Oppenheimer & Co. Inc. Cuts Position in Time Warner Inc. (TWX)
Oppenheimer & Co. Inc. cut its stake in Time Warner Inc. (NYSE:TWX) by 2.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 31,729 shares of the media conglomerate’s stock after selling 775 shares during the period. Oppenheimer & Co. Inc.’s holdings in Time Warner were worth $3,186,000 as of its most recent SEC filing.
Other large investors also recently made changes to their positions in the company. Bellwether Investment Group LLC grew its position in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after acquiring an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC grew its position in Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after acquiring an additional 100 shares in the last quarter. Motco purchased a new position in Time Warner in the second quarter worth $129,000. Archford Capital Strategies LLC grew its position in Time Warner by 43.5% in the first quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock worth $155,000 after acquiring an additional 481 shares in the last quarter. Finally, City Holding Co. grew its position in Time Warner by 7.7% in the second quarter. City Holding Co. now owns 1,715 shares of the media conglomerate’s stock worth $172,000 after acquiring an additional 123 shares in the last quarter. Institutional investors own 79.16% of the company’s stock.
Several research analysts recently issued reports on TWX shares. Morgan Stanley reiterated an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Time Warner in a research report on Tuesday, September 12th. Jefferies Group LLC reiterated a “hold” rating and issued a $105.00 target price on shares of Time Warner in a research report on Sunday, September 10th. Zacks Investment Research lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Monday, August 7th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research report on Tuesday, August 15th. One investment analyst has rated the stock with a sell rating, twenty-six have assigned a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Time Warner currently has an average rating of “Hold” and an average target price of $102.25.
Time Warner Inc. (TWX) opened at 101.87 on Monday. The stock has a market cap of $79.23 billion, a PE ratio of 18.90 and a beta of 1.04. The company’s 50 day moving average is $101.66 and its 200 day moving average is $99.70. Time Warner Inc. has a 12 month low of $74.27 and a 12 month high of $103.34.
Time Warner (NYSE:TWX) last announced 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. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter last year, the business posted $1.29 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. On average, analysts anticipate that Time Warner Inc. will post $6.10 EPS for the current fiscal year.
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Time Warner Company 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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