Time Warner Inc. (NYSE:TWX) shares saw strong trading volume on Thursday . 5,803,526 shares changed hands during trading, an increase of 50% from the previous session’s volume of 3,873,665 shares.The stock last traded at $76.11 and had previously closed at $74.54.

Several analysts recently weighed in on the company. Needham & Company LLC reissued a “hold” rating on shares of Time Warner in a report on Tuesday, April 19th. Nomura Holdings Inc. lifted their price target on Time Warner from $80.00 to $82.00 and gave the stock a “neutral” rating in a report on Thursday, May 5th. Pacific Crest reissued a “hold” rating on shares of Time Warner in a report on Sunday, May 22nd. MKM Partners lifted their price target on Time Warner from $78.00 to $86.00 and gave the stock a “buy” rating in a report on Thursday, April 28th. Finally, Goldman Sachs Group Inc. lifted their price target on Time Warner from $81.00 to $87.00 and gave the stock a “buy” rating in a report on Thursday, May 5th. Ten equities research analysts have rated the stock with a hold rating and twenty-six have assigned a buy rating to the company. The company has an average rating of “Buy” and an average target price of $84.69.

The company has a market capitalization of $61.31 billion and a PE ratio of 15.64. The company has a 50 day moving average of $73.74 and a 200 day moving average of $71.26.

Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, May 4th. The media conglomerate reported $1.49 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.19. During the same period last year, the business posted $1.19 earnings per share. The company had revenue of $7.30 billion for the quarter, compared to the consensus estimate of $7.33 billion. The firm’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, analysts predict that Time Warner Inc. will post $5.38 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 15th. Stockholders of record on Tuesday, May 31st were paid a dividend of $0.4025 per share. The ex-dividend date of this dividend was Thursday, May 26th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.07%.

In related news, CEO Jeffrey L. Bewkes sold 272,710 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $74.26, for a total value of $20,251,444.60. Following the sale, the chief executive officer now directly owns 354,823 shares of the company’s stock, valued at $26,349,155.98. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Stephen F. Bollenbach sold 8,038 shares of the firm’s stock in a transaction dated Monday, May 9th. The stock was sold at an average price of $74.23, for a total value of $596,660.74. Following the completion of the sale, the director now directly owns 31,297 shares in the company, valued at $2,323,176.31. The disclosure for this sale can be found here.

Several hedge funds have bought and sold shares of TWX. Janus Capital Management boosted its stake in Time Warner by 16.0% in the third quarter. Janus Capital Management now owns 2,380,816 shares of the media conglomerate’s stock valued at $163,681,000 after buying an additional 327,877 shares during the last quarter. Creative Planning boosted its stake in Time Warner by 2.9% in the fourth quarter. Creative Planning now owns 41,931 shares of the media conglomerate’s stock valued at $2,712,000 after buying an additional 1,169 shares during the last quarter. LSV Asset Management boosted its stake in Time Warner by 49.7% in the fourth quarter. LSV Asset Management now owns 50,602 shares of the media conglomerate’s stock valued at $3,272,000 after buying an additional 16,800 shares during the last quarter. Sandy Spring Bank boosted its stake in Time Warner by 18.9% in the fourth quarter. Sandy Spring Bank now owns 30,485 shares of the media conglomerate’s stock valued at $1,972,000 after buying an additional 4,847 shares during the last quarter. Finally, Beach Investment Counsel Inc. PA boosted its stake in Time Warner by 30.8% in the fourth quarter. Beach Investment Counsel Inc. PA now owns 39,099 shares of the media conglomerate’s stock valued at $2,529,000 after buying an additional 9,200 shares during the last quarter.

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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