PIMCO New York Municipal Income Fund III (PYN) Forms $8.62 Double Bottom; Lpl Financial Has Decreased Its Time Warner (TWX) Stake

May 16, 2018 - By John Hoffman

Time Warner Inc. (NYSE:TWX) Logo

Lpl Financial Llc decreased Time Warner Inc (TWX) stake by 26.44% reported in 2017Q4 SEC filing. Lpl Financial Llc sold 10,345 shares as Time Warner Inc (TWX)’s stock rose 1.97%. The Lpl Financial Llc holds 28,787 shares with $2.63M value, down from 39,132 last quarter. Time Warner Inc now has $73.87 billion valuation. The stock increased 0.04% or $0.04 during the last trading session, reaching $94.42. About 4.73M shares traded. Time Warner Inc. (NYSE:TWX) has declined 3.25% since May 16, 2017 and is downtrending. It has underperformed by 14.80% the S&P500.

PIMCO New York Municipal Income Fund III (PYN) formed double bottom with $7.84 target or 9.00% below today’s $8.62 share price. PIMCO New York Municipal Income Fund III (PYN) has $49.16 million valuation. The stock decreased 0.66% or $0.06 during the last trading session, reaching $8.62. About 13,830 shares traded. PIMCO New York Municipal Income Fund III (NYSE:PYN) has declined 8.99% since May 16, 2017 and is downtrending. It has underperformed by 20.54% the S&P500.

More notable recent Time Warner Inc. (NYSE:TWX) news were published by: Seekingalpha.com which released: “AT&T opposes divestitures in TWX deal” on May 04, 2018, also Streetinsider.com with their article: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” published on May 15, 2018, Seekingalpha.com published: “Corvex adds ServiceNow, exits Comcast in Q1” on May 15, 2018. More interesting news about Time Warner Inc. (NYSE:TWX) were released by: Seekingalpha.com and their article: “AT&T conference update: Network speed investment, streaming video upgrades” published on May 15, 2018 as well as Streetinsider.com‘s news article titled: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” with publication date: May 15, 2018.

Lpl Financial Llc increased Ishares Tr (EFV) stake by 27,139 shares to 332,385 valued at $18.35M in 2017Q4. It also upped Ishares Tr (IJJ) stake by 20,845 shares and now owns 176,619 shares. Ishares Tr (ITB) was raised too.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on August, 1. They expect $1.58 earnings per share, up 18.80% or $0.25 from last year’s $1.33 per share. TWX’s profit will be $1.24B for 14.94 P/E if the $1.58 EPS becomes a reality. After $2.28 actual earnings per share reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -30.70% negative EPS growth.

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 18 have Buy rating, 0 Sell and 23 Hold. Therefore 44% are positive. Time Warner Inc. has $200 highest and $71 lowest target. $97.88’s average target is 3.66% above currents $94.42 stock price. Time Warner Inc. had 126 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Wednesday, October 26. Morgan Stanley maintained it with “Equal-Weight” rating and $80 target in Tuesday, April 26 report. The firm has “Strong-Buy” rating given on Tuesday, August 11 by Vetr. RBC Capital Markets downgraded the stock to “Sector Perform” rating in Monday, October 24 report. RBC Capital Markets maintained it with “Hold” rating and $108.0 target in Monday, October 16 report. On Monday, September 11 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was downgraded by Loop Capital on Thursday, March 2 to “Hold”. The stock of Time Warner Inc. (NYSE:TWX) has “Neutral” rating given on Monday, October 24 by Macquarie Research. Pivotal Research initiated Time Warner Inc. (NYSE:TWX) on Tuesday, October 20 with “Buy” rating. UBS maintained it with “Buy” rating and $90 target in Thursday, August 4 report.

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.15, from 0.76 in 2017Q3. It improved, 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. Weiss Multi invested 0.09% of its portfolio in Time Warner Inc. (NYSE:TWX). Jump Trading Limited Company invested in 0.03% or 2,647 shares. Golub Group Lc holds 0.04% in Time Warner Inc. (NYSE:TWX) or 4,835 shares. Tennessee-based State Of Tennessee Treasury Department has invested 0.2% in Time Warner Inc. (NYSE:TWX). Meiji Yasuda Life Insurance invested in 0.26% or 20,740 shares. Cornerstone Advisors has 0.07% invested in Time Warner Inc. (NYSE:TWX). 5,211 are held by Nikko Asset Americas. Gardner Lewis Asset Management Ltd Partnership invested in 1.32% or 170,000 shares. Louisiana State Employees Retirement Sys invested in 0.2% or 47,100 shares. Point72 Asset Mgmt Lp holds 0.04% or 102,350 shares in its portfolio. Glg Lp, United Kingdom-based fund reported 524,964 shares. The Illinois-based Sheffield Asset Ltd Com has invested 3.44% in Time Warner Inc. (NYSE:TWX). United Capital Financial Advisers Ltd Liability reported 21,830 shares. Morgan Stanley owns 4.56M shares or 0.11% of their US portfolio. Loeb Ptnrs, a New York-based fund reported 14,200 shares.

Since December 14, 2017, it had 0 insider buys, and 3 insider sales for $2.88 million activity. Another trade for 4,019 shares valued at $390,647 was made by BARR WILLIAM P on Monday, February 5. OLAFSSON OLAF sold 23,450 shares worth $2.11 million. 4,019 shares were sold by WRIGHT DEBORAH C, worth $376,219.

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

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