Provise Management Group adds Time Warner Inc (TWX) to its portfolio

Time Warner Inc (TWX) : Provise Management Group added new position in Time Warner Inc during the most recent quarter end. The investment management firm now holds 57,862 shares of Time Warner Inc which is valued at $4,503,399 , the company said in a statement filed on Aug 2, 2016 with the SEC.Time Warner Inc makes up approximately 0.81% of Provise Management Group’s portfolio.

Other Hedge Funds, Including , Wedbush Securities Inc boosted its stake in TWX in the latest quarter, The investment management firm added 697 additional shares and now holds a total of 10,491 shares of Time Warner Inc which is valued at $816,515. Time Warner Inc makes up approx 0.13% of Wedbush Securities Inc’s portfolio.Integrated Wealth Management reduced its stake in TWX by selling 21 shares or 0.77% in the most recent quarter. The Hedge Fund company now holds 2,723 shares of TWX which is valued at $211,931. Time Warner Inc makes up approx 0.08% of Integrated Wealth Management’s portfolio.Hanson Doremus Investment Management reduced its stake in TWX by selling 50 shares or 0.28% in the most recent quarter. The Hedge Fund company now holds 18,080 shares of TWX which is valued at $1,385,832. Time Warner Inc makes up approx 0.60% of Hanson Doremus Investment Management’s portfolio.Cibc World Markets boosted its stake in TWX in the latest quarter, The investment management firm added 2,334 additional shares and now holds a total of 22,921 shares of Time Warner Inc which is valued at $1,796,090. Time Warner Inc makes up approx 0.01% of Cibc World Markets’s portfolio.Hartford Investment Management Co reduced its stake in TWX by selling 5,320 shares or 2.6% in the most recent quarter. The Hedge Fund company now holds 199,644 shares of TWX which is valued at $15,644,104. Time Warner Inc makes up approx 0.32% of Hartford Investment Management Co’s portfolio.

Time Warner Inc closed down -0.37 points or -0.47% at $78.74 with 34,80,983 shares getting traded on Monday. Post opening the session at $79.25, the shares hit an intraday low of $78.6 and an intraday high of $79.38 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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 Turner’s portfolio of brands and digital businesses reaches consumers in over 200 countries.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *