First Trust Advisors LP boosted its position in Time Warner Inc (NYSE:TWX) by 26.5% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 16,514 shares of the media conglomerate’s stock after purchasing an additional 3,464 shares during the period. First Trust Advisors LP’s holdings in Time Warner were worth $1,511,000 as of its most recent SEC filing.
A number of other hedge funds have also recently modified their holdings of TWX. Nationwide Fund Advisors grew its position in Time Warner by 0.6% in the 3rd quarter. Nationwide Fund Advisors now owns 218,764 shares of the media conglomerate’s stock worth $22,412,000 after purchasing an additional 1,410 shares in the last quarter. New York State Common Retirement Fund grew its position in Time Warner by 1.8% in the 3rd quarter. New York State Common Retirement Fund now owns 2,043,800 shares of the media conglomerate’s stock worth $209,387,000 after purchasing an additional 35,700 shares in the last quarter. Nordea Investment Management AB grew its position in Time Warner by 5.2% in the 3rd quarter. Nordea Investment Management AB now owns 464,753 shares of the media conglomerate’s stock worth $47,614,000 after purchasing an additional 22,935 shares in the last quarter. Legal & General Group Plc grew its position in Time Warner by 2.1% in the 3rd quarter. Legal & General Group Plc now owns 4,044,883 shares of the media conglomerate’s stock worth $414,386,000 after purchasing an additional 82,127 shares in the last quarter. Finally, Achmea Investment Management B.V. grew its position in Time Warner by 21.5% in the 3rd quarter. Achmea Investment Management B.V. now owns 97,793 shares of the media conglomerate’s stock worth $10,014,000 after purchasing an additional 17,308 shares in the last quarter. 80.77% of the stock is owned by institutional investors and hedge funds.
In related news, Director Deborah C. Wright sold 4,019 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $93.61, for a total transaction of $376,218.59. Following the sale, the director now directly owns 27,785 shares in the company, valued at approximately $2,600,953.85. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.16. The company had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. Time Warner’s revenue was up 9.1% compared to the same quarter last year. During the same period in the prior year, the company posted $1.25 EPS. research analysts predict that Time Warner Inc will post 7.67 earnings per share for the current fiscal year.
TWX has been the subject of a number of recent analyst reports. Wells Fargo reaffirmed a “market perform” rating and issued a $98.00 price objective (up from $84.00) on shares of Time Warner in a research report on Thursday, January 4th. Guggenheim reiterated a “buy” rating on shares of Time Warner in a research note on Thursday, January 4th. Zacks Investment Research upgraded shares of Time Warner from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. Pivotal Research reiterated a “buy” rating and issued a $108.00 target price (up from $103.00) on shares of Time Warner in a research note on Tuesday, January 9th. Finally, Barclays set a $100.00 target price on shares of Time Warner and gave the company a “hold” rating in a research note on Tuesday, January 23rd. Fourteen investment analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $104.61.
COPYRIGHT VIOLATION WARNING: This article was posted by Ticker Report and is owned by of Ticker Report. If you are viewing this article on another website, it was illegally stolen and republished in violation of United States and international copyright & trademark law. The correct version of this article can be read at https://www.tickerreport.com/banking-finance/3295392/time-warner-inc-twx-holdings-raised-by-first-trust-advisors-lp.html.
Time Warner 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.
Receive News & Ratings for Time Warner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner and related companies with MarketBeat.com's FREE daily email newsletter.