Time Warner Inc (TWX) : Regent Investment Management reduced its stake in Time Warner Inc by 1.29% during the most recent quarter end. The investment management company now holds a total of 42,610 shares of Time Warner Inc which is valued at $3,319,745 after selling 555 shares in Time Warner Inc , the firm said in a disclosure report filed with the SEC on Jul 15, 2016.Time Warner Inc makes up approximately 1.74% of Regent Investment Management’s portfolio.
Other Hedge Funds, Including , Nisa Investment Advisors boosted its stake in TWX in the latest quarter, The investment management firm added 8,440 additional shares and now holds a total of 314,330 shares of Time Warner Inc which is valued at $24,489,450. Time Warner Inc makes up approx 0.32% of Nisa Investment Advisors’s portfolio.Creative Planning reduced its stake in TWX by selling 339 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 41,437 shares of TWX which is valued at $3,234,158. Time Warner Inc makes up approx 0.02% of Creative Planning’s portfolio.Fisher Asset Management boosted its stake in TWX in the latest quarter, The investment management firm added 3,254 additional shares and now holds a total of 16,823 shares of Time Warner Inc which is valued at $1,313,035.Jacobs Coca reduced its stake in TWX by selling 900 shares or 12.69% in the most recent quarter. The Hedge Fund company now holds 6,191 shares of TWX which is valued at $483,208. Time Warner Inc makes up approx 0.11% of Jacobs Coca’s portfolio.
Time Warner Inc closed down -0.73 points or -0.93% at $77.91 with 34,53,465 shares getting traded on Monday. Post opening the session at $78.43, the shares hit an intraday low of $77.87 and an intraday high of $78.48 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
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.