Time Warner Inc (TWX) Stake Lifted by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of Time Warner Inc (NYSE:TWX) by 0.4% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 544,685 shares of the media conglomerate’s stock after purchasing an additional 1,924 shares during the period. Public Employees Retirement System of Ohio owned approximately 0.07% of Time Warner worth $55,803,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TWX. Cowen Inc. grew its position in shares of Time Warner by 833.4% during the 3rd quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock valued at $263,933,000 after purchasing an additional 2,300,205 shares in the last quarter. Janus Henderson Group PLC grew its position in Time Warner by 2,022.3% in the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after acquiring an additional 2,069,495 shares in the last quarter. Empyrean Capital Partners LP grew its position in Time Warner by 93.1% in the second quarter. Empyrean Capital Partners LP now owns 4,257,932 shares of the media conglomerate’s stock worth $427,539,000 after acquiring an additional 2,052,932 shares in the last quarter. Farallon Capital Management LLC grew its position 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 acquiring an additional 1,895,000 shares in the last quarter. Finally, Canada Pension Plan Investment Board grew its position in Time Warner by 624.8% in the second quarter. Canada Pension Plan Investment Board now owns 2,044,346 shares of the media conglomerate’s stock worth $205,273,000 after acquiring an additional 1,762,300 shares in the last quarter. Hedge funds and other institutional investors own 78.11% of the company’s stock.

Several research analysts recently issued reports on the stock. Cowen reiterated a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research report on Thursday, October 12th. Wells Fargo & Company reiterated a “market perform” rating and issued a $84.00 target price (down from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Credit Suisse Group lowered shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a research report on Monday, September 18th. B. Riley reiterated a “neutral” rating and issued a $101.00 target price (down from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Finally, Deutsche Bank reiterated a “buy” rating and issued a $99.00 target price on shares of Time Warner in a research report on Friday, November 10th. Twenty-three equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $103.00.

Time Warner Inc (NYSE TWX) traded up $0.58 during trading on Friday, reaching $90.23. 3,532,139 shares of the company’s stock traded hands, compared to its average volume of 4,777,230. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. The company has a market capitalization of $70,120.09, a P/E ratio of 14.86, a PEG ratio of 1.42 and a beta of 0.95. Time Warner Inc has a 1-year low of $85.88 and a 1-year high of $103.90.

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

In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were 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 directly owns 855,925 shares of the company’s stock, valued at $77,589,601.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.16% of the company’s stock.

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About Time Warner

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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