Time Warner Inc (TWX) : S. Muoio scooped up 35,400 additional shares in Time Warner Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 73,168 shares of Time Warner Inc which is valued at $5.4 Million.Time Warner Inc makes up approximately 3.70% of S. Muoio’s portfolio.
Other Hedge Funds, Including , Dimensional Fund Advisors Lp boosted its stake in TWX in the latest quarter, The investment management firm added 19,015 additional shares and now holds a total of 8,903,366 shares of Time Warner Inc which is valued at $652 Million. Time Warner Inc makes up approx 0.40% of Dimensional Fund Advisors Lp’s portfolio. Cornerstone Advisors Inc sold out all of its stake in TWX during the most recent quarter. The investment firm sold 7,466 shares of TWX which is valued $546,735.Boyar Asset Management boosted its stake in TWX in the latest quarter, The investment management firm added 5,506 additional shares and now holds a total of 59,598 shares of Time Warner Inc which is valued at $4.5 Million. Time Warner Inc makes up approx 3.49% of Boyar Asset Management’s portfolio.
Time Warner Inc opened for trading at $73.18 and hit $74.05 on the upside on Wednesday, eventually ending the session at $73.36, with a gain of 0.31% or 0.23 points. The heightened volatility saw the trading volume jump to 23,29,693 shares. Company has a market cap of $57,690 M.
On the company’s financial health, Time Warner Inc reported $1.49 EPS for the quarter, beating the analyst consensus estimate by $ 0.20 according to the earnings call on May 4, 2016. Analyst had a consensus of $1.29. The company had revenue of $7308.00 million for the quarter, compared to analysts expectations of $7294.27 million. The company’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 EPS.
Many Wall Street Analysts have commented on Time Warner Inc. Time Warner Inc was Downgraded by Pacific Crest to ” Sector Weight” on May 2, 2016. Company shares were Reiterated by MKM Partners on Apr 28, 2016 to “Buy”, Firm has raised the Price Target to $ 86 from a previous price target of $78 .Company shares were Reiterated by Telsey Advisory Group on Apr 26, 2016 to “Outperform”, Firm has raised the Price Target to $ 91 from a previous price target of $89 .
Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner which consists of cable networks and digital media properties; Home Box Office which consists of domestic premium pay television services and international premium pay and basic tier television services and Warner Bros. which consists of television feature film home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States its networks and related properties include TNT TBS Adult Swim truTV Turner Classic Movies Turner Sports Cartoon Network Boomerang CNN and HLN. Outside the United States Turners portfolio of brands and digital businesses reaches consumers in over 200 countries.