Time Warner Inc. (TWX) Stock Rating Reaffirmed by Needham & Company LLC
Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reaffirmed by equities researchers at Needham & Company LLC in a research report issued to clients and investors on Thursday.
Several other analysts have also weighed in on the company. Jefferies Group restated a “buy” rating on shares of Time Warner in a report on Thursday, August 25th. Loop Capital restated a “buy” rating and issued a $96.00 price objective on shares of Time Warner in a report on Wednesday, August 17th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $90.00 target price on shares of Time Warner in a report on Friday, August 12th. Goldman Sachs Group Inc. reaffirmed a “buy” rating on shares of Time Warner in a report on Wednesday, July 6th. Finally, Deutsche Bank AG upped their target price on Time Warner from $93.00 to $95.00 and gave the company a “buy” rating in a report on Thursday, August 4th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $86.11.
Shares of Time Warner (NYSE:TWX) traded down 0.64% during midday trading on Thursday, hitting $79.40. The company had a trading volume of 4,045,243 shares. The company has a market cap of $61.76 billion, a price-to-earnings ratio of 15.80 and a beta of 1.21. Time Warner has a 12 month low of $55.53 and a 12 month high of $81.33. The stock’s 50-day moving average price is $78.09 and its 200-day moving average price is $76.14.
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Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.16 by $0.13. The business earned $7 billion during the quarter, compared to analyst estimates of $7.12 billion. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. The company’s revenue was down 5.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.25 earnings per share. On average, equities research analysts forecast that Time Warner will post $5.42 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a dividend of $0.4025 per share. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.61 dividend on an annualized basis and a yield of 2.03%. Time Warner’s dividend payout ratio is 32.01%.
In other news, insider Karen Magee sold 14,240 shares of Time Warner stock in a transaction on Thursday, August 25th. The stock was 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 of the company’s stock, valued at approximately $596,656.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul T. Cappuccio sold 56,595 shares of Time Warner stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total value of $4,427,992.80. Following the completion of the sale, the executive vice president now directly owns 157,877 shares of the company’s stock, valued at $12,352,296.48. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.
Several large investors have recently added to or reduced their stakes in TWX. Investment Centers of America Inc. boosted its stake in Time Warner by 0.3% in the second quarter. Investment Centers of America Inc. now owns 3,093 shares of the media conglomerate’s stock valued at $227,000 after buying an additional 9 shares during the period. Bremer Trust National Association boosted its stake in Time Warner by 0.3% in the third quarter. Bremer Trust National Association now owns 3,795 shares of the media conglomerate’s stock valued at $302,000 after buying an additional 10 shares during the period. Benjamin F. Edwards & Company Inc. boosted its stake in Time Warner by 0.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,978 shares of the media conglomerate’s stock valued at $513,000 after buying an additional 22 shares during the period. Cypress Wealth Advisors LLC boosted its stake in Time Warner by 0.6% in the second quarter. Cypress Wealth Advisors LLC now owns 4,142 shares of the media conglomerate’s stock valued at $305,000 after buying an additional 25 shares during the period. Finally, Choate Investment Advisors boosted its stake in Time Warner by 0.4% in the second quarter. Choate Investment Advisors now owns 7,843 shares of the media conglomerate’s stock valued at $577,000 after buying an additional 29 shares during the period. 80.67% of the stock is owned by institutional investors.
About Time Warner
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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