Albert Fried & Company restated their overweight rating on shares of Time Warner Inc. (NYSE:TWX) in a research note issued to investors on Saturday morning. They currently have a $90.00 price objective on the media conglomerate’s stock.
Other research analysts have also recently issued research reports about the company. Brean Capital reaffirmed a buy rating on shares of Time Warner in a research note on Tuesday, July 26th. Vetr cut Time Warner from a strong-buy rating to a buy rating and set a $84.06 target price for the company. in a research note on Thursday, July 7th. Moffett Nathanson reaffirmed a buy rating and set a $87.00 target price on shares of Time Warner in a research note on Thursday, July 7th. Goldman Sachs Group Inc. reiterated a buy rating on shares of Time Warner in a research report on Wednesday, July 6th. Finally, Drexel Hamilton reiterated a buy rating on shares of Time Warner in a research report on Tuesday, July 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-four have given a buy rating and one has given a strong buy rating to the company’s stock. Time Warner has an average rating of Buy and a consensus target price of $86.11.
Shares of Time Warner (NYSE:TWX) traded up 0.19% during mid-day trading on Friday, hitting $79.55. The stock had a trading volume of 2,449,102 shares. The firm has a market cap of $61.88 billion, a price-to-earnings ratio of 15.83 and a beta of 1.21. Time Warner has a one year low of $55.53 and a one year high of $81.33. The company has a 50-day moving average of $78.09 and a 200 day moving average of $76.19.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.13. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. The business earned $7 billion during the quarter, compared to analysts’ expectations of $7.12 billion. During the same quarter last year, the business posted $1.25 earnings per share. The company’s quarterly revenue was down 5.4% on a year-over-year basis. On average, equities research analysts forecast that Time Warner will post $5.42 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.61 annualized dividend and a dividend yield of 2.02%. Time Warner’s dividend payout ratio (DPR) is presently 32.01%.
In other Time Warner news, EVP Paul T. Cappuccio sold 56,595 shares of Time Warner stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $78.24, for a total value of $4,427,992.80. Following the completion of the transaction, the executive vice president now owns 157,877 shares in the company, valued at approximately $12,352,296.48. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Karen Magee sold 14,240 shares of Time Warner stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $79.97, for a total value of $1,138,772.80. Following the completion of the transaction, the insider now owns 7,461 shares of the company’s stock, valued at approximately $596,656.17. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.
A number of institutional investors have recently modified their holdings of the stock. Ensemble Capital Management LLC increased its position in shares of Time Warner by 24.4% in the first quarter. Ensemble Capital Management LLC now owns 177,245 shares of the media conglomerate’s stock valued at $12,859,000 after buying an additional 34,770 shares during the last quarter. Springowl Associates LLC purchased a new stake in Time Warner during the first quarter worth $725,000. Geode Capital Management LLC increased its stake in Time Warner by 0.5% in the first quarter. Geode Capital Management LLC now owns 6,398,087 shares of the media conglomerate’s stock worth $463,236,000 after buying an additional 34,327 shares during the last quarter. Advent Capital Management DE purchased a new stake in Time Warner during the first quarter worth $2,517,000. Finally, Baker Avenue Asset Management LP purchased a new stake in Time Warner during the first quarter worth $310,000. Hedge funds and other institutional investors own 80.67% of the company’s stock.
Time Warner Company Profile
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.
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