Keybank National Association OH Grows Position in Time Warner Inc. (TWX)
Keybank National Association OH lifted its position in Time Warner Inc. (NYSE:TWX) by 8.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 177,744 shares of the media conglomerate’s stock after acquiring an additional 13,657 shares during the period. Keybank National Association OH’s holdings in Time Warner were worth $17,847,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. IndexIQ Advisors LLC increased its position in shares of Time Warner by 53.1% in the 2nd quarter. IndexIQ Advisors LLC now owns 190,987 shares of the media conglomerate’s stock valued at $19,177,000 after acquiring an additional 66,261 shares during the period. OMERS ADMINISTRATION Corp increased its position in shares of Time Warner by 31.8% in the 2nd quarter. OMERS ADMINISTRATION Corp now owns 194,900 shares of the media conglomerate’s stock valued at $19,570,000 after acquiring an additional 47,000 shares during the period. Girard Partners LTD. increased its position in shares of Time Warner by 23.3% in the 2nd quarter. Girard Partners LTD. now owns 3,754 shares of the media conglomerate’s stock valued at $377,000 after acquiring an additional 709 shares during the period. Brighton Jones LLC acquired a new position in shares of Time Warner in the 2nd quarter valued at $1,361,000. Finally, Leucadia National Corp boosted its holdings in Time Warner by 70.9% in the second quarter. Leucadia National Corp now owns 337,704 shares of the media conglomerate’s stock valued at $33,909,000 after purchasing an additional 140,129 shares during the last quarter. 79.29% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Time Warner Inc. (NYSE:TWX) opened at 101.03 on Friday. The stock’s 50 day moving average is $101.70 and its 200-day moving average is $99.67. The firm has a market cap of $78.58 billion, a P/E ratio of 18.74 and a beta of 1.04. Time Warner Inc. has a one year low of $74.27 and a one year high of $103.34.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company’s revenue was up 5.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.29 earnings per share. Analysts anticipate that Time Warner Inc. will post $6.10 EPS for the current fiscal year.
Several equities research analysts have commented on the stock. Royal Bank Of Canada set a $108.00 price target on shares of Time Warner and gave the company a “hold” rating in a report on Monday, June 12th. Jefferies Group LLC lowered shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a report on Thursday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. BMO Capital Markets reissued a “hold” rating and set a $108.00 target price on shares of Time Warner in a research note on Friday, May 19th. Finally, BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One equities research analyst has rated the stock with a sell rating, twenty-six have given a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company’s stock. Time Warner presently has a consensus rating of “Hold” and a consensus price target of $102.25.
About Time Warner
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.
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