Time Warner Inc. (TWX) Stock Rating Lowered by FBR & Co
Time Warner Inc. (NYSE:TWX) was downgraded by stock analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a report released on Tuesday. They presently have a $81.00 price target on the media conglomerate’s stock. FBR & Co’s price objective would indicate a potential upside of 2.56% from the company’s current price.
TWX has been the subject of a number of other reports. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Time Warner in a research note on Friday, June 17th. Drexel Hamilton reaffirmed a “buy” rating on shares of Time Warner in a research note on Thursday, April 14th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Time Warner in a research note on Wednesday, July 6th. Royal Bank Of Canada assumed coverage on Time Warner in a research note on Thursday, April 7th. They issued an “outperform” rating and a $92.00 price target for the company. Finally, Guggenheim reaffirmed a “buy” rating and issued a $86.00 price target on shares of Time Warner in a research note on Friday, May 6th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $86.11.
Time Warner (NYSE:TWX) traded down 0.85% during mid-day trading on Tuesday, hitting $78.98. 2,915,453 shares of the company traded hands. The company’s 50-day moving average price is $78.23 and its 200 day moving average price is $75.95. Time Warner has a one year low of $55.53 and a one year high of $81.33. The company has a market capitalization of $61.43 billion, a price-to-earnings ratio of 15.71 and a beta of 1.21.
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Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 EPS for the quarter, beating analysts’ consensus estimates of $1.16 by $0.13. The company earned $7 billion during the quarter, compared to analysts’ expectations of $7.12 billion. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. Time Warner’s revenue was down 5.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.25 EPS. On average, analysts anticipate that Time Warner will post $5.42 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Monday, August 29th. Time Warner’s dividend payout ratio (DPR) is presently 32.01%.
In related news, EVP Paul T. Cappuccio sold 56,595 shares of the firm’s stock in a transaction dated Wednesday, September 7th. The stock was sold at an average price of $78.24, for a total value of $4,427,992.80. Following the sale, the executive vice president now directly owns 157,877 shares of the company’s stock, valued at $12,352,296.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Karen Magee sold 14,240 shares of the firm’s stock in a transaction dated Thursday, August 25th. The shares were sold at an average price of $79.97, for a total value of $1,138,772.80. Following the completion of the sale, the insider now directly owns 7,461 shares in the company, valued at $596,656.17. The disclosure for this sale can be found here. 0.16% of the stock is owned by corporate insiders.
Hedge funds have recently made changes to their positions in the stock. Janus Capital Management raised its stake in shares of Time Warner by 16.0% in the third quarter. Janus Capital Management now owns 2,380,816 shares of the media conglomerate’s stock worth $163,681,000 after buying an additional 327,877 shares during the last quarter. Creative Planning raised its stake in shares of Time Warner by 2.9% in the fourth quarter. Creative Planning now owns 41,931 shares of the media conglomerate’s stock worth $2,712,000 after buying an additional 1,169 shares during the last quarter. Brown Advisory Inc. raised its stake in shares of Time Warner by 1.3% in the fourth quarter. Brown Advisory Inc. now owns 48,135 shares of the media conglomerate’s stock worth $3,113,000 after buying an additional 598 shares during the last quarter. Auxier Asset Management raised its stake in shares of Time Warner by 0.6% in the fourth quarter. Auxier Asset Management now owns 16,876 shares of the media conglomerate’s stock worth $1,091,000 after buying an additional 100 shares during the last quarter. Finally, Argus Investors Counsel Inc. raised its stake in shares of Time Warner by 5.7% in the fourth quarter. Argus Investors Counsel Inc. now owns 63,580 shares of the media conglomerate’s stock worth $4,112,000 after buying an additional 3,450 shares during the last quarter. 80.68% of the stock is currently 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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