Time Warner Inc (TWX) Shares Bought by Lido Advisors LLC
Lido Advisors LLC raised its holdings in shares of Time Warner Inc (NYSE:TWX) by 24.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 7,409 shares of the media conglomerate’s stock after purchasing an additional 1,455 shares during the quarter. Lido Advisors LLC’s holdings in Time Warner were worth $728,000 at the end of the most recent reporting period.
Several other large investors have also added to or reduced their stakes in the company. Financial Advisors Network Inc. raised its holdings in shares of Time Warner by 37.9% in the first quarter. Financial Advisors Network Inc. now owns 3,417 shares of the media conglomerate’s stock valued at $337,000 after acquiring an additional 940 shares in the last quarter. Bank of Nova Scotia raised its holdings in shares of Time Warner by 29.5% in the first quarter. Bank of Nova Scotia now owns 1,227,961 shares of the media conglomerate’s stock valued at $119,985,000 after acquiring an additional 280,039 shares in the last quarter. Achmea Investment Management B.V. bought a new stake in shares of Time Warner in the first quarter valued at about $13,480,000. Piedmont Investment Advisors LLC raised its holdings in shares of Time Warner by 36.5% in the first quarter. Piedmont Investment Advisors LLC now owns 225,887 shares of the media conglomerate’s stock valued at $22,071,000 after acquiring an additional 60,384 shares in the last quarter. Finally, Clearbridge Investments LLC raised its holdings in shares of Time Warner by 0.4% in the first quarter. Clearbridge Investments LLC now owns 6,272,139 shares of the media conglomerate’s stock valued at $612,851,000 after acquiring an additional 27,620 shares in the last quarter. Institutional investors and hedge funds own 78.11% of the company’s stock.
Shares of Time Warner Inc (NYSE TWX) traded up $1.41 during trading hours on Tuesday, reaching $92.71. The company’s stock had a trading volume of 6,077,800 shares, compared to its average volume of 4,755,504. Time Warner Inc has a one year low of $85.88 and a one year high of $103.90. The firm has a market capitalization of $71,510.00, a P/E ratio of 15.07, a PEG ratio of 1.44 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same period in the prior year, the company posted $1.83 EPS. The business’s quarterly revenue was up 6.0% on a year-over-year basis. equities research analysts anticipate that Time Warner Inc will post 6.2 EPS for the current year.
Several research firms recently weighed in on TWX. Cowen restated a “hold” rating and issued a $107.50 price objective on shares of Time Warner in a report on Thursday, October 12th. Jefferies Group reiterated a “hold” rating and issued a $105.00 target price on shares of Time Warner in a report on Wednesday, October 11th. Needham & Company LLC reiterated a “hold” rating on shares of Time Warner in a report on Tuesday, September 26th. Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Evercore ISI downgraded shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 target price for the company. in a report on Monday, August 7th. Twenty-three research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $102.87.
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Time Warner Company 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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