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Time Warner Signs $100 Million, 10 Show Deal With Snap

20 June 2017

FSB MO boosted its stake in shares of Time Warner Inc. Pivotal Research upgraded Time Warner Inc (NYSE:TWX) on Wednesday, November 2 to "Buy" rating.

Time Warner, for its part, gained 65 cents to $99.85 Monday afternoon.

A number of other hedge funds also recently made changes to their positions in TWX. The Time Warner productions will be similar to those already aired on the platform and released by other networks on Snapchat. Edge Wealth Management Limited Liability Co reported 100 shares.

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Bank Of The West decreased its stake in Time Warner Inc (TWX) by 87.84% based on its latest 2016Q4 regulatory filing with the SEC. Time Warner Inc now has $77.00 billion valuation. Mr. Howard right now owns 63,399 shares, accounting for 0.01% of the company's market cap. The company maintains price to book ratio of 0.77 vs.an industry average at 4.85. And there's only so much time in one's day.

Returns and Valuations for Time Warner Inc. The media conglomerate reported $1.66 EPS for the quarter, topping the Zacks' consensus estimate of $1.44 by $0.22.

The media giant's Turner cable channels and Warner Bros. The business had revenue of $7.74 billion during the quarter, compared to analyst estimates of $7.66 billion.

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Snapchat has many more shows, created by some of the top TV channels, coming over the next two years. $16.67M worth of Time Warner Inc (NYSE:TWX) shares were sold by BEWKES JEFFREY L. Equities analysts predict that Time Warner Inc. will post $6.05 EPS for the current year. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.62%.

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TWX has been the topic of several recent research reports. Zacks Investment Mgmt owns 0.49% invested in Time Warner Inc (NYSE:TWX) for 175,911 shares. Wedbush maintained it with "Neutral" rating and $105 target in Monday, October 24 report. Snapchat's user growth and downloads have been down over the previous year, placing fear in investors and analysts who have watched the stock fall to and hover around its original price on the New York Stock Exchange.

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And the partnership comes at a crucial time for Snap, whose shares sunk to its $17 IPO price for the first time last week.

Time Warner Signs $100 Million, 10 Show Deal With Snap