Time Warner Inc (TWX) Receives $104.36 Average Price Target from Analysts
Shares of Time Warner Inc (NYSE:TWX) have been given an average recommendation of “Hold” by the twenty-six analysts that are covering the company, MarketBeat reports. Sixteen research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $104.36.
A number of brokerages have recently commented on TWX. Moffett Nathanson raised Time Warner from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $84.00 price target (down from $100.00) on shares of Time Warner in a research note on Tuesday, November 21st. Barclays upped their price target on Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. raised Time Warner from a “hold” rating to a “buy” rating and upped their price target for the company from $102.00 to $103.00 in a research note on Wednesday, November 15th. Finally, B. Riley reissued a “neutral” rating and set a $101.00 target price (down from $105.00) on shares of Time Warner in a research note on Friday, November 3rd.
Shares of Time Warner (NYSE TWX) traded up $0.42 during mid-day trading on Wednesday, hitting $93.58. The stock had a trading volume of 5,000,767 shares, compared to its average volume of 5,180,000. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. The company has a market cap of $72,980.00, a PE ratio of 17.05, a PEG ratio of 1.23 and a beta of 0.93. Time Warner has a one year low of $85.88 and a one year high of $103.90.
The company also recently declared a quarterly dividend, which was paid on Thursday, February 1st. Shareholders of record on Wednesday, January 10th were given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.72%. The ex-dividend date of this dividend was Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is currently 29.33%.
In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total transaction of $2,111,203.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Deborah C. Wright sold 4,019 shares of the company’s stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $93.61, for a total value of $376,218.59. Following the transaction, the director now directly owns 27,785 shares of the company’s stock, valued at approximately $2,600,953.85. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 360,966 shares of company stock valued at $32,745,250. Insiders own 0.16% of the company’s stock.
A number of large investors have recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its position in Time Warner by 1.8% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock worth $2,882,000 after acquiring an additional 544 shares during the last quarter. Fragasso Group Inc. boosted its holdings in shares of Time Warner by 4.5% in the 3rd quarter. Fragasso Group Inc. now owns 13,393 shares of the media conglomerate’s stock valued at $1,363,000 after buying an additional 573 shares during the last quarter. Summit X LLC boosted its holdings in shares of Time Warner by 23.5% in the 4th quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock valued at $278,000 after buying an additional 575 shares during the last quarter. Fisher Asset Management LLC boosted its holdings in shares of Time Warner by 6.2% in the 3rd quarter. Fisher Asset Management LLC now owns 10,792 shares of the media conglomerate’s stock valued at $1,106,000 after buying an additional 626 shares during the last quarter. Finally, HL Financial Services LLC boosted its holdings in shares of Time Warner by 18.6% in the 4th quarter. HL Financial Services LLC now owns 4,002 shares of the media conglomerate’s stock valued at $366,000 after buying an additional 628 shares during the last quarter. 78.66% of the stock is owned by hedge funds and other institutional investors.
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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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