Time Warner (TWX) Stock Rating Reaffirmed by Pivotal Research
Time Warner (NYSE:TWX)‘s stock had its “buy” rating reaffirmed by stock analysts at Pivotal Research in a research note issued on Tuesday, MarketBeat.com reports. They currently have a $108.00 price target on the media conglomerate’s stock, up from their previous price target of $103.00. Pivotal Research’s price objective suggests a potential upside of 17.28% from the stock’s current price.
Other equities research analysts have also recently issued research reports about the stock. BMO Capital Markets reaffirmed a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Wednesday, September 13th. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th. FBR & Co cut shares of Time Warner from a “buy” rating to a “neutral” rating and lifted their price target for the stock from $105.00 to $107.50 in a report on Monday, October 16th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $84.00 price target (down previously from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $102.00 price target on shares of Time Warner in a report on Friday, October 27th. Twenty-one equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $105.13.
Time Warner (NYSE:TWX) traded down $0.19 during trading hours on Tuesday, hitting $92.09. 3,981,986 shares of the company were exchanged, compared to its average volume of 5,421,212. 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 $71,700.00, a PE ratio of 17.51, a PEG ratio of 1.41 and a beta of 0.95. Time Warner has a 52 week low of $85.88 and a 52 week high of $103.90.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. Time Warner’s revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 EPS. sell-side analysts anticipate that Time Warner will post 6.2 EPS for the current year.
In related news, CEO Jeffrey L. Bewkes sold 329,478 shares of Time Warner stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the transaction, the chief executive officer now directly owns 855,925 shares in the company, valued at approximately $77,589,601.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Olaf Olafsson sold 23,450 shares of Time Warner stock in a transaction that occurred on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.
Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. DnB Asset Management AS grew its position in shares of Time Warner by 1.2% during the 4th quarter. DnB Asset Management AS now owns 135,565 shares of the media conglomerate’s stock valued at $12,400,000 after purchasing an additional 1,576 shares in the last quarter. Athos Capital Ltd grew its position in shares of Time Warner by 103.8% during the 3rd quarter. Athos Capital Ltd now owns 81,500 shares of the media conglomerate’s stock valued at $8,350,000 after purchasing an additional 41,500 shares in the last quarter. Atlantic Trust Group LLC grew its position in shares of Time Warner by 2,880.3% during the 3rd quarter. Atlantic Trust Group LLC now owns 478,047 shares of the media conglomerate’s stock valued at $48,976,000 after purchasing an additional 462,007 shares in the last quarter. Parametric Portfolio Associates LLC grew its position in shares of Time Warner by 4.9% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 1,971,536 shares of the media conglomerate’s stock valued at $201,984,000 after purchasing an additional 92,416 shares in the last quarter. Finally, AXA grew its position in shares of Time Warner by 1.0% during the 3rd quarter. AXA now owns 181,882 shares of the media conglomerate’s stock valued at $18,634,000 after purchasing an additional 1,734 shares in the last quarter. Hedge funds and other institutional investors own 77.83% of the company’s stock.
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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