Pivotal Research upgraded shares of Time Warner Inc. (NYSE:TWX) from a hold rating to a buy rating in a research report report published on Monday morning, Marketbeat.com reports. The brokerage currently has $103.00 target price on the media conglomerate’s stock, up from their previous target price of $102.00.

Other research analysts have also issued research reports about the company. BidaskClub raised Time Warner from a hold rating to a buy rating in a research report on Tuesday, August 1st. Deutsche Bank AG reissued a buy rating and issued a $99.00 target price on shares of Time Warner in a research report on Friday, November 10th. Rosenblatt Securities raised Time Warner from a neutral rating to a buy rating and set a $103.00 target price for the company in a research report on Monday. Barclays PLC downgraded Time Warner from an overweight rating to an equal weight rating and upped their price target for the stock from $95.00 to $107.00 in a research note on Friday, August 4th. Finally, BMO Capital Markets restated a hold rating and issued a $108.00 price target on shares of Time Warner in a research note on Wednesday, September 13th. Twenty-two equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Time Warner currently has a consensus rating of Hold and a consensus price target of $103.68.

Time Warner (NYSE TWX) opened at $87.37 on Monday. Time Warner has a 52-week low of $85.88 and a 52-week high of $103.90. The stock has a market capitalization of $67,990.00, a P/E ratio of 14.60, a PEG ratio of 1.39 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26.

Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the prior year, the company earned $1.83 EPS. The business’s revenue was up 6.0% compared to the same quarter last year. research analysts expect that Time Warner will post 6.2 earnings per share for the current fiscal year.

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The company also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a $0.4025 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.84%. Time Warner’s dividend payout ratio (DPR) is currently 30.61%.

Hedge funds have recently added to or reduced their stakes in the company. Legal & General Group Plc boosted its stake in shares of Time Warner by 2.6% in the 2nd quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock worth $397,891,000 after buying an additional 99,059 shares during the last quarter. Segantii Capital Management Ltd bought a new position in Time Warner in the 2nd quarter worth $33,886,000. Blair William & Co. IL raised its holdings in Time Warner by 27.9% in the 2nd quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock worth $3,728,000 after purchasing an additional 8,096 shares during the period. State of Wisconsin Investment Board raised its holdings in Time Warner by 1.3% in the 2nd quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock worth $90,137,000 after purchasing an additional 11,740 shares during the period. Finally, Whittier Trust Co. raised its holdings in Time Warner by 3.2% in the 3rd quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock worth $5,038,000 after purchasing an additional 1,513 shares during the period. Hedge funds and other institutional investors own 78.46% 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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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