Cibc World Markets Trimmed Its Stake in Time Warner (TWX) as Stock Value Declined; Jpmorgan Chase & Co (JPM) Shareholder Tiger Management Has Increased Its Stake by $8.91 Million

June 14, 2018 - By David Stenberg

Time Warner Inc. (NYSE:TWX) Logo

Cibc World Markets Inc decreased its stake in Time Warner Inc (TWX) by 91.57% based on its latest 2018Q1 regulatory filing with the SEC. Cibc World Markets Inc sold 97,427 shares as the company’s stock declined 1.16% with the market. The institutional investor held 8,974 shares of the television services company at the end of 2018Q1, valued at $849,000, down from 106,401 at the end of the previous reported quarter. Cibc World Markets Inc who had been investing in Time Warner Inc for a number of months, seems to be less bullish one the $77.85B market cap company. The stock increased 1.59% or $1.555 during the last trading session, reaching $99.505. About 16.25 million shares traded or 144.76% up from the average. Time Warner Inc. (NYSE:TWX) has declined 5.23% since June 14, 2017 and is downtrending. It has underperformed by 17.80% the S&P500. Some Historical TWX News: 09/05/2018 – Comcast plans to make an all-cash competing offer if the Justice Department approves the AT&T-Time Warner deal, sources told CNBC; 15/05/2018 – House Judiciary Dems: #BREAKING: Top House Judiciary And @OversightDems Renew Call For White House- @TheJusticeDept; 22/03/2018 – It is also possible Time Warner is simply a melting iceberg that may keep losing value; 11/05/2018 – EXCLUSIVE-AT&T HEAD OF EXTERNAL AND LEGISLATIVE AFFAIRS BOB QUINN IS RETIRING -MEMO; 30/04/2018 – AT&T’s Time Warner Takeover at Crossroads as Judge Weighs Ruling; 30/03/2018 – Time Warner Declares Regular Dividend of 40.25c; 15/05/2018 – AT&T Expects June 12 Ruling on DOJ Suit Over Time Warner Deal; 26/04/2018 – Time Warner 1Q Warner Bros. Revenue $3.24B; 15/03/2018 – Channel NewsAsia: AT&T, Time Warner merger trial to be delayed two days; 30/05/2018 – AT&T CFO: Expect a Ruling on June 12 in Suit Brought Against AT&T and Time Warner by U.S. DOJ

Julian Robertson increased its stake in Jpmorgan Chase & Co (JPM) by 37.87% based on its latest 2018Q1 regulatory filing with the SEC. Tiger Management Llc bought 81,760 shares as the company’s stock declined 6.83% with the market. The hedge fund run by Julian Robertson held 297,660 shares of the major banks company at the end of 2018Q1, valued at $32.73M, up from 215,900 at the end of the previous reported quarter. Tiger Management Llc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be bullish on the $368.36 billion market cap company. The stock decreased 1.60% or $1.76 during the last trading session, reaching $108.21. About 8.99 million shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 29.65% since June 14, 2017 and is uptrending. It has outperformed by 17.08% the S&P500. Some Historical JPM News: 15/05/2018 – Paychex Presenting at JPMorgan Conference Tomorrow; 02/05/2018 – Nvidia Presenting at JPMorgan Conference May 15; 15/05/2018 – LONZA GROUP AG LONN.S : JP MORGAN RAISES TARGET PRICE TO SFR 295 FROM SFR 285; 30/04/2018 – JPMorgan Large Cap Growth Adds Abiomed, Exits Comcast; 15/05/2018 – Fortinet Presenting at JPMorgan Conference Tomorrow; 10/05/2018 – New Relic Presenting at JPMorgan Conference May 17; 11/05/2018 – Advanced Energy Presenting at JPMorgan Conference May 15; 15/03/2018 – Widely-followed JP Morgan analyst Kolanovic says new market highs are coming soon; 09/03/2018 – JPMorgan Emerging Adds Yili Industrial, Exits Tal Education; 08/05/2018 – Verifi Appoints Gabe McGloin to Head of International Merchant Sales & Business Development

Since January 13, 2018, it had 3 buys, and 8 selling transactions for $18.63 million activity. On Friday, January 19 the insider Scher Peter sold $3.01 million. Lake Marianne sold $1.03 million worth of stock. $825,327 worth of JPMorgan Chase & Co. (NYSE:JPM) was bought by CROWN JAMES S. Petno Douglas B also sold $5.43M worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. Giles Nicole also sold $425,399 worth of JPMorgan Chase & Co. (NYSE:JPM) on Saturday, January 13. Erdoes Mary E. had sold 65,101 shares worth $7.31M on Saturday, January 13.

Investors sentiment decreased to 0.81 in 2018 Q1. Its down 0.07, from 0.88 in 2017Q4. It dropped, as 52 investors sold JPM shares while 843 reduced holdings. 132 funds opened positions while 596 raised stakes. 2.39 billion shares or 2.61% less from 2.46 billion shares in 2017Q4 were reported. Mackay Shields Ltd Liability Com accumulated 1.27M shares. Utd Asset Strategies owns 7,965 shares. Lpl Limited Liability Corporation owns 0.28% invested in JPMorgan Chase & Co. (NYSE:JPM) for 940,872 shares. Moneta Grp Investment has 20,365 shares. Court Place Advisors Ltd Liability Com has 1.05% invested in JPMorgan Chase & Co. (NYSE:JPM) for 22,897 shares. Forte Limited Liability Corp Adv has 0.76% invested in JPMorgan Chase & Co. (NYSE:JPM). 24,598 were accumulated by Spc Incorporated. Wexford Capital Limited Partnership has 0.96% invested in JPMorgan Chase & Co. (NYSE:JPM). Suvretta Limited Liability Co invested in 3.42% or 1.23 million shares. Redmond Asset Limited Liability Company holds 2.34% or 50,910 shares. New York-based Locust Wood Cap Advisers Lc has invested 4.75% in JPMorgan Chase & Co. (NYSE:JPM). Meiji Yasuda Asset Mngmt Limited accumulated 151,352 shares or 1.58% of the stock. 1832 Asset Management Lp has invested 0.89% in JPMorgan Chase & Co. (NYSE:JPM). Panagora Asset Management holds 3.19M shares or 1.39% of its portfolio. Torray Lc, Maryland-based fund reported 2,380 shares.

More notable recent JPMorgan Chase & Co. (NYSE:JPM) news were published by: 247Wallst.com which released: “Short Sellers Grow More Selective on Major Banks” on June 12, 2018, also Bizjournals.com with their article: “JPMorgan Chase puts $300000 behind Tampa Bay Partnership’s skills gap initiative” published on June 13, 2018, Bizjournals.com published: “Banking Roundup: Starbucks launches JPMorgan Visa cards… BofA’s virtual assistant Erica hits milestone” on June 13, 2018. More interesting news about JPMorgan Chase & Co. (NYSE:JPM) were released by: Thestreet.com and their article: “5 Reasons Why JPMorgan Will Be a Monster Trade” published on May 30, 2018 as well as Themiddlemarket.com‘s news article titled: “M&A daily wrap: Rockwell, PTC, L Catterton, Splunk, Heineken, Knauf” with publication date: June 11, 2018.

Among 34 analysts covering JPMorgan Chase & Co (NYSE:JPM), 18 have Buy rating, 2 Sell and 14 Hold. Therefore 53% are positive. JPMorgan Chase & Co had 120 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Monday, April 30 by Morgan Stanley. The stock has “Hold” rating by Ertse Group on Monday, April 25. Robert W. Baird maintained it with “Hold” rating and $92.0 target in Wednesday, November 15 report. The stock has “Overweight” rating by Barclays Capital on Friday, October 13. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Hold” rating by BMO Capital Markets on Friday, October 6. Credit Suisse maintained JPMorgan Chase & Co. (NYSE:JPM) rating on Monday, October 9. Credit Suisse has “Buy” rating and $110.0 target. Jefferies maintained the stock with “Buy” rating in Monday, October 10 report. The company was initiated on Wednesday, July 13 by Berenberg. On Wednesday, December 6 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Jefferies with “Buy” on Friday, July 7.

Tiger Management Llc, which manages about $799.15M and $780.41 million US Long portfolio, decreased its stake in T2 Biosystems Inc (NASDAQ:TTOO) by 304,228 shares to 2.02 million shares, valued at $13.09 million in 2018Q1, according to the filing. It also reduced its holding in Aptiv Plc (Call) by 10,600 shares in the quarter, leaving it with 10,000 shares, and cut its stake in Ebay Inc (Call) (NASDAQ:EBAY).

Among 41 analysts covering Time Warner Inc. (NYSE:TWX), 16 have Buy rating, 0 Sell and 25 Hold. Therefore 39% are positive. Time Warner Inc. had 128 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Time Warner Inc. (NYSE:TWX) earned “Equal-Weight” rating by Barclays Capital on Friday, August 14. The stock of Time Warner Inc. (NYSE:TWX) earned “Buy” rating by Jefferies on Thursday, August 4. The firm has “Hold” rating by Needham given on Tuesday, October 31. The firm has “Market Perform” rating given on Thursday, August 20 by Bernstein. The firm has “Outperform” rating by Macquarie Research given on Friday, September 11. The company was maintained on Friday, February 12 by Wedbush. The stock of Time Warner Inc. (NYSE:TWX) has “Buy” rating given on Friday, July 28 by Jefferies. The firm has “Hold” rating by FBR Capital given on Monday, October 16. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, October 16. Wedbush maintained the shares of TWX in report on Monday, October 24 with “Neutral” rating.

Since February 5, 2018, it had 0 buys, and 2 selling transactions for $766,866 activity. 4,019 shares were sold by WRIGHT DEBORAH C, worth $376,219.

Investors sentiment increased to 0.98 in 2018 Q1. Its up 0.07, from 0.91 in 2017Q4. It improved, as 68 investors sold TWX shares while 336 reduced holdings. 98 funds opened positions while 299 raised stakes. 589.17 million shares or 1.52% less from 598.25 million shares in 2017Q4 were reported. Moreover, Columbus Hill Mgmt Ltd Partnership has 4.59% invested in Time Warner Inc. (NYSE:TWX) for 1.11 million shares. Reynders Mcveigh Cap Mgmt Ltd Company has invested 0% in Time Warner Inc. (NYSE:TWX). Alexandria Limited Liability Company has 10,117 shares. Td Asset has 0.12% invested in Time Warner Inc. (NYSE:TWX) for 846,313 shares. Dimensional Fund Advisors Ltd Partnership stated it has 0.34% in Time Warner Inc. (NYSE:TWX). Randolph Co accumulated 323,289 shares or 5.56% of the stock. 40,833 are owned by Narwhal. Stevens First Principles Advsr has 0.07% invested in Time Warner Inc. (NYSE:TWX) for 1,161 shares. Empyrean Ltd Partnership invested 9.75% of its portfolio in Time Warner Inc. (NYSE:TWX). 1832 Asset Management Lp, a Ontario – Canada-based fund reported 50 shares. 2,311 were reported by Rmb Management. Redwood Capital Mgmt Ltd Liability Corporation has 6.09% invested in Time Warner Inc. (NYSE:TWX) for 919,925 shares. Acadian Asset Management Ltd Liability Corporation accumulated 8,338 shares. Gabelli & Advisers owns 482,356 shares for 5.79% of their portfolio. Edgestream Partners Ltd Partnership has invested 0.06% of its portfolio in Time Warner Inc. (NYSE:TWX).

Analysts await Time Warner Inc. (NYSE:TWX) to report earnings on August, 1. They expect $1.58 EPS, up 18.80% or $0.25 from last year’s $1.33 per share. TWX’s profit will be $1.24B for 15.74 P/E if the $1.58 EPS becomes a reality. After $2.28 actual EPS reported by Time Warner Inc. for the previous quarter, Wall Street now forecasts -30.70% negative EPS growth.

Cibc World Markets Inc, which manages about $24.27 billion US Long portfolio, upped its stake in Pimco Dynmic Credit And Mrt (PCI) by 73,519 shares to 91,621 shares, valued at $2.10 million in 2018Q1, according to the filing. It also increased its holding in Yy Inc (NASDAQ:YY) by 4,301 shares in the quarter, for a total of 8,241 shares, and has risen its stake in Ishares Inc (EWY).

JPMorgan Chase & Co. (NYSE:JPM) Institutional Positions Chart

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