Economy

Time Warner Inc (TWX) Shares Sold by California Public Employees Retirement System

The media conglomerate reported $1.60 earnings per share for the quarter, topping the Zacks' consensus estimate of $1.44 by $0.16. The stock increased 0.14% or $0.13 during the last trading session, reaching $94.65. The hedge fund run by Robert Emil Zoellner held 3.24 million shares of the television services company at the end of 2017Q3, valued at $331.67M, up from 115,800 at the end of the previous reported quarter. Time Warner Inc. (NYSE:TWX) has risen 36.37% since February 16, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

(TWX) by 40.58% based on its latest 2017Q3 regulatory filing with the SEC. Norris Perne & French Llp bought 51,559 shares as the company's stock declined 4.50% while stock markets rallied.

Suffolk Capital Management LLC lifted its holdings in Time Warner Inc (NYSE:TWX) by 2,179.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The stock decreased 0.44% or $0.16 during the last trading session, reaching $36.38. Another trade for 23,450 shares valued at $2.11 million was sold by OLAFSSON OLAF. Intel Corporation (NASDAQ:INTC) has risen 19.47% since February 16, 2017 and is uptrending. Krzanich Brian M sold $2.40 million worth of stock. Shares for $14.07M were sold by Schumacher Laura J. ValuEngine downgraded shares of Time Warner from a "buy" rating to a "hold" rating in a research report on Thursday, October 26th. Therefore 67% are positive. Store Capital Corporation had 41 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Infinity Pharmaceuticals, Inc. (NASDAQ:NUVA) earned "Buy" rating by Piper Jaffray on Tuesday, July 18. The firm has "Buy" rating by Needham given on Saturday, August 29. (NYSE:ABBV) earned "Outperform" rating by William Blair on Friday, February 5. Leerink Swann maintained NuVasive, Inc. Wedbush has "Neutral" rating and $105 target. The firm has "Neutral" rating by Ladenburg Thalmann given on Wednesday, February 3. It has outperformed by 2.91% the S&P500. 30,000 shares were sold by YOFFIE DAVID B, worth $1.35 million on Monday, October 30.

Tig Advisors Llc, which manages about $3.62B and $1.78 billion US Long portfolio, upped its stake in Alere Inc (NYSE:ALR) by 2.60 million shares to 3.00M shares, valued at $152.80 million in 2017Q3, according to the filing. It also increased its holding in Philip Morris Intl Inc (NYSE:PM) by 60,475 shares in the quarter, for a total of 246,595 shares, and has risen its stake in United Technologies Corp (NYSE:UTX).

Investors of record on Wednesday, January 10th were paid a $0.4025 dividend. Its down 0.17, from 0.83 in 2017Q2. It worsened, as 55 investors sold ABBV shares while 640 reduced holdings. Old Second Comml Bank Of Aurora invested in 250 shares or 0.01% of the stock. Equitec Proprietary Limited Liability reported 35,900 shares. (NYSE:TWX). Amer Century Cos stated it has 4.27 million shares. Hsbc Holdg Public Ltd Co holds 0.04% or 1.05 million shares in its portfolio. Marathon Cap holds 2,500 shares. Northwestern Mutual Wealth Management Co. grew its stake in shares of Time Warner by 1.8% during the fourth quarter. (NYSE:TWX). 10,794 are held by Fiduciary Tru Communication. Federated Investors Pa, Pennsylvania-based fund reported 25,206 shares. 5,094 were accumulated by Wolverine Asset Mgmt Limited Co. Jnba Advisors owns 254 shares for 0.01% of their portfolio. (NYSE:TWX). Calamos Advsrs Ltd Liability Corp owns 113,530 shares for 0.09% of their portfolio. Illinois-based Rothschild Il has invested 1.94% in AbbVie Inc.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.09, from 0.85 in 2017Q2.

A number of other hedge funds also recently made changes to their positions in the stock. Following the completion of the transaction, the director now owns 27,785 shares in the company, valued at $2,600,953.85. More interesting news about Time Warner Inc. Proshare Lc invested in 38,479 shares. (NYSE:TWX). Springowl Assocs Ltd Llc holds 0.54% or 8,000 shares. Thompson Mngmt Incorporated stated it has 0.78% of its portfolio in Time Warner Inc. It also reduced its holding in Berkshire Hathaway Inc Del Cl A (BRKA) by 245,219 shares in the quarter, leaving it with 22 shares, and cut its stake in Catalent Inc Com (NYSE:CTLT). Arrowstreet Capital LP has 0% invested in Travelzoo (NASDAQ:TZOO) for 17,055 shares. Connecticut-based Westport Asset Mgmt has invested 2.02% in Time Warner Inc.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, February 1st. (NYSE:TWX). Trust Of Vermont owns 15,731 shares for 0.16% of their portfolio. Ray Gerald L Ltd holds 17,090 shares or 0.22% of its portfolio. Time Warner's payout ratio is 24.32%. Uss Investment Management Ltd bought 7,900 shares as the company's stock rose 8.06% with the market.

Since December 14, 2017, it had 0 buys, and 2 insider sales for $2.50 million activity. $390,647 worth of Time Warner Inc. Following the sale, the director now owns 44,959 shares in the company, valued at $4,370,014.80.

Several analysts are forecasting growth estimate of Time Warner Inc. for the current quarter to be 4.8%.

Among 31 analysts covering CSX Corporation (NYSE:CSX), 19 have Buy rating, 3 Sell and 9 Hold.

To measure firm's performance and profitability, we focus on ordinary profitability ratio, TWX has gross profit margin of 43.00% for trailing twelve months and operating margin is calculated as 24.60%, these are a better detectors to find consistency or positive/negative trends in a firm's earnings. The stock of Smith & Nephew plc (NYSE:SNN) has "Equal-Weight" rating given on Wednesday, August 10 by Barclays Capital. Time Warner Inc has a 12 month low of $85.88 and a 12 month high of $103.90. On Friday, July 15 the stock rating was downgraded by Stifel Nicolaus to "Hold". RBC Capital Markets has "Sector Perform" rating and $15 target. Credit Suisse Ag reported 0.01% stake. The rating was initiated by Drexel Hamilton with "Buy" on Thursday, January 14. On Monday, May 9 the stock rating was upgraded by Jefferies to "Buy". Brean Capital downgraded the shares of TWX in report on Friday, December 23 to "Hold" rating.



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