Cypress Capital Group increased its position in Time Warner Inc (NYSE:TWX) by 15.2% during the first quarter, HoldingsChannel.com reports. The firm owned 7,595 shares of the media conglomerate’s stock after buying an additional 1,000 shares during the quarter. Cypress Capital Group’s holdings in Time Warner were worth $718,000 as of its most recent filing with the SEC.
Several other hedge funds have also recently modified their holdings of the company. Stevens First Principles Investment Advisors raised its holdings in Time Warner by 945.9% in the 1st quarter. Stevens First Principles Investment Advisors now owns 1,161 shares of the media conglomerate’s stock valued at $110,000 after acquiring an additional 1,050 shares during the period. Slow Capital Inc. bought a new position in Time Warner in the 4th quarter valued at about $113,000. McKinley Carter Wealth Services Inc. bought a new position in Time Warner in the 1st quarter valued at about $128,000. Centaurus Financial Inc. bought a new position in Time Warner in the 1st quarter valued at about $134,000. Finally, Silvant Capital Management LLC bought a new position in Time Warner in the 1st quarter valued at about $142,000. 78.93% of the stock is currently owned by institutional investors.
TWX has been the topic of several research analyst reports. Zacks Investment Research cut shares of Time Warner from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Barclays reissued a “hold” rating and issued a $98.00 price target on shares of Time Warner in a report on Monday, April 30th. Moffett Nathanson cut shares of Time Warner from a “buy” rating to a “neutral” rating in a report on Wednesday, June 13th. Pivotal Research cut shares of Time Warner from a “buy” rating to a “hold” rating and lowered their price target for the company from $108.00 to $105.00 in a report on Tuesday, April 17th. Finally, UBS Group raised shares of Time Warner from a “neutral” rating to a “buy” rating and increased their price target for the company from $95.26 to $108.00 in a report on Monday, March 12th. One research analyst has rated the stock with a sell rating, eighteen have given a hold rating and seven have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $103.42.
Shares of Time Warner opened at $98.77 on Wednesday, MarketBeat Ratings reports. Time Warner Inc has a 12-month low of $85.88 and a 12-month high of $103.90. The company has a market cap of $77.27 billion, a price-to-earnings ratio of 15.38, a price-to-earnings-growth ratio of 1.82 and a beta of 0.88. The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, April 26th. The media conglomerate reported $2.28 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.74 by $0.54. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. The firm had revenue of $8 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the prior year, the business posted $1.66 EPS. The business’s revenue was up 3.4% compared to the same quarter last year. equities analysts expect that Time Warner Inc will post 8.16 earnings per share for the current fiscal year.
About Time Warner
Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.
Want to see what other hedge funds are holding TWX? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Time Warner Inc (NYSE:TWX).
Receive News & Ratings for Time Warner Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner and related companies with MarketBeat.com's FREE daily email newsletter.