Aviva PLC Boosts Stake in Time Warner Inc. (TWX)
Aviva PLC lifted its position in Time Warner Inc. (NYSE:TWX) by 1.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 487,564 shares of the media conglomerate’s stock after purchasing an additional 4,850 shares during the quarter. Aviva PLC owned 0.06% of Time Warner worth $48,956,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently bought and sold shares of TWX. Bellwether Investment Group LLC boosted its holdings in shares of Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after purchasing an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its holdings in shares of Time Warner by 9.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after purchasing an additional 100 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Time Warner in the 1st quarter worth about $138,000. Archford Capital Strategies LLC boosted its holdings in Time Warner by 43.5% during the 1st quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock valued at $155,000 after acquiring an additional 481 shares during the period. Finally, City Holding Co. boosted its holdings in Time Warner by 7.7% during the 2nd quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock valued at $172,000 after acquiring an additional 123 shares during the period. Hedge funds and other institutional investors own 79.28% of the company’s stock.
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TWX has been the subject of several analyst reports. BidaskClub cut Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a report on Thursday, July 13th. Jefferies Group LLC restated a “buy” rating and set a $105.00 target price on shares of Time Warner in a report on Monday, May 22nd. Barclays PLC cut Time Warner from an “overweight” rating to an “equal weight” rating and increased their target price for the company from $95.00 to $107.00 in a report on Friday, August 4th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $108.00 target price on shares of Time Warner in a report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $102.25.
In other Time Warner news, CFO Howard M. Averill acquired 255 shares of Time Warner stock in a transaction that occurred on Thursday, June 15th. The stock was bought at an average price of $99.67 per share, with a total value of $25,415.85. Following the completion of the purchase, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.16% of the company’s stock.
Time Warner Inc. (NYSE TWX) opened at 100.20 on Friday. Time Warner Inc. has a 52-week low of $74.27 and a 52-week high of $103.34. The company’s 50-day moving average price is $101.62 and its 200-day moving average price is $99.55. The company has a market cap of $77.94 billion, a price-to-earnings ratio of 18.59 and a beta of 1.04.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. The company had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. Time Warner’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.29 earnings per share. Equities research analysts expect that Time Warner Inc. will post $6.10 EPS for the current fiscal year.
Time Warner Profile
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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