Traders Buy Shares of Time Warner Inc. (TWX) on Weakness
Traders purchased shares of Time Warner Inc. (NYSE:TWX) on weakness during trading on Tuesday. $68.91 million flowed into the stock on the tick-up and $48.29 million flowed out of the stock on the tick-down, for a money net flow of $20.62 million into the stock. Of all stocks tracked, Time Warner had the 29th highest net in-flow for the day. Time Warner traded down ($0.31) for the day and closed at $75.40
TWX has been the topic of a number of recent analyst reports. Brean Capital reissued a “buy” rating on shares of Time Warner in a research note on Tuesday, July 26th. Jefferies Group reaffirmed a “buy” rating on shares of Time Warner in a research note on Thursday, August 25th. Vetr downgraded Time Warner from a “strong-buy” rating to a “buy” rating and set a $84.06 price target on the stock. in a research note on Thursday, July 7th. Wunderlich dropped their price target on Time Warner from $106.00 to $95.00 and set a “buy” rating on the stock in a research note on Thursday, August 4th. Finally, Credit Suisse Group AG reaffirmed a “buy” rating on shares of Time Warner in a research note on Tuesday, May 24th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $86.17.
The company’s 50-day moving average price is $78.66 and its 200-day moving average price is $75.29. The stock has a market cap of $58.65 billion, a price-to-earnings ratio of 15.00 and a beta of 1.18.
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Time Warner (NYSE:TWX) last issued its quarterly earnings data on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The firm earned $7 billion during the quarter, compared to the consensus estimate of $7.12 billion. During the same quarter in the previous year, the firm posted $1.25 EPS. The company’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities analysts forecast that Time Warner Inc. will post $5.42 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.14%. The ex-dividend date of this dividend was Monday, August 29th. Time Warner’s payout ratio is 32.01%.
In other news, EVP Paul T. Cappuccio sold 56,595 shares of the business’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the completion of the sale, the executive vice president now owns 157,877 shares of the company’s stock, valued at approximately $12,352,296.48. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Karen Magee sold 14,240 shares of the business’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the sale, the insider now directly owns 7,461 shares of the company’s stock, valued at approximately $596,656.17. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.
Large investors have recently modified their holdings of the stock. Baker Ellis Asset Management LLC purchased a new position in Time Warner during the first quarter worth $109,000. RidgeWorth Capital Management LLC boosted its position in Time Warner by 35.9% in the second quarter. RidgeWorth Capital Management LLC now owns 1,502 shares of the media conglomerate’s stock worth $112,000 after buying an additional 397 shares during the period. Thompson Davis & CO. Inc. boosted its position in Time Warner by 205.1% in the second quarter. Thompson Davis & CO. Inc. now owns 1,553 shares of the media conglomerate’s stock worth $114,000 after buying an additional 1,044 shares during the period. City Holding Co. boosted its position in Time Warner by 2.3% in the second quarter. City Holding Co. now owns 1,592 shares of the media conglomerate’s stock worth $117,000 after buying an additional 36 shares during the period. Finally, Thompson Siegel & Walmsley LLC boosted its position in Time Warner by 34.3% in the second quarter. Thompson Siegel & Walmsley LLC now owns 1,636 shares of the media conglomerate’s stock worth $120,000 after buying an additional 418 shares during the period. 80.91% of the stock is owned by hedge funds and other institutional investors.
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 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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