Time Warner’s (TWX) “Buy” Rating Reaffirmed at Brean Capital
TWX has been the subject of several other reports. Stifel Nicolaus decreased their target price on shares of Time Warner from $105.00 to $81.00 and set a hold rating for the company in a research note on Monday, October 24th. Goldman Sachs Group Inc. cut shares of Time Warner from a conviction-buy rating to a neutral rating and boosted their target price for the company from $93.00 to $103.00 in a research note on Monday, October 24th. Jefferies Group reiterated a buy rating on shares of Time Warner in a research note on Thursday, August 25th. FBR & Co boosted their target price on shares of Time Warner from $81.00 to $97.00 and gave the company a mkt perform rating in a research note on Monday, October 24th. Finally, Loop Capital reiterated a buy rating and issued a $96.00 target price on shares of Time Warner in a research note on Wednesday, August 17th. One analyst has rated the stock with a sell rating, seventeen have assigned a hold rating, twenty-two have issued a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Buy and an average target price of $95.04.
Time Warner (NYSE:TWX) opened at 92.91 on Tuesday. The stock has a market capitalization of $71.65 billion, a PE ratio of 16.53 and a beta of 1.08. Time Warner has a 52 week low of $55.53 and a 52 week high of $94.44. The firm has a 50 day moving average of $86.51 and a 200-day moving average of $79.10.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, November 2nd. The media conglomerate reported $1.83 EPS for the quarter, beating the consensus estimate of $1.37 by $0.46. Time Warner had a net margin of 15.75% and a return on equity of 18.95%. The business earned $7.20 billion during the quarter, compared to analysts’ expectations of $6.92 billion. During the same period in the previous year, the business posted $1.25 EPS. The business’s quarterly revenue was up 9.2% compared to the same quarter last year. On average, equities analysts predict that Time Warner will post $5.78 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be given a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.73%. The ex-dividend date of this dividend is Monday, November 28th. Time Warner’s payout ratio is 28.60%.
In other Time Warner news, EVP Paul T. Cappuccio sold 56,595 shares of the company’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 157,877 shares of the company’s stock, valued at approximately $12,352,296.48. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 0.16% of the stock is owned by company insiders.
Several institutional investors have recently made changes to their positions in the stock. Parkside Financial Bank & Trust raised its position in shares of Time Warner by 11.6% in the third quarter. Parkside Financial Bank & Trust now owns 1,275 shares of the media conglomerate’s stock worth $101,000 after buying an additional 133 shares during the last quarter. Tradewinds Capital Management LLC raised its position in shares of Time Warner by 64.7% in the third quarter. Tradewinds Capital Management LLC now owns 1,413 shares of the media conglomerate’s stock worth $112,000 after buying an additional 555 shares during the last quarter. FTB Advisors Inc. raised its position in shares of Time Warner by 8.5% in the third quarter. FTB Advisors Inc. now owns 1,426 shares of the media conglomerate’s stock worth $112,000 after buying an additional 112 shares during the last quarter. Cornerstone Advisors Inc. raised its stake in Time Warner by 146.4% in the third quarter. Cornerstone Advisors Inc. now owns 1,491 shares of the media conglomerate’s stock valued at $119,000 after buying an additional 886 shares in the last quarter. Finally, RidgeWorth Capital Management LLC raised its stake in Time Warner by 35.9% in the second quarter. RidgeWorth Capital Management LLC now owns 1,502 shares of the media conglomerate’s stock valued at $112,000 after buying an additional 397 shares in the last quarter. 80.32% of the stock is currently owned by 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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