Time Warner Inc. (TWX) Given “Hold” Rating at Needham & Company LLC
Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reiterated by stock analysts at Needham & Company LLC in a report issued on Thursday.
TWX has been the subject of several other reports. Sanford C. Bernstein reissued a “market perform” rating on shares of Time Warner in a research note on Friday, June 17th. Loop Capital reissued a “buy” rating and issued a $96.00 target price on shares of Time Warner in a research note on Wednesday, August 17th. Goldman Sachs Group Inc. reissued a “buy” rating on shares of Time Warner in a research note on Wednesday, July 6th. Deutsche Bank AG lifted their target price on Time Warner from $93.00 to $95.00 and gave the company a “buy” rating in a research note on Thursday, August 4th. Finally, Royal Bank Of Canada lifted their target price on Time Warner from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 4th. One analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-four have assigned a buy rating and one has given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $86.11.
Time Warner (NYSE:TWX) traded down 0.64% on Thursday, hitting $79.40. The stock had a trading volume of 4,045,243 shares. Time Warner has a 1-year low of $55.53 and a 1-year high of $81.33. The firm has a market cap of $61.76 billion, a P/E ratio of 15.80 and a beta of 1.21. The firm’s 50-day moving average price is $78.09 and its 200-day moving average price is $76.14.
This story is the sole property of American Banking News and it was originally published by American Banking News. If you are reading this story on another website, that means this article was illegally copied and re-published to this website in violation of U.S. and International copyright law. The original version of this article is available at https://www.americanbankingnews.com/2016/10/13/time-warner-inc-twx-given-hold-rating-at-needham-company-llc.html
Time Warner (NYSE:TWX) last released its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate 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%. The business’s revenue for the quarter was down 5.4% on a year-over-year basis. During the same period last year, the firm earned $1.25 EPS. On average, equities research analysts predict that Time Warner will post $5.42 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Stockholders of record on Wednesday, August 31st were given a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 2.03%. 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 company’s stock in a transaction that occurred on 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 transaction, the executive vice president now owns 157,877 shares of the company’s stock, valued at $12,352,296.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Karen Magee sold 14,240 shares of the company’s stock in a transaction that occurred on 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 transaction, the insider now directly owns 7,461 shares in the company, valued at approximately $596,656.17. The disclosure for this sale can be found here. 0.16% of the stock is owned by insiders.
Institutional investors have recently bought and sold shares of the stock. RidgeWorth Capital Management LLC increased 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 valued at $112,000 after buying an additional 397 shares during the last quarter. Thompson Davis & CO. Inc. increased its stake in shares of 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 in the last quarter. City Holding Co. increased its stake in shares of 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 in the last quarter. Thompson Siegel & Walmsley LLC increased its stake in shares of 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 in the last quarter. Finally, Assetmark Inc. increased its stake in shares of Time Warner by 29.4% in the second quarter. Assetmark Inc. now owns 1,678 shares of the media conglomerate’s stock worth $123,000 after buying an additional 381 shares in the last quarter. 80.67% of the stock is currently owned by 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.
Receive News & Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.