Economy

AT&T, Time Warner shares halted on report of possible DOJ antitrust suit

Brean Capital reiterated a "buy" rating on shares of Time Warner in a research note on Tuesday, July 26th. Morgan Stanley reaffirmed an "overweight" rating on shares of Time Warner in a report on Thursday, July 6th. The stock of Time Warner Inc (NYSE:TWX) has "Mkt Perform" rating given on Friday, February 19 by FBR Capital. One investment analyst has rated the stock with a sell rating, twenty-three have given a hold rating and five have given a buy rating to the company's stock. $97.47's average target is -0.89% below currents $98.35 stock price. 2,449,102 shares of the company were exchanged. The stock has a 50 day moving average of $78.09 and a 200-day moving average of $76.19. (NYSE:TWX) by 4.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. Finally, Advisory Services Network LLC boosted its position in shares of Time Warner by 1.8% in the second quarter. The firm had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion.

Time Warner also posted growth across its operating segments, with HBO (Home Box Office) registering a 12% rise in subscription revenues-the highest quarterly growth we've seen in this business in 13 years. During the same period past year, the business earned $1.25 EPS. AT&T says it expects the $85 billion purchase of Time Warner to close by year end. Investors of record on Tuesday, October 10th were issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a yield of 1.64%. Reports Third-Quarter 2017 Results" with publication date: "October 26, 2017. Time Warner's payout ratio is 30.73%.

Since June 15, 2017, it had 1 buy, and 0 insider sales for $25,416 activity. Institutional investors and hedge funds own 79.21% of the company's stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in TWX.

AT&T reached an agreement to acquire Time Warner for $85.4 billion late previous year. State of New Jersey Common Pension Fund D now owns 1,810,000 shares of the media conglomerate's stock valued at $185,435,000 after purchasing an additional 300,000 shares in the last quarter. The ratio improved, as 356 active investment managers opened new or increased positions, while 417 cut down and sold stock positions in Time Warner Inc. The firm owned 2,366,350 shares of the media conglomerate's stock after buying an additional 322,004 shares during the period. The New York-based Boothbay Fund Limited Liability has invested 0.24% in Time Warner Inc (NYSE:TWX). Benjamin F. Edwards & Company Inc. now owns 6,978 shares of the media conglomerate's stock valued at $513,000 after buying an additional 22 shares during the last quarter. Finally, Mason Street Advisors LLC raised its holdings in Time Warner by 1.4% in the 1st quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate's stock worth $360,000 after buying an additional 25 shares during the period. Premier Asset Mgmt Ltd holds 2.46% of its portfolio in Time Warner Inc (NYSE:TWX) for 106,053 shares. Choate Investment Advisors now owns 7,843 shares of the media conglomerate's stock valued at $577,000 after buying an additional 29 shares during the last quarter.



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