Time Warner Inc (TWX) Shares Sold by Janney Montgomery Scott LLC
Janney Montgomery Scott LLC decreased its holdings in shares of Time Warner Inc (NYSE:TWX) by 2.9% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 99,728 shares of the media conglomerate’s stock after selling 2,982 shares during the quarter. Janney Montgomery Scott LLC’s holdings in Time Warner were worth $10,217,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also bought and sold shares of the company. Cowen Inc. lifted its holdings in Time Warner by 833.4% in the 3rd quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after buying an additional 2,300,205 shares in the last quarter. Janus Henderson Group PLC lifted its holdings in Time Warner by 2,022.3% in the 2nd quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after buying an additional 2,069,495 shares in the last quarter. Empyrean Capital Partners LP lifted its holdings in Time Warner by 93.1% in the 2nd quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after buying an additional 2,052,932 shares in the last quarter. Farallon Capital Management LLC lifted its holdings in Time Warner by 37.3% in the 2nd quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock worth $700,862,000 after buying an additional 1,895,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Time Warner by 624.8% in the 2nd quarter. Canada Pension Plan Investment Board now owns 2,044,346 shares of the media conglomerate’s stock worth $205,273,000 after buying an additional 1,762,300 shares in the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.
A number of equities analysts have commented on the stock. Cowen reiterated a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a report on Thursday, October 12th. Wells Fargo & Company reissued a “market perform” rating and issued a $84.00 target price (down previously from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Credit Suisse Group downgraded shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a research report on Monday, September 18th. B. Riley reissued a “neutral” rating and issued a $101.00 target price (down previously from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Finally, Deutsche Bank reissued a “buy” rating and issued a $99.00 target price on shares of Time Warner in a research report on Friday, November 10th. Twenty-three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $103.00.
In other news, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the sale, the chief executive officer now directly owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Corporate insiders own 0.16% of the company’s stock.
Time Warner Inc (NYSE TWX) traded up $0.11 during trading on Tuesday, reaching $90.82. 2,954,800 shares of the company’s stock were exchanged, compared to its average volume of 4,750,034. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. The firm has a market cap of $70,626.17, a price-to-earnings ratio of 14.97, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. Time Warner Inc has a 52-week low of $85.88 and a 52-week high of $103.90.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period in the prior year, the business posted $1.83 EPS. research analysts anticipate that Time Warner Inc will post 6.2 earnings per share for the current year.
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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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