Time Warner Inc. (NYSE:TWX)‘s stock had its “overweight” rating restated by analysts at Albert Fried & Company in a research report issued on Saturday. They presently have a $90.00 target price on the media conglomerate’s stock. Albert Fried & Company’s price target would indicate a potential upside of 13.14% from the company’s previous close.

A number of other analysts have also weighed in on TWX. FBR & Co lowered shares of Time Warner from an “outperform” rating to a “market perform” rating and set a $81.00 target price on the stock. in a research report on Tuesday, July 26th. Brean Capital restated a “buy” rating on shares of Time Warner in a research report on Tuesday, July 26th. RBC Capital Markets restated an “outperform” rating and issued a $95.00 target price (up previously from $92.00) on shares of Time Warner in a research report on Thursday, August 4th. Royal Bank Of Canada raised their target price on shares of Time Warner from $92.00 to $95.00 and gave the company an “outperform” rating in a research report on Thursday, August 4th. Finally, Wells Fargo & Co. lowered shares of Time Warner to a “hold” rating in a report on Monday, July 11th. One research analyst has rated the stock with a sell rating, nine have given a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $86.11.

Analyst Recommendations for Time Warner (NYSE:TWX)

Time Warner (NYSE:TWX) traded up 0.19% during mid-day trading on Friday, hitting $79.55. 2,449,102 shares of the company were exchanged. The company’s 50-day moving average is $78.09 and its 200 day moving average is $76.19. Time Warner has a 12-month low of $55.53 and a 12-month high of $81.33. The company has a market capitalization of $61.88 billion, a P/E ratio of 15.83 and a beta of 1.21.

Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates 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. Analysts expect that Time Warner will post $5.42 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were paid a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.02%. The ex-dividend date was Monday, August 29th. Time Warner’s payout ratio is currently 32.01%.

In related news, EVP Paul T. Cappuccio sold 56,595 shares of the company’s stock in a transaction that occurred on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the sale, the executive vice president now owns 157,877 shares of the company’s stock, valued at approximately $12,352,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karen Magee sold 14,240 shares of the company’s stock in a transaction that occurred on Thursday, August 25th. The stock was sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the sale, the insider now directly owns 7,461 shares in the company, 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 hedge funds have recently bought and sold shares of the company. Investment Centers of America Inc. raised its stake in Time Warner by 0.3% in the second quarter. Investment Centers of America Inc. now owns 3,093 shares of the media conglomerate’s stock worth $227,000 after buying an additional 9 shares during the period. Bremer Trust National Association raised its stake in Time Warner by 0.3% in the third quarter. Bremer Trust National Association now owns 3,795 shares of the media conglomerate’s stock worth $302,000 after buying an additional 10 shares during the period. Benjamin F. Edwards & Company Inc. raised its stake in Time Warner by 0.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,978 shares of the media conglomerate’s stock worth $513,000 after buying an additional 22 shares during the period. Cypress Wealth Advisors LLC raised its stake in Time Warner by 0.6% in the second quarter. Cypress Wealth Advisors LLC now owns 4,142 shares of the media conglomerate’s stock worth $305,000 after buying an additional 25 shares during the period. Finally, Choate Investment Advisors raised its stake in Time Warner by 0.4% in the second quarter. Choate Investment Advisors now owns 7,843 shares of the media conglomerate’s stock worth $577,000 after buying an additional 29 shares during the period. 80.67% of the stock is currently owned by institutional investors and hedge funds.

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.

5 Day Chart for NYSE:TWX

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