Time Warner Inc (TWX) : Meru Capital Group Lp added new position in Time Warner Inc during the most recent quarter end. The investment management firm now holds 70,000 shares of Time Warner Inc which is valued at $5,638,500 , the company said in a statement filed on Aug 12, 2016 with the SEC.Time Warner Inc makes up approximately 1.81% of Meru Capital Group Lp’s portfolio.
Other Hedge Funds, Including , Janus Capital Management boosted its stake in TWX in the latest quarter, The investment management firm added 1,487,857 additional shares and now holds a total of 5,612,332 shares of Time Warner Inc which is valued at $452,073,343. Time Warner Inc makes up approx 0.37% of Janus Capital Management’s portfolio.Rhumbline Advisers boosted its stake in TWX in the latest quarter, The investment management firm added 20,394 additional shares and now holds a total of 1,206,292 shares of Time Warner Inc which is valued at $97,166,821. Time Warner Inc makes up approx 0.28% of Rhumbline Advisers’s portfolio.Bbva Compass Bancshares Inc reduced its stake in TWX by selling 6,499 shares or 32.51% in the most recent quarter. The Hedge Fund company now holds 13,493 shares of TWX which is valued at $1,034,238. Time Warner Inc makes up approx 0.08% of Bbva Compass Bancshares Inc’s portfolio.Dalton Greiner Hartman Maher Co reduced its stake in TWX by selling 17,046 shares or 5.33% in the most recent quarter. The Hedge Fund company now holds 302,518 shares of TWX which is valued at $23,611,530. Time Warner Inc makes up approx 1.41% of Dalton Greiner Hartman Maher Co’s portfolio.
Time Warner Inc opened for trading at $78.96 and hit $79.56 on the upside on Monday, eventually ending the session at $79.14, with a gain of 0.38% or 0.3025 points. The heightened volatility saw the trading volume jump to 24,82,994 shares. Company has a market cap of $61,558 M.
On the company’s financial health, Time Warner Inc reported $1.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Aug 3, 2016. Analyst had a consensus of $1.16. The company had revenue of $6952.00 million for the quarter, compared to analysts expectations of $7065.42 million. The company’s revenue was down -5.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.25 EPS.
Many Wall Street Analysts have commented on Time Warner Inc. Company shares were Reiterated by Wunderlich on Aug 4, 2016 to “Buy”, Firm has raised the Price Target to $ 106 from a previous price target of $95 .Company shares were Reiterated by Wedbush on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 90 from a previous price target of $88 .Company shares were Reiterated by RBC Capital Mkts on Aug 4, 2016 to “Outperform”, Firm has raised the Price Target to $ 95 from a previous price target of $92 .
Time Warner Inc. (Time Warner) is a media and entertainment company. The Company operates in three segments: Turner which consists of cable networks and digital media properties; Home Box Office which consists of domestic premium pay television services and international premium pay and basic tier television services and Warner Bros. which consists of television feature film home video and videogame production and distribution of digital and physical home entertainment products. Turner operates over 165 channels globally. In the United States its networks and related properties include TNT TBS Adult Swim truTV Turner Classic Movies Turner Sports Cartoon Network Boomerang CNN and HLN. Outside the United States Turners portfolio of brands and digital businesses reaches consumers in over 200 countries.