Citizens Financial Group Inc. RI Reduces Position in Time Warner Inc (TWX)

Citizens Financial Group Inc. RI lowered its holdings in shares of Time Warner Inc (NYSE:TWX) by 2.3% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 75,932 shares of the media conglomerate’s stock after selling 1,811 shares during the period. Citizens Financial Group Inc. RI’s holdings in Time Warner were worth $7,780,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the company. Jacobi Capital Management LLC grew its holdings in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after purchasing an additional 20 shares during the period. Patriot Financial Group Insurance Agency LLC grew its holdings in Time Warner by 4.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after purchasing an additional 44 shares during the period. Harfst & Associates Inc. grew its holdings in Time Warner by 31.6% in the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after purchasing an additional 288 shares during the period. Captrust Financial Advisors acquired a new stake in Time Warner in the second quarter worth $127,000. Finally, Motco acquired a new stake in Time Warner in the second quarter worth $129,000. 78.11% of the stock is owned by hedge funds and other institutional investors.

Shares of Time Warner Inc (NYSE:TWX) traded up $1.41 during midday trading on Tuesday, hitting $92.71. 6,077,800 shares of the stock were exchanged, compared to its average volume of 4,755,504. The firm has a market capitalization of $71,510.00, a PE ratio of 15.07, a P/E/G ratio of 1.44 and a beta of 0.95. Time Warner Inc has a 52-week low of $85.88 and a 52-week high of $103.90. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26.

Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same period last year, the company earned $1.83 earnings per share. The business’s revenue was up 6.0% on a year-over-year basis. research analysts forecast that Time Warner Inc will post 6.2 EPS for the current year.

A number of equities research analysts have commented on the stock. Evercore ISI cut shares of Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a report on Monday, August 7th. BMO Capital Markets restated a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Wednesday, September 13th. KeyCorp restated a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th. FBR & Co cut shares of Time Warner from a “buy” rating to a “neutral” rating and raised their price target for the stock from $105.00 to $107.50 in a report on Monday, October 16th. Finally, Wells Fargo & Company restated a “market perform” rating and issued a $84.00 price target (down from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. Twenty-three equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $102.87.

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Time Warner 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.

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

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