Economy

Prudential PLC Sells 297119 Shares of Time Warner Inc. (NYSE:TWX)

A number of equities research analysts have weighed in on the company. The stock has a 50 day moving average price of $102.04 and a 200-day moving average price of $100.45. About 2.20M shares traded. General Electric Company (NYSE:GE) has declined 4.46% since October 19, 2016 and is downtrending. It has underperformed by 6.57% the S&P500. California State Teachers Retirement Sys reported 0.32% in Time Warner Inc (NYSE:TWX). First Allied Advisory holds 5,335 shares.

Prudential PLC reduced its holdings in shares of Time Warner Inc. The stock declined 0.70% or $0.72 reaching $101.48 on the news. About 894,303 shares traded. Focused Investors Llc sold 186,000 shares as Time Warner Inc. It has outperformed by 19.67% the S&P500.The move comes after 7 months positive chart setup for the $79.74B company.

Since June 15, 2017, it had 1 buy, and 0 insider sales for $25,416 activity. 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. (NYSE:TWX), 12 have Buy rating, 0 Sell and 26 Hold. Therefore 32% are positive. Time Warner Inc. had 102 analyst reports since August 6, 2015 according to SRatingsIntel. Cowen and Company reissued a "hold" rating and set a $107.50 target price on shares of Time Warner in a report on Thursday, October 12th. The stock of Time Warner Inc (NYSE:TWX) has "Buy" rating given on Thursday, August 4 by Jefferies. The stock has "Outperform" rating by Wedbush on Tuesday, August 4. The rating was downgraded by Goldman Sachs to "Neutral" on Monday, October 24. The stock of Time Warner Inc (NYSE:TWX) earned "Mkt Perform" rating by FBR Capital on Friday, February 19. As per Monday, October 16, the company rating was maintained by RBC Capital Markets. Piper Jaffray maintained it with "Hold" rating and $19.0 target in Sunday, September 17 report. RBC Capital Markets has "Sector Perform" rating and $108 target. The firm has "Hold" rating by Stifel Nicolaus given on Wednesday, January 11. Investors of record on Tuesday, October 10th will be paid a $0.4025 dividend. Its up 0.10, from 0.75 in 2017Q1.

Other large investors also recently bought and sold shares of the company. 73 funds opened positions while 283 raised stakes. RI now owns 11,484 shares of the media conglomerate's stock valued at $1,122,000 after acquiring an additional 105 shares in the last quarter. Legal & General Group Plc lifted its stake in shares of Time Warner by 2.6% in the 2nd quarter. The New York-based Capital One Natl Association has invested 0.06% in Time Warner Inc (NYSE:TWX). Rational Advisors LLC bought a new stake in Time Warner during the 1st quarter valued at $850,000. Harvey Inc reported 0.77% in Time Warner Inc (NYSE:TWX). Badgley Phelps & Bell has 0.77% invested in Time Warner Inc (NYSE:TWX) for 98,840 shares. First Interstate Bancorp invested in 0% or 53 shares. Moreover, Symons Capital Management Inc has 3.79% invested in the company for 329,606 shares. Atlas Browninc reported 3,194 shares stake. 170,000 were reported by Moore Mgmt Limited Partnership. Zacks Inv Mngmt has 171,347 shares. Manufacturers Life Insur Co The reported 873,246 shares. Stephens Incorporated Ar holds 0.04% or 10,864 shares in its portfolio.

ILLEGAL ACTIVITY NOTICE: "Cetera Investment Advisers Buys Shares of 4,705 Time Warner Inc".

More notable recent Time Warner Inc (NYSE:TWX) news were published by: Reuters.com which released: "Brazil antitrust regulator to approve AT&T-Time Warner merger: media" on October 16, 2017, also Latimes.com with their article: "With consent from Brazil, AT&T has only one regulatory hurdle left before it ..." published on October 18, 2017, Bizjournals.com published: "AT&T takes a step toward finalizing acquisition of Time Warner" on September 28, 2017. Time Warner's dividend payout ratio (DPR) is 29.98%. The ex-dividend date of this dividend is Friday, October 6th.

Investors sentiment decreased to 0.79 in Q2 2017. Ifc Fl invested in 24,175 shares. Barrett Asset Mgmt Limited Liability Corp owns 148,860 shares or 1.13% of their U.S. portfolio. 999,172 are held by Vulcan Value Partners Limited Liability. Vaughan David Il holds 276,529 shares. Bahl & Gaynor Incorporated reported 0.03% stake. Kingfisher Capital Ltd Liability Corporation owns 3,258 shares. Ent Fin Corp invested in 0.02% or 489 shares. Stelac Advisory Svcs Limited Liability Com invested in 26,259 shares. The company has market cap of $2.24 billion. The Maryland-based Investment Counselors Of Maryland Llc has invested 1.08% in the stock. Fernwood Investment Management Llc, a Massachusetts-based fund reported 75,430 shares. High Pointe Capital Limited Liability Corp reported 41,050 shares.

Among 13 analysts covering Allegiant Travel (NASDAQ:ALGT), 3 have Buy rating, 1 Sell and 9 Hold. Allegiant Travel had 40 analyst reports since July 22, 2015 according to SRatingsIntel. The ex-dividend date is Friday, October 6th. On Thursday, August 6 the stock rating was maintained by S&P Research with "Buy". Morgan Stanley has "Equal-Weight" rating and $31 target. Needham & Company LLC reaffirmed a "hold" rating on shares of Time Warner in a research report on Tuesday, September 26th. The firm earned "In-Line" rating on Wednesday, April 12 by Imperial Capital. As per Thursday, January 14, the company rating was initiated by Drexel Hamilton. The stock has "Hold" rating by Jefferies on Thursday, June 8. Cowen & Co maintained Allegiant Travel Company (NASDAQ:ALGT) on Monday, August 1 with "Market Perform" rating.

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