Investors Sell Shares of Time Warner (TWX) on Strength (TWX)
Traders sold shares of Time Warner Inc (NYSE:TWX) on strength during trading hours on Monday. $57.83 million flowed into the stock on the tick-up and $138.29 million flowed out of the stock on the tick-down, for a money net flow of $80.46 million out of the stock. Of all companies tracked, Time Warner had the 20th highest net out-flow for the day. Time Warner traded up $1.01 for the day and closed at $94.59
TWX has been the topic of a number of analyst reports. Zacks Investment Research cut Time Warner from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Rosenblatt Securities raised Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target on the stock in a report on Monday, November 13th. Guggenheim reissued a “buy” rating on shares of Time Warner in a report on Thursday, January 4th. Deutsche Bank reissued a “buy” rating and issued a $99.00 price target on shares of Time Warner in a report on Friday, November 10th. Finally, Wells Fargo & Co reissued a “market perform” rating and issued a $98.00 price target (up from $84.00) on shares of Time Warner in a report on Thursday, January 4th. Sixteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. Time Warner presently has an average rating of “Hold” and a consensus price target of $104.36.
The firm has a market cap of $73,470.00, a price-to-earnings ratio of 17.23, a PEG ratio of 1.37 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91.
In other news, Director William P. Barr sold 4,019 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $97.20, for a total transaction of $390,646.80. Following the sale, the director now directly owns 44,959 shares of the company’s stock, valued at approximately $4,370,014.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the sale, the chief executive officer now directly owns 855,925 shares in the company, valued at $77,589,601.25. The disclosure for this sale can be found here. Insiders have sold a total of 360,966 shares of company stock worth $32,745,250 over the last ninety days. Insiders own 0.16% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of the company. Bank of Nova Scotia Trust Co. bought a new position in shares of Time Warner during the 3rd quarter valued at approximately $102,000. Americafirst Capital Management LLC bought a new position in shares of Time Warner during the 3rd quarter valued at approximately $106,000. Zions Bancorporation increased its position in shares of Time Warner by 698.6% during the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares during the last quarter. Slow Capital Inc. bought a new position in shares of Time Warner during the 4th quarter valued at approximately $113,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Time Warner during the 4th quarter valued at approximately $131,000. 80.06% of the stock is currently owned by institutional investors and hedge funds.
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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