Investors Sell Time Warner Inc. (TWX) on Strength (TWX)
Investors sold shares of Time Warner Inc. (NYSE:TWX) on strength during trading on Tuesday. $27.07 million flowed into the stock on the tick-up and $45.26 million flowed out of the stock on the tick-down, for a money net flow of $18.19 million out of the stock. Of all stocks tracked, Time Warner had the 0th highest net out-flow for the day. Time Warner traded up $0.19 for the day and closed at $81.05
Several equities research analysts recently weighed in on TWX shares. Credit Suisse Group AG reaffirmed a “buy” rating and set a $90.00 target price on shares of Time Warner in a research note on Friday, August 12th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Time Warner in a research note on Wednesday, July 6th. Argus reaffirmed a “buy” rating on shares of Time Warner in a research note on Friday, August 5th. Deutsche Bank AG upped their target price on shares of Time Warner from $93.00 to $95.00 and gave the stock a “buy” rating in a research note on Thursday, August 4th. Finally, Vetr downgraded shares of Time Warner from a “strong-buy” rating to a “buy” rating and set a $81.12 target price on the stock. in a research note on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and twenty-six have assigned a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $85.96.
The company’s 50 day moving average is $77.46 and its 200 day moving average is $73.23. The stock has a market capitalization of $63.04 billion and a price-to-earnings ratio of 16.13.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.16 by $0.13. The firm earned $7 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the prior year, the business earned $1.25 EPS. Time Warner’s revenue was down 5.4% on a year-over-year basis. Equities analysts expect that Time Warner Inc. will post $5.43 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, September 15th. Investors of record on Wednesday, August 31st will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.99%. The ex-dividend date is Monday, August 29th.
In other Time Warner news, Director Kenneth J. Novack sold 8,400 shares of the stock in a transaction dated Thursday, June 9th. The stock was sold at an average price of $74.61, for a total value of $626,724.00. Following the transaction, the director now owns 9,031 shares of the company’s stock, valued at $673,802.91. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, EVP Gary L. Ginsberg sold 3,000 shares of the stock in a transaction dated Friday, June 3rd. The shares were sold at an average price of $75.79, for a total value of $227,370.00. Following the completion of the transaction, the executive vice president now directly owns 22,232 shares in the company, valued at approximately $1,684,963.28. The disclosure for this sale can be found here.
Other institutional investors recently added to or reduced their stakes in the company. Victory Capital Management Inc. raised its position in Time Warner by 109.6% in the fourth quarter. Victory Capital Management Inc. now owns 21,057 shares of the media conglomerate’s stock valued at $1,362,000 after buying an additional 11,011 shares during the last quarter. Suntrust Banks Inc. raised its position in Time Warner by 78.4% in the fourth quarter. Suntrust Banks Inc. now owns 24,734 shares of the media conglomerate’s stock valued at $1,598,000 after buying an additional 10,871 shares during the last quarter. Bridgewater Associates LP bought a new position in Time Warner during the fourth quarter valued at $3,845,000. Trexquant Investment LP raised its position in Time Warner by 274.3% in the fourth quarter. Trexquant Investment LP now owns 70,000 shares of the media conglomerate’s stock valued at $4,527,000 after buying an additional 51,300 shares during the last quarter. Finally, Airain ltd raised its position in Time Warner by 163.8% in the fourth quarter. Airain ltd now owns 238,108 shares of the media conglomerate’s stock valued at $15,398,000 after buying an additional 147,847 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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