Advisory Services Network LLC purchased a new position in shares of Time Warner during the first quarter valued at $138,000. Parsons Ri holds 0.19% of its portfolio in Time Warner Inc (NYSE:TWX) for 15,114 shares. Raymond James Trust N.A. now owns 19,622 shares of the media conglomerate's stock worth $1,917,000 after buying an additional 269 shares during the period. Finally, Lazard Asset Management LLC raised its stake in shares of Time Warner by 18.3% in the first quarter. Carroll Financial Associates Inc. raised its position in shares of Time Warner by 2.7% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 705,679 shares of the media conglomerate's stock worth $68,951,000 after buying an additional 18,540 shares during the period. Finally, AidennLair Capital Management LP purchased a new position in Time Warner during the fourth quarter worth about $8,761,000. Stratos Wealth Partners LTD. now owns 4,746 shares of the media conglomerate's stock worth $464,000 after buying an additional 110 shares during the last quarter.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock.
As for Warner Bros., which falls under the Time Warner umbrella, it was a big up and down. The firm has a market cap of $79.52 billion, a PE ratio of 19.56 and a beta of 1.05. Warner Bros.'s revenues increased 12 percent to $3.0 billion due to higher theatrical and videogames revenues, partially offset by lower television revenues. The firm has a 50 day moving average of $100.19 and a 200-day moving average of $98.55. (NYSE:TWX) traded down 0.04% during trading on Thursday, reaching $102.48.
Sessions: You're darned right we're going after leakers - and maybe the media
The attorney general said four people are already being prosecuted to allegedly leaking, though he did not provide any details. Anger in the White House about leaks has been growing of late.
In terms of earnings per share, 26 analysts have a 1.68 EPS mean target for the quarter ending Sep-17, for the quarter ending Dec-17, 26 analysts have a 1.49 EPS mean target and for the quarter ending Dec-17 there are 29 estimates of 6.04 EPS.
Revenues came in 5.5% higher than in last year's second quarter, but earnings per share grew by a whole twelve percent year over year (GAAP numbers). "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 worldwide networks". Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate's stock valued at $106,000 after buying an additional 146 shares during the last quarter. During the same period a year ago, the firm posted $1.29 earnings per share. Stockholders of record on Monday, July 10th were paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.57%.
Time Warner has reported better-than-expected profits on the back of DC Universe movie Wonder Woman.
Sada El Balad: Sharapova withdraws from Stanford
Five-time major champion Maria Sharapova was scheduled to play, but withdrew with soreness in her left arm. "I am so sorry to be missing Rogers Cup this year", Sharapova said in a statement from Tennis Canada.
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A number of research analysts have recently commented on TWX shares. Cowen and Company reissued a "hold" rating and set a $107.50 price objective on shares of Time Warner in a research note on Thursday. Jefferies Group LLC restated a "buy" rating and issued a $105.00 price objective on shares of Time Warner in a report on Monday, May 22nd. BidaskClub downgraded shares of Time Warner from a "strong-buy" rating to a "buy" rating in a research note on Thursday, July 13th. FBR & Co reaffirmed a "buy" rating and issued a $107.50 price target on shares of Time Warner in a research report on Friday, April 7th.
In related news, CFO Howard M. Averill bought 255 shares of the stock in a transaction that occurred on Thursday, June 15th. Moreover, Ariel Investments Llc has 0.13% invested in the company for 5.16 million shares. Mitsubishi Ufj Trust Banking Corp stated it has 0.35% of its portfolio in Time Warner Inc (NYSE:TWX).
Rajya Sabha adjourned twice on Bengaluru IT searches
The raid prompted reactions from a number of politicians with Congress leaders alleging that BJP is targeting MLAs from the party. Confirming the cash seizure, an IT official said: "We have recovered Rs 5 crore cash from the residence of Shivakumar".