Pinkerton Retirement Specialists LLC Buys 1,606 Shares of Time Warner Inc (TWX)
Pinkerton Retirement Specialists LLC grew its stake in shares of Time Warner Inc (NYSE:TWX) by 22.3% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 8,807 shares of the media conglomerate’s stock after purchasing an additional 1,606 shares during the period. Pinkerton Retirement Specialists LLC’s holdings in Time Warner were worth $910,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds also recently modified their holdings of the business. Clearbridge Investments LLC grew its holdings in shares of Time Warner by 0.4% in the first quarter. Clearbridge Investments LLC now owns 6,272,139 shares of the media conglomerate’s stock valued at $612,851,000 after acquiring an additional 27,620 shares in the last quarter. Park National Corp OH grew its holdings in shares of Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after acquiring an additional 14 shares in the last quarter. DnB Asset Management AS grew its holdings in shares of Time Warner by 1.3% in the second quarter. DnB Asset Management AS now owns 136,689 shares of the media conglomerate’s stock valued at $13,725,000 after acquiring an additional 1,800 shares in the last quarter. Stillwater Investment Management LLC grew its holdings in shares of Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after acquiring an additional 9 shares in the last quarter. Finally, Catawba Capital Management VA grew its holdings in shares of Time Warner by 5.9% in the second quarter. Catawba Capital Management VA now owns 11,220 shares of the media conglomerate’s stock valued at $1,127,000 after acquiring an additional 626 shares in the last quarter. 78.11% of the stock is owned by hedge funds and other institutional investors.
TWX has been the subject of several recent analyst reports. Deutsche Bank reaffirmed a “buy” rating and issued a $99.00 target price on shares of Time Warner in a report on Friday, November 10th. Loop Capital reduced their price objective on Time Warner from $107.50 to $102.00 and set a “hold” rating for the company in a report on Thursday, November 9th. Cowen reissued a “hold” rating and set a $102.00 price objective on shares of Time Warner in a report on Friday, October 27th. ValuEngine lowered Time Warner from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, Pivotal Research raised Time Warner from a “hold” rating to a “buy” rating and increased their price objective for the company from $102.00 to $103.00 in a report on Monday, November 13th. Twenty-three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $103.00.
Time Warner Inc (TWX) traded down $0.70 during trading hours on Thursday, hitting $90.38. The company’s stock had a trading volume of 4,704,100 shares, compared to its average volume of 4,754,382. The stock has a market capitalization of $70,914.25, a P/E ratio of 15.03, a P/E/G ratio of 1.43 and a beta of 0.95. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80.
Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.23. The firm had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.83 earnings per share. equities analysts forecast that Time Warner Inc will post 6.2 earnings per share for the current 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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