(NYSE:TWX) by 23.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate's stock valued at $261,700,000 after buying an additional 2,625,600 shares during the period.
Several institutional investors and hedge funds have recently made changes to their positions in the business. Legal & General Group Plc raised its stake in shares of Time Warner by 2.6% in the second quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate's stock worth $5,038,000 after buying an additional 1,513 shares during the last quarter. BlackRock Inc. boosted its stake in Time Warner by 4.0% during the 2nd quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate's stock worth $4,184,660,000 after acquiring an additional 40,940,053 shares during the last quarter. FTB Advisors Inc. raised its position in Time Warner by 8.5% in the third quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate's stock worth $218,073,000 after purchasing an additional 2,069,495 shares in the last quarter. Franklin Resources Inc. boosted its stake in Time Warner by 0.4% during the 2nd quarter. The stock of Time Warner Inc (NYSE:TWX) has "Outperform" rating given on Thursday, December 22 by FBR Capital. Finally, FMR LLC boosted its stake in Time Warner by 0.6% during the 1st quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate's stock worth $90,137,000 after buying an additional 11,740 shares during the last quarter. Empyrean Capital Partners Lp who had been investing in Time Warner Inc for a number of months, seems to be bullish on the $67.76B market cap company. Time Warner has a 52 week low of $55.53 and a 52 week high of $96.88. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. Drexel Hamilton initiated Time Warner Inc (NYSE:TWX) rating on Thursday, January 14. They expect $1.46 EPS, up 16.80% or $0.21 from last year's $1.25 per share. The business had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a net margin of 15.75% and a return on equity of 18.95%. Time Warner's quarterly revenue was up 6.0% compared to the same quarter past year. During the same period in the prior year, the company posted $1.83 earnings per share. analysts forecast that Time Warner Inc. will post 6.2 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.66%. The ex-dividend date of this dividend was Monday, November 28th.
ILLEGAL ACTIVITY NOTICE: "IFC Holdings Incorporated FL Has $2.62 Million Position in Time Warner Inc". Peddock Capital Advsr Lc invested 0% of its portfolio in Time Warner Inc (NYSE:TWX). If you are viewing this piece on another publication, it was stolen and republished in violation of global copyright and trademark law. Credit Suisse Group AG upgraded shares of Time Warner from a neutral rating to an outperform rating and raised their price target for the company from $86.42 to $107.50 in a research note on Monday, November 7th.
AT&T's share price was up slightly on Wednesday at $33.88 while Time Warner slipped about half a percent to trade at $87.00 in mid-morning trading. RBC Capital Markets maintained it with "Hold" rating and $108.0 target in Friday, September 15 report. (NYSE:TWX), 13 have Buy rating, 0 Sell and 26 Hold. Deutsche Bank AG restated a buy rating and issued a $108.00 price target on shares of Time Warner in a research note on Friday, November 4th. Twenty-two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of "Hold" and a consensus price target of $103.68.
More notable recent Time Warner Inc (NYSE:TWX) news were published by: Moodys.com which released: "Moody's says regulatory pressure on AT&T-Time Warner deal creates uncertainty ..." on November 10, 2017, also Bloomberg.com with their article: "I Never Root for Megamergers, But Go, AT&T-Time Warner!" published on November 09, 2017, Finance.Yahoo.com published: "What Does Time Warner Inc Drama Mean For AT&T Inc.?" on November 02, 2017. 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.