Time Warner Soars on 'Wonder Woman' in Q2

Wonder Woman

Total shares held by institutions as of the most recent company filings are 586,088,034 with a reported 57,221,556 bought and 87,302,896 sold. Highfields Capital Management LP now owns 3,385,770 shares of the media conglomerate's stock worth $326,828,000 after buying an additional 1,970,770 shares during the period.

02/25/2016 - Time Warner Cable Inc had its " rating reiterated by analysts at JP Morgan. FMR LLC raised its position in Time Warner by 0.6% in the first quarter. BEWKES JEFFREY L also sold $16.67 million worth of Time Warner Inc (NYSE:TWX) shares. Cambridge Investment Research Advisors Inc.'s holdings in Time Warner were worth $3,102,000 as of its most recent SEC filing. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new stake in shares of Time Warner during the fourth quarter valued at $2,410,000.

Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 2nd. 455,746 shares of the company's stock traded hands. The company has market cap of $79.37 billion. The firm's 50 day moving average price is $100.19 and its 200 day moving average price is $98.55. The media conglomerate reported $1.33 EPS for the quarter, topping the Zacks' consensus estimate of $1.19 by $0.14. The stock of Time Warner Inc (NYSE:TWX) has "Hold" rating given on Thursday, July 13 by BMO Capital Markets. "The decline in advertising revenues was due to the comparison to Turner's networks airing the NCAA Division I Men's Basketball National Championship and Final Four games in the prior year quarter, the airing of two fewer NBA playoff games in this year's quarter and lower delivery at Turner's domestic entertainment networks, partially offset by increases at Turner's news businesses and growth at Turner's global networks". During the same period previous year, the firm posted $1.29 earnings per share. The Brahman Capital Corp holds 1.77M shares with $170.71 million value, down from 1.84M last quarter. Both figures were ahead of analysts' forecasts.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 1st. Price Michael F has invested 0.59% in Time Warner Inc (NYSE:TWX). More interesting news about Time Warner Inc (NYSE:TWX) were released by: Valuewalk.com and their article: "Time Warner Inc 2Q 17, Sodastream International Ltd 2Q 17 Earnings" published on August 02, 2017 as well as Nytimes.com's news article titled: "Leader Who Rebuilt Time Warner Empire Prepares an Exit" with publication date: July 24, 2017. This represents a $1.61 dividend on an annualized basis and a yield of 1.57%.

Time Warner has reported better-than-expected profits on the back of its hit superhero film Wonder Woman.

ILLEGAL ACTIVITY NOTICE: This report was first posted by BNB Daily and is the property of of BNB Daily. The rating change was issued to clients in a research report earlier today.

24 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 8426.39 million while high and low sale targets are estimated at 8734 million and 8260.7 million respectively. The stock of Enbridge Inc (TSE:ENB) has "Buy" rating given on Friday, September 9 by Goldman Sachs. Pivotal Research downgraded shares of Time Warner from a "buy" rating to a "hold" rating and lifted their price objective for the company from $100.00 to $107.50 in a research report on Thursday, April 20th. Drexel Hamilton initiated the shares of TWX in report on Thursday, January 14 with "Buy" rating. BidaskClub upgraded shares of Time Warner from a "hold" rating to a "buy" rating in a research note on Tuesday. Royal Bank Of Canada reissued a "hold" rating and set a $108.00 price objective on shares of Time Warner in a research note on Friday, July 14th. One research analyst has rated the stock with a sell rating, twenty-one have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company. The stock now has a consensus rating of "Hold" and an average target price of $101.17.

In related news, CFO Howard M. Averill purchased 255 shares of the company's stock in a transaction that occurred on Thursday, June 15th. Following the completion of the transaction, the chief financial officer now directly owns 63,399 shares in the company, valued at $6,318,978.33. Moreover, Ariel Investments Llc has 0.13% invested in the company for 5.16 million shares.

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