Time Warner Inc. (TWX) Stock Rating Lowered by BidaskClub
BidaskClub cut shares of Time Warner Inc. (NYSE:TWX) from a strong-buy rating to a buy rating in a report published on Thursday, July 13th.
Several other equities research analysts have also issued reports on the company. FBR & Co reissued a buy rating and issued a $107.50 target price on shares of Time Warner in a research note on Friday, April 7th. MKM Partners reissued a neutral rating and issued a $107.50 target price (up previously from $90.00) on shares of Time Warner in a research note on Monday, May 1st. Rosenblatt Securities initiated coverage on Time Warner in a research note on Tuesday, April 4th. They issued a neutral rating and a $105.00 target price for the company. BMO Capital Markets reissued a hold rating and issued a $108.00 target price on shares of Time Warner in a research note on Monday, April 17th. Finally, Morgan Stanley reissued an overweight rating on shares of Time Warner in a research note on Thursday, July 6th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of Hold and an average price target of $102.25.
Time Warner (TWX) opened at 102.17 on Thursday. Time Warner has a 12 month low of $74.27 and a 12 month high of $103.34. The company has a market cap of $79.39 billion, a price-to-earnings ratio of 18.94 and a beta of 1.05. The company has a 50-day moving average of $100.48 and a 200-day moving average of $98.63.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The firm had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. During the same quarter in the previous year, the company posted $1.29 earnings per share. The company’s revenue was up 5.4% compared to the same quarter last year. Analysts predict that Time Warner will post $6.09 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were paid a $0.4025 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.58%. Time Warner’s payout ratio is presently 29.98%.
In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of $99.67 per share, for a total transaction of $25,415.85. Following the purchase, the chief financial officer now owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 0.16% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of TWX. Archford Capital Strategies LLC purchased a new position in shares of Time Warner during the fourth quarter worth $106,000. Bellwether Investment Group LLC raised its position in shares of Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in shares of Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after buying an additional 100 shares during the last quarter. Carroll Financial Associates Inc. raised its position in shares of Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock worth $122,000 after buying an additional 33 shares during the last quarter. Finally, Motco purchased a new position in shares of Time Warner during the second quarter worth $129,000. Hedge funds and other institutional investors own 80.02% of the company’s stock.
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 premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.
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