The stock of Time Warner Inc (NYSE:TWX) is a huge mover today! About 2.00M shares traded hands. Time Warner Inc (NYSE:TWX) has risen 17.82% since April 11, 2016 and is uptrending. It has outperformed by 11.68% the S&P500.
The move comes after 6 months positive chart setup for the $66.76B company. It was reported on Nov, 11 by Barchart.com. We have $121.58 PT which if reached, will make NYSE:TWX worth $26.70B more.
Time Warner Inc (NYSE:TWX) Ratings Coverage
Out of 30 analysts covering Time Warner Inc. (NYSE:TWX), 19 rate it a “Buy”, 0 “Sell”, while 11 “Hold”. This means 63% are positive. Time Warner Inc. has been the topic of 70 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Market Perform” rating on Monday, August 24 by Cowen & Co. On Tuesday, April 26 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Buy” rating given on Thursday, November 5 by CLSA. The rating was maintained by Jefferies with “Buy” on Thursday, August 4. Pivotal Research downgraded Time Warner Inc (NYSE:TWX) rating on Monday, October 24. Pivotal Research has “Hold” rating and $107.50 price target. The stock has “Neutral” rating given by Bank of America on Thursday, November 5. The stock of Time Warner Inc (NYSE:TWX) has “Buy” rating given on Monday, August 3 by M Partners. The stock has “Buy” rating given by UBS on Thursday, August 4. Citigroup maintained the shares of TWX in a report on Friday, August 14 with “Buy” rating. The stock of Time Warner Inc (NYSE:TWX) has “Outperform” rating given on Friday, November 6 by Barrington Research.
According to Zacks Investment Research, “Time Warner Inc. is the world’s leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music.”
Insitutional Activity: The institutional sentiment decreased to 0.93 in 2016 Q2. Its down 0.40, from 1.33 in 2016Q1. The ratio worsened, as 65 funds sold all Time Warner Inc shares owned while 334 reduced positions. 66 funds bought stakes while 305 increased positions. They now own 614.82 million shares or 5.49% less from 650.52 million shares in 2016Q1.
Lumina Fund Ltd Liability Co holds 0.57% or 100,000 shares in its portfolio. The Connecticut-based Massmutual Fsb Adv has invested 0% in Time Warner Inc (NYSE:TWX). Moreover, Baker Avenue Asset Mngmt Lp has 0.08% invested in Time Warner Inc (NYSE:TWX) for 7,318 shares. Parallax Volatility Advisers Ltd Partnership has 0% invested in the company for 23,157 shares. Motley Fool Wealth Mgmt Ltd Limited Liability Company reported 20,568 shares or 0.17% of all its holdings. Rothschild Asset Management accumulated 131,905 shares or 0.18% of the stock. Caisse De Depot Et Placement Du Quebec last reported 1.45M shares in the company. Louisiana State Employees Retirement Systems, a Louisiana-based fund reported 51,600 shares. Moreover, Independent Franchise Prtn Llp has 6.61% invested in Time Warner Inc (NYSE:TWX) for 8.17 million shares. Capital Guardian Communication has 9,567 shares for 0.01% of their US portfolio. Sector Pension Investment Board last reported 169,040 shares in the company. Provise Mngmt Limited Liability holds 57,862 shares or 0.78% of its portfolio. Tsp Management Group Ltd Liability Corporation last reported 0.89% of its portfolio in the stock. Tiaa Cref Tru Com Fsb Mo last reported 0.01% of its portfolio in the stock. Peapack Gladstone Finance has 0% invested in the company for 2,849 shares.
Insider Transactions: Since June 3, 2016, the stock had 0 buys, and 5 sales for $7.61 million net activity. 8,400 shares were sold by NOVACK KENNETH J, worth $626,724. 3,000 Time Warner Inc (NYSE:TWX) shares with value of $227,370 were sold by GINSBERG GARY L. $4.43M worth of Time Warner Inc (NYSE:TWX) shares were sold by CAPPUCCIO PAUL T. Magee Karen had sold 14,240 shares worth $1.14M.
More notable recent Time Warner Inc (NYSE:TWX) news were published by: Latimes.com which released: “AT&T closes in on deal to buy Time Warner Inc.” on October 21, 2016, also Investorplace.com with their article: “Trade of the Day: Time Warner Inc (NYSE:TWX)” published on November 08, 2016, Reuters.com published: “Trump victory clouds outlook for Time Warner-AT&T, other mergers” on November 09, 2016. More interesting news about Time Warner Inc (NYSE:TWX) were released by: Profitconfidential.com and their article: “Time Warner Inc: Why TWX Stock Is on Fire” published on October 24, 2016 as well as Fool.com‘s news article titled: “AT&T Inc Shows Huge Appetite for Acquisitions With $85 Billion Buyout of Time …” with publication date: November 01, 2016.
TWX Company Profile
Time Warner Inc. (Time Warner), February 4, 2000, is a media and entertainment company. The Firm operates in three reporting divisions: Networks, Film and TV Entertainment and Publishing. Networks consist of television networks and premium pay and basic tier television services and digital media properties. Film and TV Entertainment consists of feature film, television, home video and videogame production and distribution. Publishing consists of magazine publishing. In August 2012, Turner Broadcasting System, Inc. acquired Bleacher Report.
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