Stifel Financial Corp Boosts Stake in Time Warner Inc (TWX)

Stifel Financial Corp lifted its stake in Time Warner Inc (NYSE:TWX) by 867.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 417,589 shares of the media conglomerate’s stock after acquiring an additional 374,435 shares during the quarter. Stifel Financial Corp owned approximately 0.05% of Time Warner worth $42,803,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Legal & General Group Plc increased its stake in shares of Time Warner by 2.6% in the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock worth $397,891,000 after acquiring an additional 99,059 shares during the last quarter. Segantii Capital Management Ltd bought a new stake in Time Warner in the second quarter worth $33,886,000. Blair William & Co. IL boosted its holdings in Time Warner by 27.9% in the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock worth $3,728,000 after purchasing an additional 8,096 shares in the last quarter. State of Wisconsin Investment Board boosted its holdings in Time Warner by 1.3% in the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock worth $90,137,000 after purchasing an additional 11,740 shares in the last quarter. Finally, Whittier Trust Co. boosted its holdings in Time Warner by 3.2% in the third quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock worth $5,038,000 after purchasing an additional 1,513 shares in the last quarter. 78.11% of the stock is currently owned by institutional investors and hedge funds.

Time Warner Inc (NYSE TWX) traded down $0.21 during midday trading on Monday, hitting $91.30. 4,291,200 shares of the company traded hands, compared to its average volume of 4,749,805. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90. The company has a market capitalization of $71,085.55, a PE ratio of 15.07, a PEG ratio of 1.44 and a beta of 0.95.

Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same quarter last year, the company earned $1.83 earnings per share. The firm’s revenue was up 6.0% on a year-over-year basis. sell-side analysts predict that Time Warner Inc will post 6.2 earnings per share for the current year.

A number of equities research analysts recently issued reports on TWX shares. Deutsche Bank reiterated a “buy” rating and issued a $99.00 price objective on shares of Time Warner in a report on Friday, November 10th. Rosenblatt Securities upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Monday, November 13th. Pivotal Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and upped their price objective for the stock from $102.00 to $103.00 in a report on Monday, November 13th. upgraded shares of Time Warner from a “hold” rating to a “buy” rating and upped their price objective for the stock from $102.00 to $103.00 in a report on Wednesday, November 15th. Finally, Barclays upped their price objective on shares of Time Warner from $92.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 21st. Twenty-three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average 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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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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