Nomura Asset Management Co. Ltd. Grows Position in Time Warner Inc (TWX)

Nomura Asset Management Co. Ltd. lifted its position in Time Warner Inc (NYSE:TWX) by 7.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 107,721 shares of the media conglomerate’s stock after acquiring an additional 7,485 shares during the period. Nomura Asset Management Co. Ltd.’s holdings in Time Warner were worth $11,036,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TWX. Jacobi Capital Management LLC grew its position in Time Warner by 2.1% during the 2nd 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 position in Time Warner by 4.0% during the 2nd 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 position in Time Warner by 31.6% during the 2nd 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 during the 2nd quarter worth about $127,000. Finally, Motco acquired a new stake in Time Warner during the 2nd quarter worth about $129,000. 78.11% of the stock is currently owned by hedge funds and other institutional investors.

Time Warner Inc (NYSE:TWX) traded down $1.63 during mid-day trading on Wednesday, hitting $91.08. 4,543,400 shares of the stock traded hands, compared to its average volume of 4,754,594. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. Time Warner Inc has a twelve month low of $85.88 and a twelve month high of $103.90. The stock has a market cap of $70,550.00, a price-to-earnings ratio of 15.30, a P/E/G ratio of 1.46 and a beta of 0.95.

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

Several brokerages have weighed in on TWX. BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 price target on shares of Time Warner in a research report on Wednesday, September 13th. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th. FBR & Co downgraded Time Warner from a “buy” rating to a “neutral” rating and increased their price target for the stock from $105.00 to $107.50 in a research report on Monday, October 16th. Wells Fargo & Company reaffirmed a “market perform” rating and set a $84.00 price target (down from $100.00) on shares of Time Warner in a research report on Tuesday, November 21st. Finally, Cowen reaffirmed a “hold” rating and set a $107.50 price target on shares of Time Warner in a research report on Thursday, October 12th. Twenty-three investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $102.87.

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About Time Warner

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.

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

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