Investors Sell Time Warner Inc. (TWX) on Strength (TWX)
Investors sold shares of Time Warner Inc. (NYSE:TWX) on strength during trading hours on Friday. $38.26 million flowed into the stock on the tick-up and $74.99 million flowed out of the stock on the tick-down, for a money net flow of $36.73 million out of the stock. Of all equities tracked, Time Warner had the 0th highest net out-flow for the day. Time Warner traded up $0.50 for the day and closed at $101.60
Several research analysts recently issued reports on the stock. Royal Bank Of Canada set a $108.00 price target on shares of Time Warner and gave the stock a “hold” rating in a research report on Monday, June 12th. Jefferies Group LLC lowered shares of Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price target for the company. in a research report on Thursday, August 3rd. Morgan Stanley reissued an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. BMO Capital Markets reissued a “hold” rating and issued a $108.00 price target on shares of Time Warner in a research report on Friday, May 19th. Finally, BidaskClub raised shares of Time Warner from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $102.25.
The stock’s 50-day moving average price is $101.41 and its 200 day moving average price is $99.43. The firm has a market cap of $79.02 billion, a PE ratio of 18.85 and a beta of 1.04.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the prior year, the company posted $1.29 EPS. The company’s revenue was up 5.4% on a year-over-year basis. Equities analysts predict that Time Warner Inc. will post $6.10 EPS for the current year.
In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the firm’s stock in a transaction on Thursday, June 15th. The stock was purchased at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the transaction, the chief financial officer now owns 63,399 shares in the company, valued at approximately $6,318,978.33. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 0.16% of the company’s stock.
A number of institutional investors have recently made changes to their positions in the stock. Waldron LP boosted its position in shares of Time Warner by 137.7% in the first quarter. Waldron LP now owns 5,340 shares of the media conglomerate’s stock valued at $508,000 after buying an additional 3,093 shares during the period. Affinity Investment Advisors LLC purchased a new stake in Time Warner during the first quarter worth approximately $274,000. Narwhal Capital Management raised its stake in Time Warner by 5.8% in the first quarter. Narwhal Capital Management now owns 19,015 shares of the media conglomerate’s stock worth $1,858,000 after buying an additional 1,035 shares in the last quarter. Tealwood Asset Management Inc. raised its stake in Time Warner by 2.5% in the first quarter. Tealwood Asset Management Inc. now owns 20,891 shares of the media conglomerate’s stock worth $2,041,000 after buying an additional 510 shares in the last quarter. Finally, New Jersey Better Educational Savings Trust raised its stake in Time Warner by 42.9% in the first quarter. New Jersey Better Educational Savings Trust now owns 10,000 shares of the media conglomerate’s stock worth $977,000 after buying an additional 3,000 shares in the last quarter. Hedge funds and other institutional investors own 79.27% of the company’s stock.
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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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