Citizens Financial Group Inc RI Sells 2,280 Shares of Time Warner (TWX)

Citizens Financial Group Inc RI trimmed its stake in Time Warner (NYSE:TWX) by 3.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 73,807 shares of the media conglomerate’s stock after selling 2,280 shares during the period. Citizens Financial Group Inc RI’s holdings in Time Warner were worth $6,980,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. BlackRock Inc. increased its holdings in Time Warner by 1.0% in the first quarter. BlackRock Inc. now owns 45,968,559 shares of the media conglomerate’s stock valued at $4,347,705,000 after purchasing an additional 451,455 shares during the period. Franklin Resources Inc. increased its holdings in Time Warner by 13.9% in the fourth quarter. Franklin Resources Inc. now owns 13,882,043 shares of the media conglomerate’s stock valued at $1,269,791,000 after purchasing an additional 1,695,787 shares during the period. Canyon Capital Advisors LLC increased its holdings in Time Warner by 60.1% in the fourth quarter. Canyon Capital Advisors LLC now owns 9,053,982 shares of the media conglomerate’s stock valued at $828,168,000 after purchasing an additional 3,398,928 shares during the period. Geode Capital Management LLC increased its holdings in Time Warner by 3.3% in the fourth quarter. Geode Capital Management LLC now owns 8,137,119 shares of the media conglomerate’s stock valued at $742,723,000 after purchasing an additional 260,054 shares during the period. Finally, Independent Franchise Partners LLP increased its holdings in Time Warner by 1.7% in the fourth quarter. Independent Franchise Partners LLP now owns 6,878,075 shares of the media conglomerate’s stock valued at $629,137,000 after purchasing an additional 112,430 shares during the period. Institutional investors and hedge funds own 78.99% of the company’s stock.

TWX has been the subject of a number of recent analyst reports. Barrington Research reiterated a “buy” rating on shares of Time Warner in a report on Tuesday, April 17th. Loop Capital initiated coverage on Time Warner in a report on Thursday, March 15th. They set a “buy” rating and a $107.50 price target for the company. UBS Group upgraded Time Warner from a “neutral” rating to a “buy” rating and increased their price target for the stock from $95.26 to $108.00 in a report on Monday, March 12th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a report on Tuesday, February 6th. Finally, Pivotal Research reiterated a “buy” rating and set a $108.00 price target on shares of Time Warner in a report on Thursday, February 1st. Sixteen investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. Time Warner presently has a consensus rating of “Hold” and an average price target of $104.19.

Time Warner opened at $94.16 on Friday, MarketBeat.com reports. The stock has a market cap of $73.04 billion, a PE ratio of 14.67, a P/E/G ratio of 1.74 and a beta of 0.87. 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 has a 1 year low of $85.88 and a 1 year high of $103.90.

Time Warner (NYSE:TWX) last released its quarterly earnings data 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. The company had revenue of $8 billion for the quarter, compared to analysts’ expectations of $7.93 billion. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. The business’s revenue was up 3.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.66 EPS. sell-side analysts expect that Time Warner will post 8.09 EPS 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.

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Institutional Ownership by Quarter for Time Warner (NYSE:TWX)

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