Time Warner Just Handed Snapchat a $100 Million Lifeline


RBC Capital Markets downgraded Time Warner Inc (NYSE:TWX) rating on Monday, October 24.

Investors have, in recent weeks, ditched their positions in the social platform that bills itself as a camera company.

For Snap, programming-rich partners like Time Warner spell an opportunity to expand its content offerings, Nick Bell, vice president of dontent for Snap, said Monday. Kentucky Retirement Systems bought a new stake in shares of Time Warner during the fourth quarter worth approximately $5,402,000. Meyer Handelman has invested 0.31% of its portfolio in Time Warner Inc (NYSE:TWX).

The stock increased 0.71% or $0.7 during the last trading session, reaching $99.9. Piedmont Inv Advsrs Ltd Limited Liability Company reported 165,503 shares or 0% of all its holdings.

Time Warner (NYSE:TWX) last posted its quarterly earnings data on Wednesday, May 3rd.

Time Warner, which owns HBO and CNN, will also advertise on the service.

More news: Crusaders field strong pack against Lions
More news: French Open Day 14: Ostapenko claims first Grand Slam title
More news: Punjab Govt. announces loan waiver for 'marginal' farmers

People familiar with the deal tell TechCrunch that the deal is valued at about $100M spent over the next two years. The firm's revenue for the quarter was up 5.8% on a year-over-year basis. Their 52-Week High and Low are noted here. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.62%. Time Warner's payout ratio is presently 30.78%.

Private Trust Co increased Ecolab Inc. FSB MO Purchases 872 Shares of Time Warner Inc.

COPYRIGHT VIOLATION WARNING: This piece was published by Sports Perspectives and is the sole property of of Sports Perspectives.

A number of brokerages have recently issued reports on TWX. Snap and Time Warner will split ad revenue. BMO Capital Markets reiterated a "hold" rating and issued a $108.00 price objective on shares of Time Warner in a report on Friday, May 19th.

In order to tell which way a stock is trending, the stock's share price should be compared to its moving average. (NYSE:TWX), 16 have Buy rating, 0 Sell and 17 Hold. The firm owned 229,942 shares of the media conglomerate's stock after buying an additional 129,942 shares during the period. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Wealthtrust accumulated 192 shares or 0.01% of the stock. Aperio Lc stated it has 0.27% in Time Warner Inc (NYSE:TWX). So far, Snap has signed content deals with Disney Enterprises Inc.'s (DIS) ABC, Comcast Corp.'s (CMCSA) NBCUniversal, BBC, A+E Networks and Discovery Communications Inc., among others.