Time Warner INC (TWX) Valuation Rose While Public Sector Pension Investment Board Has Lowered Its Position

April 21, 2018 - By Louis Casey

Time Warner Inc. (NYSE:TWX) LogoInvestors sentiment increased to 0.91 in 2017 Q4. Its up 0.15, from 0.76 in 2017Q3. It improved, as 64 investors sold TWX shares while 363 reduced holdings. 122 funds opened positions while 265 raised stakes. 598.25 million shares or 1.97% more from 586.69 million shares in 2017Q3 were reported. Fny Managed Accounts Llc has 1,016 shares. Bank Of Nova Scotia reported 0.7% stake. Pennsylvania-based Sageworth Co has invested 0% in Time Warner Inc. (NYSE:TWX). Parkside State Bank & Tru invested in 0.03% or 1,011 shares. Meyer Handelman holds 72,328 shares. Vertex One Asset Mgmt holds 1.36% or 87,060 shares in its portfolio. Water Island Capital holds 5.35% or 948,759 shares. Signaturefd Limited Liability Corp stated it has 0.05% of its portfolio in Time Warner Inc. (NYSE:TWX). Columbia Asset reported 28,552 shares. Lincoln National Corp invested in 3,551 shares or 0.01% of the stock. The New York-based Blackrock has invested 0.2% in Time Warner Inc. (NYSE:TWX). Winslow Evans & Crocker accumulated 1,134 shares or 0.03% of the stock. Corvex Ltd Partnership stated it has 1.93% of its portfolio in Time Warner Inc. (NYSE:TWX). First Midwest Comml Bank Trust Division owns 6,903 shares or 0.08% of their US portfolio. Symphony Asset Mngmt Limited stated it has 6,130 shares.

Since December 14, 2017, it had 0 insider buys, and 3 selling transactions for $2.88 million activity. OLAFSSON OLAF also sold $2.11M worth of Time Warner Inc. (NYSE:TWX) shares. BARR WILLIAM P had sold 4,019 shares worth $390,647.

Public Sector Pension Investment Board decreased its stake in Time Warner Inc (TWX) by 10.04% based on its latest 2017Q4 regulatory filing with the SEC. Public Sector Pension Investment Board sold 362,803 shares as the company’s stock rose 1.97% while stock markets declined. The institutional investor held 3.25 million shares of the television services company at the end of 2017Q4, valued at $297.44M, down from 3.61 million at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $75.05 billion market cap company. The stock decreased 0.35% or $0.34 during the last trading session, reaching $96.24. About 5.88 million shares traded or 11.00% up from the average. Time Warner Inc. (NYSE:TWX) has declined 3.25% since April 21, 2017 and is downtrending. It has underperformed by 14.80% the S&P500.

Public Sector Pension Investment Board, which manages about $15.38 billion US Long portfolio, upped its stake in Jpmorgan Chase & Co (NYSE:JPM) by 655,500 shares to 1.45M shares, valued at $155.04M in 2017Q4, according to the filing. It also increased its holding in Cdn Imperial Bk Comm Toronto (NYSE:CM) by 495,581 shares in the quarter, for a total of 795,581 shares, and has risen its stake in Las Vegas Sands Corp (NYSE:LVS).

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on April, 26 before the open. They expect $1.76 EPS, up 6.02 % or $0.10 from last year’s $1.66 per share. TWX’s profit will be $1.37B for 13.67 P/E if the $1.76 EPS becomes a reality. After $1.60 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts 10.00 % EPS growth.

Time Warner Inc. (NYSE:TWX) Ratings Coverage

Among 17 analysts covering Time Warner Inc (NYSE:TWX), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Time Warner Inc has $11000 highest and $84.0 lowest target. $103.69’s average target is 7.74% above currents $96.24 stock price. Time Warner Inc had 23 analyst reports since October 27, 2017 according to SRatingsIntel. The stock of Time Warner Inc. (NYSE:TWX) has “Buy” rating given on Monday, March 12 by UBS. The rating was maintained by Cowen & Co on Friday, October 27 with “Hold”. The firm has “Hold” rating given on Wednesday, November 22 by BMO Capital Markets. The rating was upgraded by Moffett Nathanson to “Buy” on Wednesday, January 31. The company was maintained on Tuesday, October 31 by Needham. On Monday, November 13 the stock rating was upgraded by Rosenblatt to “Buy”. The company was maintained on Thursday, February 1 by RBC Capital Markets. Guggenheim maintained it with “Buy” rating and $107.0 target in Thursday, February 1 report. Guggenheim maintained the shares of TWX in report on Thursday, January 4 with “Buy” rating. Loop Capital maintained Time Warner Inc. (NYSE:TWX) rating on Thursday, November 9. Loop Capital has “Hold” rating and $102 target.

Time Warner Inc. (NYSE:TWX) Institutional Positions Chart

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