Time Warner Inc. (TWX) Upgraded at
upgraded shares of Time Warner Inc. (NYSE:TWX) from a hold rating to a buy rating in a research note released on Wednesday. The firm currently has $103.00 price target on the media conglomerate’s stock, up from their previous price target of $102.00.
Several other research analysts also recently commented on TWX. Cowen and Company restated a hold rating and issued a $107.50 target price on shares of Time Warner in a research note on Thursday, October 12th. Credit Suisse Group downgraded Time Warner from an outperform rating to a neutral rating and set a $107.50 target price for the company. in a research note on Monday, September 18th. Jefferies Group LLC downgraded Time Warner from a buy rating to a hold rating and set a $105.00 target price for the company. in a research note on Thursday, August 3rd. B. Riley restated a neutral rating and issued a $101.00 target price (down previously from $105.00) on shares of Time Warner in a research note on Friday, November 3rd. Finally, Deutsche Bank AG restated a buy rating and issued a $99.00 target price on shares of Time Warner in a research note on Friday, November 10th. Twenty-two analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Time Warner has an average rating of Hold and a consensus target price of $103.73.
Time Warner (NYSE:TWX) traded up $0.71 during mid-day trading on Wednesday, hitting $88.72. The stock had a trading volume of 8,317,526 shares, compared to its average volume of 4,655,094. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. The company has a market cap of $68,850.00, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. Time Warner has a 12 month low of $85.88 and a 12 month high of $103.90.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the consensus estimate of $1.59 by $0.23. The company had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.83 EPS. analysts predict that Time Warner will post 6.2 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were paid a $0.4025 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.81%. Time Warner’s dividend payout ratio (DPR) is currently 30.61%.
Institutional investors have recently made changes to their positions in the business. Jacobi Capital Management LLC increased its stake in Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after purchasing an additional 20 shares during the period. Bank of Nova Scotia Trust Co. purchased a new position in Time Warner in the 3rd quarter worth approximately $102,000. Bellwether Investment Group LLC increased its stake in Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after purchasing an additional 146 shares during the period. Americafirst Capital Management LLC purchased a new position in Time Warner in the 3rd quarter worth approximately $106,000. Finally, Patriot Financial Group Insurance Agency LLC increased its stake in Time Warner by 4.0% in the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after purchasing an additional 44 shares during the period. 78.46% of the stock is currently owned by institutional investors and hedge funds.
Time Warner Company Profile
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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