Time Warner Inc (TWX) Shares Sold by QS Investors LLC
QS Investors LLC cut its stake in Time Warner Inc (NYSE:TWX) by 6.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 114,993 shares of the media conglomerate’s stock after selling 7,432 shares during the period. QS Investors LLC’s holdings in Time Warner were worth $10,518,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of TWX. Bank of Nova Scotia Trust Co. purchased a new position in Time Warner in the third quarter valued at about $102,000. Americafirst Capital Management LLC purchased a new position in Time Warner in the third quarter valued at about $106,000. Zions Bancorporation increased its holdings in Time Warner by 698.6% in the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after buying an additional 999 shares in the last quarter. Vestpro Financial Partners Inc. dba CPF Texas purchased a new position in Time Warner in the fourth quarter valued at about $131,000. Finally, NTV Asset Management LLC purchased a new position in Time Warner in the third quarter valued at about $202,000. 80.06% of the stock is owned by institutional investors.
Shares of Time Warner Inc (TWX) opened at $95.26 on Friday. Time Warner Inc has a 1 year low of $85.88 and a 1 year high of $103.90. The stock has a market cap of $74,288.70, a P/E ratio of 14.86, a P/E/G ratio of 1.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.
TWX has been the subject of a number of research analyst reports. Guggenheim reaffirmed a “buy” rating on shares of Time Warner in a report on Thursday, January 4th. Pivotal Research reiterated a “buy” rating and issued a $108.00 price target (up from $103.00) on shares of Time Warner in a research report on Tuesday, January 9th. upgraded shares of Time Warner from a “hold” rating to a “buy” rating and increased their price target for the company from $102.00 to $103.00 in a research report on Wednesday, November 15th. Rosenblatt Securities upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a research report on Monday, November 13th. Finally, Moffett Nathanson upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Fifteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Time Warner has an average rating of “Hold” and a consensus price target of $104.15.
In related news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Deborah C. Wright sold 4,019 shares of the firm’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the sale, the director now owns 27,785 shares in the company, valued at approximately $2,600,953.85. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,488 shares of company stock worth $2,878,069. 0.16% of the stock is owned by company insiders.
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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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