Time Warner Inc. (TWX) Holdings Reduced by Argent Trust Co
Argent Trust Co decreased its holdings in Time Warner Inc. (NYSE:TWX) by 1.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 7,135 shares of the media conglomerate’s stock after selling 70 shares during the quarter. Argent Trust Co’s holdings in Time Warner were worth $716,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of TWX. BlackRock Inc. grew its holdings in Time Warner by 2,169.2% in the 1st quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock valued at $4,184,660,000 after buying an additional 40,940,053 shares during the period. Canyon Capital Advisors LLC grew its holdings in Time Warner by 397.0% in the 1st quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock valued at $556,541,000 after buying an additional 4,549,848 shares during the period. OZ Management LP grew its holdings in Time Warner by 98.2% in the 1st quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock valued at $610,049,000 after buying an additional 3,093,353 shares during the period. Renaissance Technologies LLC grew its holdings in Time Warner by 4,979.0% in the 1st quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock valued at $261,700,000 after buying an additional 2,625,600 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in Time Warner by 624.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,044,346 shares of the media conglomerate’s stock valued at $205,273,000 after buying an additional 1,762,300 shares during the period. Institutional investors own 79.16% of the company’s stock.
Time Warner Inc. (NYSE TWX) opened at 102.89 on Thursday. Time Warner Inc. has a 52 week low of $74.68 and a 52 week high of $103.34. The company’s 50-day moving average price is $101.65 and its 200-day moving average price is $99.76. The company has a market capitalization of $80.03 billion, a P/E ratio of 19.09 and a beta of 1.04.
Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The business had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the prior year, the firm posted $1.29 EPS. Time Warner’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts forecast that Time Warner Inc. will post $6.10 EPS for the current fiscal year.
Several analysts have commented on TWX shares. Royal Bank Of Canada restated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Friday, July 14th. BidaskClub cut Time Warner from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, July 13th. Finally, Evercore ISI cut Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a report on Monday, August 7th. One research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have given a buy rating to the stock. Time Warner currently has an average rating of “Hold” and a consensus target price of $102.91.
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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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