Commerzbank Aktiengesellschaft FI grew its holdings in shares of Time Warner Inc (NYSE:TWX) by 63.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 33,514 shares of the media conglomerate’s stock after acquiring an additional 12,988 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Time Warner were worth $3,434,000 as of its most recent SEC filing.
Several other hedge funds have also added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Time Warner by 2.3% in the second 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. grew its holdings in Time Warner by 4.0% in the second 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. grew its holdings in Time Warner by 0.4% in the second 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 grew its holdings in Time Warner by 37.3% in the second 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 grew its holdings in Time Warner by 2.8% in the third 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 hedge funds and other institutional investors.
TWX has been the subject of a number of research reports. Rosenblatt Securities upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a report on Monday, November 13th. Zacks Investment Research cut shares of Time Warner from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Credit Suisse Group cut shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price objective for the company. in a report on Monday, September 18th. Cowen reiterated a “hold” rating and set a $102.00 price objective on shares of Time Warner in a report on Friday, October 27th. Finally, Deutsche Bank reiterated a “buy” rating and set a $99.00 price objective on shares of Time Warner in a report on Friday, November 10th. Twenty-three research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Time Warner has an average rating of “Hold” and an average price target of $102.87.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.83 earnings per share. equities research analysts expect that Time Warner Inc will post 6.2 earnings per share for the current fiscal year.
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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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