Time Warner Inc. (NYSE:TWX) – Equities researchers at Wedbush lifted their Q3 2016 EPS estimates for Time Warner in a research note issued to investors on Monday. Wedbush analyst J. Dix now forecasts that the firm will post earnings per share of $1.35 for the quarter, up from their previous estimate of $1.33. Wedbush currently has a “Neutral” rating and a $90.00 target price on the stock. Wedbush also issued estimates for Time Warner’s Q4 2016 earnings at $1.30 EPS and FY2017 earnings at $6.09 EPS.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.16 by $0.13. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The company had revenue of $7 billion for the quarter, compared to analysts’ expectations of $7.12 billion. During the same period last year, the firm earned $1.25 earnings per share. The business’s revenue for the quarter was down 5.4% on a year-over-year basis.

Earnings History and Estimates for Time Warner (NYSE:TWX)

Several other research firms also recently commented on TWX. Brean Capital reissued a “buy” rating on shares of Time Warner in a research report on Tuesday, July 26th. Jefferies Group reaffirmed a “buy” rating on shares of Time Warner in a research report on Thursday, August 25th. Albert Fried & Company reaffirmed an “outperform” rating and issued a $90.00 price objective on shares of Time Warner in a research report on Thursday, September 29th. Vetr downgraded shares of Time Warner from a “strong-buy” rating to a “buy” rating and set a $84.06 price objective for the company. in a research report on Thursday, July 7th. Finally, Zacks Investment Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $86.11.

Shares of Time Warner (NYSE:TWX) traded up 0.35% on Wednesday, hitting $79.79. 780,229 shares of the stock traded hands. The stock has a 50 day moving average price of $78.09 and a 200-day moving average price of $76.34. Time Warner has a 52 week low of $55.53 and a 52 week high of $81.33. The stock has a market cap of $62.06 billion, a price-to-earnings ratio of 15.88 and a beta of 1.21.

In other news, EVP Paul T. Cappuccio sold 56,595 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total value of $4,427,992.80. Following the completion of the sale, the executive vice president now directly owns 157,877 shares of the company’s stock, valued at approximately $12,352,296.48. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Karen Magee sold 14,240 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider now directly owns 7,461 shares of the company’s stock, valued at $596,656.17. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.

Several large investors have recently bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Time Warner by 1.3% in the second quarter. Vanguard Group Inc. now owns 45,700,331 shares of the media conglomerate’s stock valued at $3,360,803,000 after buying an additional 591,329 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Time Warner by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 12,324,835 shares of the media conglomerate’s stock valued at $906,367,000 after buying an additional 193,231 shares in the last quarter. FMR LLC boosted its stake in Time Warner by 1.1% in the second quarter. FMR LLC now owns 10,869,061 shares of the media conglomerate’s stock valued at $799,310,000 after buying an additional 120,162 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in Time Warner by 0.4% in the second quarter. Dimensional Fund Advisors LP now owns 8,940,308 shares of the media conglomerate’s stock valued at $657,390,000 after buying an additional 36,942 shares in the last quarter. Finally, Independent Franchise Partners LLP boosted its stake in Time Warner by 3.4% in the second quarter. Independent Franchise Partners LLP now owns 8,174,133 shares of the media conglomerate’s stock valued at $601,125,000 after buying an additional 269,450 shares in the last quarter. 80.68% of the stock is 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.

5 Day Chart for NYSE:TWX

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