Brokerages Set Time Warner Inc. (NYSE:TWX) PT at $87.81
Shares of Time Warner Inc. (NYSE:TWX) have received a consensus rating of “Buy” from the thirty-six research firms that are presently covering the stock. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokers that have issued ratings on the stock in the last year is $87.81.
TWX has been the topic of a number of recent research reports. Vetr lowered shares of Time Warner from a “buy” rating to a “hold” rating and set a $78.34 price target on the stock. in a research report on Wednesday, June 8th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Time Warner in a research report on Friday, June 17th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Time Warner in a research report on Wednesday, July 6th. Brean Capital initiated coverage on shares of Time Warner in a research report on Thursday, July 7th. They set a “buy” rating and a $90.00 price target on the stock. Finally, Moffett Nathanson reaffirmed a “buy” rating and set a $87.00 price target on shares of Time Warner in a research report on Thursday, July 7th.
Time Warner (NYSE:TWX) opened at 78.56 on Monday. The firm has a market capitalization of $61.11 billion, a price-to-earnings ratio of 15.63 and a beta of 1.18. The stock’s 50 day moving average is $78.51 and its 200-day moving average is $75.59. Time Warner has a 12 month low of $55.53 and a 12 month high of $81.33.
Time Warner (NYSE:TWX) last issued its quarterly earnings data 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. The company had revenue of $7 billion for the quarter, compared to analyst estimates of $7.12 billion. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The company’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 earnings per share. Equities analysts anticipate that Time Warner will post $5.42 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st were paid a dividend of $0.4025 per share. The ex-dividend date was Monday, August 29th. This represents a $1.61 dividend on an annualized basis and a yield of 2.05%. Time Warner’s dividend payout ratio (DPR) is presently 32.01%.
In other Time Warner news, 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 transaction of $1,138,772.80. Following the transaction, the insider now directly owns 7,461 shares of the company’s stock, valued at approximately $596,656.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 transaction of $4,427,992.80. Following the transaction, the executive vice president now directly owns 157,877 shares in the company, valued at $12,352,296.48. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Eaton Vance Management increased its position in Time Warner by 559.6% in the second quarter. Eaton Vance Management now owns 3,568,589 shares of the media conglomerate’s stock worth $262,434,000 after buying an additional 3,027,578 shares in the last quarter. Emerald Acquisition Ltd. purchased a new position in Time Warner during the second quarter worth about $174,269,000. Janus Capital Management LLC increased its position in Time Warner by 36.1% in the second quarter. Janus Capital Management LLC now owns 5,612,332 shares of the media conglomerate’s stock worth $412,731,000 after buying an additional 1,487,857 shares in the last quarter. Hitchwood Capital Management LP purchased a new position in Time Warner during the second quarter worth about $73,540,000. Finally, Cannell Peter B & Co Inc increased its position in Time Warner by 2,810.1% in the first quarter. Cannell Peter B & Co Inc now owns 743,525 shares of the media conglomerate’s stock worth $53,943,000 after buying an additional 717,975 shares in the last quarter. 80.68% of the stock is currently owned by hedge funds and other institutional investors.
About Time Warner
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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