Colony Group LLC lowered its position in Time Warner Inc (NYSE:TWX) by 1.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 109,735 shares of the media conglomerate’s stock after selling 1,750 shares during the quarter. Colony Group LLC’s holdings in Time Warner were worth $11,242,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its stake in Time Warner by 2.3% in the 2nd quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after purchasing an additional 1,116,818 shares during the period. BlackRock Inc. boosted its stake in Time Warner by 4.0% in the 2nd quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after purchasing an additional 1,696,681 shares during the period. Franklin Resources Inc. boosted its stake in Time Warner by 0.4% in the 2nd quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after purchasing an additional 51,596 shares during the period. Farallon Capital Management LLC boosted its stake in Time Warner by 37.3% in the 2nd quarter. Farallon Capital Management LLC now owns 6,980,000 shares of the media conglomerate’s stock worth $700,862,000 after purchasing an additional 1,895,000 shares during the period. Finally, Independent Franchise Partners LLP boosted its stake in Time Warner by 2.8% in the 3rd quarter. Independent Franchise Partners LLP now owns 6,765,645 shares of the media conglomerate’s stock worth $693,140,000 after purchasing an additional 186,323 shares during the period. 78.11% of the stock is owned by institutional investors.
Time Warner Inc (NYSE:TWX) traded up $0.11 during trading hours on Tuesday, reaching $90.82. The company had a trading volume of 2,954,800 shares, compared to its average volume of 4,750,034. The company has a market cap of $70,626.17, a P/E ratio of 14.97, a price-to-earnings-growth ratio of 1.43 and a beta of 0.95. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80.
Several research analysts have commented on the company. Cowen restated a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, October 12th. Wells Fargo & Company restated a “market perform” rating and issued a $84.00 target price (down previously from $100.00) on shares of Time Warner in a research note on Tuesday, November 21st. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a research note on Monday, September 18th. B. Riley reiterated a “neutral” rating and set a $101.00 price target (down previously from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Finally, Deutsche Bank reiterated a “buy” rating and set a $99.00 price target on shares of Time Warner in a research report on Friday, November 10th. Twenty-three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Time Warner has an average rating of “Hold” and an average target price of $103.00.
In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the sale, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.16% of the company’s stock.
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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.
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