Time Warner Inc. (TWX) Stake Boosted by Estabrook Capital Management
Estabrook Capital Management grew its holdings in Time Warner Inc. (NYSE:TWX) by 6,963.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,715 shares of the media conglomerate’s stock after purchasing an additional 12,535 shares during the period. Estabrook Capital Management’s holdings in Time Warner were worth $1,277,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also made changes to their positions in TWX. Jacobi Capital Management LLC lifted its stake in shares of Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after purchasing an additional 20 shares during the last quarter. Bellwether Investment Group LLC lifted its stake in shares of Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after purchasing an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Time Warner by 9.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after purchasing an additional 100 shares during the last quarter. Motco acquired a new position in shares of Time Warner in the 2nd quarter valued at $129,000. Finally, Archford Capital Strategies LLC lifted its stake in shares of Time Warner by 43.5% in the 1st quarter. Archford Capital Strategies LLC now owns 1,587 shares of the media conglomerate’s stock valued at $155,000 after purchasing an additional 481 shares during the last quarter. 79.16% of the stock is currently owned by institutional investors and hedge funds.
Time Warner Inc. (NYSE TWX) opened at 102.40 on Friday. The stock has a market cap of $79.65 billion, a P/E ratio of 19.00 and a beta of 1.04. Time Warner Inc. has a 1-year low of $74.68 and a 1-year high of $103.34. The company’s 50-day moving average price is $101.65 and its 200-day moving average price is $99.76.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The business had revenue of $7.33 billion for the quarter, compared to analysts’ expectations of $7.29 billion. During the same quarter in the previous year, the firm posted $1.29 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Analysts predict that Time Warner Inc. will post $6.10 EPS for the current year.
Several equities analysts have recently commented on the company. Royal Bank Of Canada set a $108.00 price target on Time Warner and gave the company a “hold” rating in a research note on Monday, June 12th. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target on the stock. in a research note on Thursday, August 3rd. Credit Suisse Group lowered Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a research note on Monday, September 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Finally, BidaskClub raised Time Warner from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. One analyst has rated the stock with a sell rating, twenty-seven have issued a hold rating and seven have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $102.91.
TRADEMARK VIOLATION NOTICE: This article was posted by Watch List News and is the property of of Watch List News. If you are accessing this article on another domain, it was stolen and reposted in violation of US & international trademark and copyright laws. The correct version of this article can be viewed at https://www.watchlistnews.com/time-warner-inc-twx-stake-boosted-by-estabrook-capital-management/1582127.html.
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.
Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc. (NYSE:TWX).
Receive News & Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.