Time Warner Cable Inc (TWC) : Canada Pension Plan Investment Board scooped up 495,000 additional shares in Time Warner Cable Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 1,045,000 shares of Time Warner Cable Inc which is valued at $225.2 Million.Time Warner Cable Inc makes up approximately 0.95% of Canada Pension Plan Investment Board’s portfolio.
Other Hedge Funds, Including , California Public Employees Retirement System boosted its stake in TWC in the latest quarter, The investment management firm added 18,400 additional shares and now holds a total of 851,113 shares of Time Warner Cable Inc which is valued at $181.4 Million. Time Warner Cable Inc makes up approx 0.29% of California Public Employees Retirement System’s portfolio.World Asset Management Inc reduced its stake in TWC by selling 3,393 shares or 10.37% in the most recent quarter. The Hedge Fund company now holds 29,336 shares of TWC which is valued at $6.2 Million. Time Warner Cable Inc makes up approx 0.24% of World Asset Management Inc’s portfolio.Commerce Bank boosted its stake in TWC in the latest quarter, The investment management firm added 40 additional shares and now holds a total of 5,293 shares of Time Warner Cable Inc which is valued at $1.1 Million. Time Warner Cable Inc makes up approx 0.02% of Commerce Bank’s portfolio.
On the company’s financial health, Time Warner Cable Inc reported $1.81 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 28, 2016. Analyst had a consensus of $1.76. The company had revenue of $6191.00 million for the quarter, compared to analysts expectations of $6144.90 million. The company’s revenue was up 7.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.65 EPS.
Many Wall Street Analysts have commented on Time Warner Cable Inc. Company shares were Reiterated by Deutsche Bank on May 12, 2016 to “Buy”, Firm has raised the Price Target to $ 240 from a previous price target of $224 .Company shares were Reiterated by Wunderlich on May 2, 2016 to “Hold”, Firm has raised the Price Target to $ 237 from a previous price target of $219 .
Time Warner Cable Inc. (TWC) is a provider of video high-speed data and voice services in the United States with clustered cable systems located in five geographic areas including New York State the Carolinas the Midwest Southern California and Texas. TWC operates in three segments: Residential Services Business Services and Other Operations. TWC offers video high-speed data and voice services as well as security and home management services to residential customers. Its video service provides over 300 channels including on average over 200 high-definition (HD) channels and 20000 video-on-demand (VOD) choices. It offers a variety of products and services to business customers including high-speed data networking voice video hosting and cloud computing services. Its Other Operations segment consists of Time Warner Cable Media (TWC Media) the advertising sales arm of TWC and its regional sports networks its local sports news and lifestyle channels and SportsNet LA.