As Time Warner (TWX) Share Price Rose, Shareholder Vaughan David Investments Has Lowered Stake; As Conocophillips (COP) Shares Declined, Rowland & Company Investment Counsel Decreased by $598,584 Its Stake

February 24, 2018 - By Dolores Ford

Vaughan David Investments Inc decreased its stake in Time Warner Inc (TWX) by 1.92% based on its latest 2017Q3 regulatory filing with the SEC. Vaughan David Investments Inc sold 5,308 shares as the company’s stock rose 1.19% with the market. The institutional investor held 271,221 shares of the television services company at the end of 2017Q3, valued at $27.79M, down from 276,529 at the end of the previous reported quarter. Vaughan David Investments Inc who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $73.87 billion market cap company. The stock increased 0.35% or $0.33 during the last trading session, reaching $94.7. About 3.48 million shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since February 24, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Rowland & Company Investment Counsel decreased its stake in Conocophillips (COP) by 17.39% based on its latest 2017Q3 regulatory filing with the SEC. Rowland & Company Investment Counsel sold 12,216 shares as the company’s stock declined 0.06% while stock markets rallied. The institutional investor held 58,012 shares of the integrated oil company at the end of 2017Q3, valued at $2.90M, down from 70,228 at the end of the previous reported quarter. Rowland & Company Investment Counsel who had been investing in Conocophillips for a number of months, seems to be less bullish one the $67.01B market cap company. The stock increased 3.90% or $2.14 during the last trading session, reaching $57.05. About 6.51 million shares traded or 9.31% up from the average. ConocoPhillips (NYSE:COP) has risen 9.50% since February 24, 2017 and is uptrending. It has underperformed by 7.20% the S&P500.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on May, 2. They expect $1.76 EPS, up 6.02% or $0.10 from last year’s $1.66 per share. TWX’s profit will be $1.37 billion for 13.45 P/E if the $1.76 EPS becomes a reality. After $1.60 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts 10.00% EPS growth.

Since December 14, 2017, it had 0 insider buys, and 3 insider sales for $2.88 million activity. Shares for $390,647 were sold by BARR WILLIAM P on Monday, February 5. Shares for $376,219 were sold by WRIGHT DEBORAH C.

Investors sentiment decreased to 0.76 in Q3 2017. Its down 0.09, from 0.85 in 2017Q2. It turned negative, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Qvt LP invested 0.57% of its portfolio in Time Warner Inc. (NYSE:TWX). Atria Investments Ltd Company owns 12,396 shares. Janney Montgomery Scott Ltd Company reported 99,728 shares. Wells Fargo & Mn holds 0.11% or 3.61M shares in its portfolio. Palisades Hudson Asset Mngmt Lp holds 6,450 shares. Marsico Cap Management Ltd Liability Corp reported 0.27% of its portfolio in Time Warner Inc. (NYSE:TWX). 3,878 were reported by Schroder Management Grp. Moreover, Ifc Fl has 0.18% invested in Time Warner Inc. (NYSE:TWX). 560,000 were accumulated by Highbridge Mgmt Limited Company. Moreover, Highfields Capital Mgmt Lp has 4.9% invested in Time Warner Inc. (NYSE:TWX) for 5.55 million shares. Wilkins Investment Counsel Incorporated has 10,000 shares for 0.31% of their portfolio. Yakira Cap Mngmt Inc owns 306,146 shares for 10.43% of their portfolio. Empyrean Cap LP holds 4.61 million shares. 13,090 are held by Chesley Taft And Assoc Lc. Cornerstone Capital Mngmt Holding Lc reported 146,630 shares stake.

Vaughan David Investments Inc, which manages about $1.81B and $2.04 billion US Long portfolio, upped its stake in National Grid Plc by 4,966 shares to 256,932 shares, valued at $16.11 million in 2017Q3, according to the filing. It also increased its holding in Rli Corp (NYSE:RLI) by 259,084 shares in the quarter, for a total of 527,097 shares, and has risen its stake in Qualcomm Inc (NASDAQ:QCOM).

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 17 have Buy rating, 0 Sell and 23 Hold. Therefore 43% are positive. Time Warner Inc. had 121 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, August 3 by M Partners. As per Friday, September 11, the company rating was maintained by Macquarie Research. The firm earned “Hold” rating on Monday, October 16 by FBR Capital. The stock has “Hold” rating by Stifel Nicolaus on Monday, October 24. Jefferies maintained the shares of TWX in report on Monday, June 26 with “Buy” rating. The firm has “Outperform” rating given on Thursday, November 5 by RBC Capital Markets. The company was downgraded on Tuesday, January 3 by Telsey Advisory Group. The firm earned “Equal-Weight” rating on Friday, November 13 by Barclays Capital. Pivotal Research downgraded it to “Hold” rating and $107.50 target in Thursday, April 20 report. The rating was maintained by Wedbush with “Outperform” on Friday, July 29.

Among 25 analysts covering ConocoPhillips (NYSE:COP), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. ConocoPhillips had 91 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, December 20 by RBC Capital Markets. The firm has “Hold” rating by Credit Suisse given on Monday, December 11. Bernstein initiated it with “Outperform” rating and $59 target in Friday, August 7 report. The rating was maintained by UBS on Friday, February 5 with “Neutral”. The stock of ConocoPhillips (NYSE:COP) earned “Buy” rating by RBC Capital Markets on Friday, July 14. The firm earned “Buy” rating on Friday, July 28 by Bank of America. Jefferies maintained it with “Buy” rating and $57.0 target in Thursday, October 19 report. The rating was maintained by Guggenheim on Wednesday, April 19 with “Neutral”. The rating was maintained by Credit Suisse on Friday, March 31 with “”. Argus Research maintained it with “Buy” rating and $65 target in Wednesday, December 9 report.

Rowland & Company Investment Counsel, which manages about $228.64M and $240.76M US Long portfolio, upped its stake in Bb&T Corporation (NASDAQ:BBBY) by 66,443 shares to 115,891 shares, valued at $5.44 million in 2017Q3, according to the filing. It also increased its holding in Bemis Co Inc (BRKB) by 47,852 shares in the quarter, for a total of 49,902 shares, and has risen its stake in Chevron Corporation (NYSE:CVX).

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