Jones Financial Companies Lllp cut its stake in shares of Time Warner Inc (NYSE:TWX) by 14.9% in the fourth quarter, HoldingsChannel.com reports. The fund owned 16,154 shares of the media conglomerate’s stock after selling 2,824 shares during the period. Jones Financial Companies Lllp’s holdings in Time Warner were worth $1,477,000 at the end of the most recent reporting period.
Other large investors also recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. acquired a new position in Time Warner during the third quarter worth $102,000. Americafirst Capital Management LLC acquired a new position in Time Warner during the third quarter worth $106,000. Zions Bancorporation raised its position in Time Warner by 698.6% during the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock worth $117,000 after acquiring an additional 999 shares during the period. Vestpro Financial Partners Inc. dba CPF Texas acquired a new position in Time Warner during the fourth quarter worth $131,000. Finally, NTV Asset Management LLC acquired a new position in Time Warner during the third quarter worth $202,000. Institutional investors own 80.89% of the company’s stock.
Shares of Time Warner Inc (NYSE TWX) opened at $96.75 on Tuesday. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The stock has a market cap of $74,288.66, a PE ratio of 14.86, a P/E/G ratio of 1.48 and a beta of 0.93. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.
A number of equities research analysts have recently commented on TWX shares. Guggenheim reiterated a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Pivotal Research reiterated a “buy” rating and issued a $108.00 target price (up from $103.00) on shares of Time Warner in a research report on Tuesday, January 9th. upgraded shares of Time Warner from a “hold” rating to a “buy” rating and increased their target price for the company from $102.00 to $103.00 in a research report on Wednesday, November 15th. Rosenblatt Securities upgraded shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 target price for the company in a research report on Monday, November 13th. Finally, Moffett Nathanson upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Fifteen research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $104.36.
In related news, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William P. Barr sold 4,019 shares of the firm’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $97.20, for a total transaction of $390,646.80. Following the sale, the director now owns 44,959 shares of the company’s stock, valued at $4,370,014.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 31,488 shares of company stock valued at $2,878,069. 0.16% of the stock is owned by company insiders.
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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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