Public Sector Pension Investment Board Has Trimmed Time Warner INC (TWX) Stake by $33.02 Million as Stock Value Rose

April 21, 2018 - By Dolores Ford

Time Warner Inc. (NYSE:TWX) LogoInvestors sentiment increased to 0.91 in Q4 2017. Its up 0.15, from 0.76 in 2017Q3. It increased, as 64 investors sold TWX shares while 363 reduced holdings. 122 funds opened positions while 265 raised stakes. 598.25 million shares or 1.97% more from 586.69 million shares in 2017Q3 were reported. Peapack Gladstone Fin Corp reported 2,834 shares stake. American Assets Management Limited Co holds 9,371 shares or 0.16% of its portfolio. Linscomb Williams holds 0.02% or 3,083 shares in its portfolio. Towerview Ltd Liability Com stated it has 1.08% in Time Warner Inc. (NYSE:TWX). Aqr Capital Mgmt Ltd Liability stated it has 1.05 million shares or 0.1% of all its holdings. Private Ocean Ltd Liability has invested 0% in Time Warner Inc. (NYSE:TWX). Quantres Asset Limited reported 6,600 shares. California State Teachers Retirement Systems has invested 0.26% in Time Warner Inc. (NYSE:TWX). Harvest Management Ltd Llc owns 5.81% invested in Time Warner Inc. (NYSE:TWX) for 96,200 shares. 7,600 were accumulated by Icon Advisers. Fifth Third Natl Bank has invested 0.15% in Time Warner Inc. (NYSE:TWX). Dorsey And Whitney Trust Limited Liability Company holds 8,308 shares. Pennsylvania-based Janney Montgomery Scott Ltd Liability Corp has invested 0.08% in Time Warner Inc. (NYSE:TWX). Baystate Wealth Mgmt Ltd Liability Corp has 0% invested in Time Warner Inc. (NYSE:TWX) for 50 shares. Dynamic Management Limited holds 8,500 shares.

Since December 14, 2017, it had 0 insider purchases, and 3 selling transactions for $2.88 million activity. Shares for $2.11M were sold by OLAFSSON OLAF. WRIGHT DEBORAH C sold $376,219 worth of stock or 4,019 shares.

Public Sector Pension Investment Board decreased its stake in Time Warner Inc (TWX) by 10.04% based on its latest 2017Q4 regulatory filing with the SEC. Public Sector Pension Investment Board sold 362,803 shares as the company’s stock rose 1.97% while stock markets declined. The institutional investor held 3.25M shares of the television services company at the end of 2017Q4, valued at $297.44M, down from 3.61M at the end of the previous reported quarter. Public Sector Pension Investment Board who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $75.05 billion market cap company. The stock decreased 0.35% or $0.34 during the last trading session, reaching $96.24. About 5.88 million shares traded or 11.00% up from the average. Time Warner Inc. (NYSE:TWX) has declined 3.25% since April 21, 2017 and is downtrending. It has underperformed by 14.80% the S&P500.

Public Sector Pension Investment Board, which manages about $15.38 billion US Long portfolio, upped its stake in Alexandria Real Estate Eq In (NYSE:ARE) by 78,900 shares to 88,940 shares, valued at $11.62 million in 2017Q4, according to the filing. It also increased its holding in Schwab Charles Corp New (NYSE:SCHW) by 190,753 shares in the quarter, for a total of 254,347 shares, and has risen its stake in Weyerhaeuser Co (NYSE:WY).

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on April, 26 before the open. They expect $1.76 earnings per share, up 6.02 % or $0.10 from last year’s $1.66 per share. TWX’s profit will be $1.37B for 13.67 P/E if the $1.76 EPS becomes a reality. After $1.60 actual earnings per share reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts 10.00 % EPS growth.

Time Warner Inc. (NYSE:TWX) Ratings Coverage

Among 17 analysts covering Time Warner Inc (NYSE:TWX), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Time Warner Inc has $11000 highest and $84.0 lowest target. $103.69’s average target is 7.74% above currents $96.24 stock price. Time Warner Inc had 23 analyst reports since October 27, 2017 according to SRatingsIntel. On Thursday, February 1 the stock rating was maintained by Guggenheim with “Buy”. The company was maintained on Tuesday, November 21 by Wells Fargo. The company was maintained on Wednesday, November 22 by BMO Capital Markets. The stock of Time Warner Inc. (NYSE:TWX) earned “Overweight” rating by Barclays Capital on Friday, February 2. Loop Capital maintained Time Warner Inc. (NYSE:TWX) rating on Thursday, November 9. Loop Capital has “Hold” rating and $102 target. Guggenheim maintained the shares of TWX in report on Thursday, January 4 with “Buy” rating. As per Thursday, February 1, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by UBS given on Monday, March 12. Needham maintained the stock with “Hold” rating in Tuesday, October 31 report. The stock of Time Warner Inc. (NYSE:TWX) earned “Hold” rating by KeyBanc Capital Markets on Monday, November 20.

Time Warner Inc. (NYSE:TWX) Institutional Positions Chart

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