, the company earned $1.29 EPS. Both figures were ahead of analysts' forecasts. Burney invested in 124,134 shares or 0.81% of the stock. The ex-dividend date was Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.57%. It improved, as 65 investors sold Time Warner Inc shares while 344 reduced holdings.

TRADEMARK VIOLATION NOTICE: "Westwood Holdings Group Inc".

Addison Clark Management L.L.C. holds 2.09% of its portfolio in Roadrunner Transportation Systems Inc for 108,000 shares. "(NYSE:TWX)" was first published by BNB Daily and is the property of of BNB Daily. If you are viewing this article on another publication, it was stolen and republished in violation of USA and global copyright legislation. The original version of this piece can be read at https://transcriptdaily.com/2017/08/03/wilbanks-smith-thomas-asset-management-llc-lowers-position-in-time-warner-inc-nysetwx-updated-updated.html.

A number of research firms have issued reports on TWX. MKM Partners restated a "neutral" rating and set a $107.50 target price (up previously from $90.00) on shares of Time Warner in a research note on Monday, May 1st. Finally, FBR & Co restated a "buy" rating and issued a $107.50 price objective on shares of Time Warner in a research note on Friday, April 7th. One research analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating on the company. The company has a consensus rating of "Hold" and a consensus target price of $100.95. The shares were acquired at an average price of $99.67 per share, for a total transaction of $25,415.85. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. The biggest holder now is Stephen M. Case who owns 15,122,240 shares (1.95% of those outstanding), whilst R.E. Turner holds 1,741,370 (0.22% of shares outstanding) and Jeffrey L. Bewkes holds 526,447 (0.07% of shares outstanding).

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