Grisanti Capital Management Has Decreased Time Warner (TWX) Stake; Kylin Management Lowered Alibaba Group Hldg LTD (BABA) Stake

February 24, 2018 - By Louis Casey

Grisanti Capital Management Llc decreased Time Warner Inc (TWX) stake by 29.42% reported in 2017Q3 SEC filing. Grisanti Capital Management Llc sold 38,665 shares as Time Warner Inc (TWX)’s stock rose 1.19%. The Grisanti Capital Management Llc holds 92,770 shares with $9.50M value, down from 131,435 last quarter. Time Warner Inc now has $73.87B valuation. 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.

Kylin Management Llc decreased Alibaba Group Hldg Ltd (BABA) stake by 0.95% reported in 2017Q3 SEC filing. Kylin Management Llc sold 14,200 shares as Alibaba Group Hldg Ltd (BABA)’s stock rose 22.58%. The Kylin Management Llc holds 1.49 million shares with $256.65 million value, down from 1.50M last quarter. Alibaba Group Hldg Ltd now has $495.95B valuation. The stock increased 2.41% or $4.54 during the last trading session, reaching $193.29. About 16.94M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since February 24, 2017 and is uptrending. It has outperformed by 40.63% the S&P500.

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. Loop Capital downgraded Time Warner Inc. (NYSE:TWX) rating on Thursday, March 2. Loop Capital has “Hold” rating and $107.50 target. The rating was maintained by FBR Capital with “Outperform” on Thursday, November 5. FBR Capital maintained Time Warner Inc. (NYSE:TWX) rating on Friday, February 19. FBR Capital has “Mkt Perform” rating and $73 target. RBC Capital Markets maintained the stock with “Hold” rating in Monday, October 16 report. The stock of Time Warner Inc. (NYSE:TWX) has “Neutral” rating given on Monday, October 24 by Atlantic Securities. As per Thursday, January 4, the company rating was maintained by Guggenheim. As per Wednesday, November 2, the company rating was upgraded by Pivotal Research. Credit Suisse downgraded Time Warner Inc. (NYSE:TWX) on Tuesday, September 19 to “Neutral” rating. The firm has “Hold” rating given on Monday, November 20 by KeyBanc Capital Markets. M Partners maintained it with “Buy” rating and $105 target in Monday, August 3 report.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.09, from 0.85 in 2017Q2. It dived, 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. Polar Asset Management Partners Incorporated has invested 0.08% of its portfolio in Time Warner Inc. (NYSE:TWX). Nationwide Fund Advsrs invested in 218,764 shares or 0.09% of the stock. Johnson Inv Counsel has 0.02% invested in Time Warner Inc. (NYSE:TWX). 50 were reported by Baystate Wealth Limited Co. Beach Invest Counsel Pa invested in 38,433 shares. Ubs Asset Mngmt Americas, Illinois-based fund reported 2.72M shares. Edgar Lomax Va invested 0.77% of its portfolio in Time Warner Inc. (NYSE:TWX). Findlay Park Prtnrs Limited Liability Partnership stated it has 0.65% in Time Warner Inc. (NYSE:TWX). Blackrock stated it has 44.95 million shares. Susquehanna Gru Incorporated Ltd Liability Partnership accumulated 2.47M shares or 0.12% of the stock. California Employees Retirement Sys holds 0.32% or 2.08M shares. Yakira Management Inc has 306,146 shares for 10.43% of their portfolio. Suffolk Mgmt Ltd Liability has invested 0.05% in Time Warner Inc. (NYSE:TWX). New York-based Adirondack has invested 0.07% in Time Warner Inc. (NYSE:TWX). Springowl Assoc Ltd Limited Liability Company invested 0.54% of its portfolio in Time Warner Inc. (NYSE:TWX).

Grisanti Capital Management Llc increased Mylan N V (NASDAQ:MYL) stake by 96,090 shares to 320,605 valued at $10.06M in 2017Q3. It also upped At&T Inc (NYSE:T) stake by 142,370 shares and now owns 197,480 shares. Starbucks Corp (NASDAQ:SBUX) was raised too.

Since December 14, 2017, it had 0 insider buys, and 3 sales for $2.88 million activity. $2.11M worth of stock was sold by OLAFSSON OLAF on Thursday, December 14. WRIGHT DEBORAH C also sold $376,219 worth of Time Warner Inc. (NYSE:TWX) shares. Another trade for 4,019 shares valued at $390,647 was made by BARR WILLIAM P on Monday, February 5.

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on May, 2. 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 $1.37 billion for 13.45 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.

Analysts await Alibaba Group Holding Limited (NYSE:BABA) to report earnings on May, 17. They expect $0.76 EPS, up 94.87% or $0.37 from last year’s $0.39 per share. BABA’s profit will be $1.95 billion for 63.58 P/E if the $0.76 EPS becomes a reality. After $1.34 actual EPS reported by Alibaba Group Holding Limited for the previous quarter, Wall Street now forecasts -43.28% negative EPS growth.

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