NWQ Investment Management Company LLC trimmed its holdings in Time Warner Inc (NYSE:TWX) by 11.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 205,890 shares of the media conglomerate’s stock after selling 26,458 shares during the period. NWQ Investment Management Company LLC’s holdings in Time Warner were worth $18,833,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of TWX. Bank of Nova Scotia Trust Co. acquired a new position in Time Warner in the third quarter valued at about $102,000. Americafirst Capital Management LLC acquired a new position in Time Warner in the third quarter valued at about $106,000. Zions Bancorporation lifted its holdings in shares of Time Warner by 698.6% in the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares in the last quarter. Vestpro Financial Partners Inc. dba CPF Texas bought a new stake in shares of Time Warner in the fourth quarter valued at about $131,000. Finally, NTV Asset Management LLC bought a new stake in shares of Time Warner in the third quarter valued at about $202,000. 80.89% of the stock is owned by hedge funds and other institutional investors.
Shares of Time Warner Inc (NYSE:TWX) opened at $96.16 on Wednesday. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90. The stock has a market capitalization of $75,450.64, a PE ratio of 15.09, a P/E/G ratio of 1.51 and a beta of 0.93. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64.
A number of analysts have recently commented on TWX shares. Zacks Investment Research lowered Time Warner from a “hold” rating to a “sell” rating in a report on Friday, January 12th. Guggenheim restated a “buy” rating on shares of Time Warner in a report on Thursday, January 4th. UBS Group upgraded Time Warner from a “neutral” rating to a “buy” rating and boosted their price target for the company from $95.26 to $108.00 in a report on Monday. Wells Fargo & Co restated a “market perform” rating and issued a $98.00 price target (up from $84.00) on shares of Time Warner in a report on Thursday, January 4th. Finally, Pivotal Research restated a “buy” rating and issued a $108.00 price target (up from $103.00) on shares of Time Warner in a report on Tuesday, January 9th. Fifteen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Time Warner has a consensus rating of “Hold” and a consensus target price of $104.36.
In related news, Director Deborah C. Wright sold 4,019 shares of the company’s stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the sale, the director now owns 27,785 shares in the company, valued at $2,600,953.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The disclosure for this sale can be found here. Insiders have sold 31,488 shares of company stock worth $2,878,069 in the last quarter. 0.16% of the stock is currently owned by corporate insiders.
ILLEGAL ACTIVITY WARNING: This article was reported by American Banking News and is the property of of American Banking News. If you are reading this article on another domain, it was copied illegally and republished in violation of United States and international trademark and copyright law. The correct version of this article can be read at https://www.americanbankingnews.com/2018/03/14/time-warner-inc-twx-shares-sold-by-nwq-investment-management-company-llc.html.
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.
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.