Time Warner Inc. (TWX) Receives Average Recommendation of “Hold” from Brokerages
Time Warner Inc. (NYSE:TWX) has earned an average rating of “Hold” from the thirty-six analysts that are currently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twenty-one have assigned a hold recommendation, thirteen have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $101.78.
TWX has been the subject of several recent research reports. Royal Bank Of Canada reissued a “hold” rating and set a $108.00 target price on shares of Time Warner in a research report on Friday. BidaskClub downgraded shares of Time Warner from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Jefferies Group LLC reissued a “buy” rating and set a $105.00 target price on shares of Time Warner in a research report on Monday, May 22nd. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price for the company in a research report on Thursday, July 13th. Finally, Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and upped their price objective for the stock from $100.00 to $107.50 in a research report on Thursday, April 20th.
In related news, CFO Howard M. Averill purchased 255 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were purchased at an average price of $99.67 per share, with a total value of $25,415.85. Following the acquisition, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.16% of the stock is owned by corporate insiders.
Institutional investors have recently modified their holdings of the company. Vanguard Group Inc. raised its position in Time Warner by 3.7% in the first quarter. Vanguard Group Inc. now owns 48,726,247 shares of the media conglomerate’s stock valued at $4,761,042,000 after buying an additional 1,740,936 shares in the last quarter. BlackRock Inc. raised its position in Time Warner by 2,169.2% in the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock valued at $4,184,660,000 after buying an additional 40,940,053 shares in the last quarter. State Street Corp raised its position in Time Warner by 2.1% in the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock valued at $3,199,990,000 after buying an additional 688,860 shares in the last quarter. Dodge & Cox acquired a new position in Time Warner during the fourth quarter valued at approximately $3,124,831,000. Finally, FMR LLC raised its position in Time Warner by 0.6% in the first quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock valued at $1,165,905,000 after buying an additional 68,625 shares in the last quarter. 79.86% of the stock is currently owned by hedge funds and other institutional investors.
Time Warner (TWX) traded down 0.11% during mid-day trading on Tuesday, hitting $99.10. 946,699 shares of the company were exchanged. The company has a market capitalization of $76.86 billion, a P/E ratio of 18.90 and a beta of 1.05. The company’s 50-day moving average is $99.00 and its 200 day moving average is $97.67. Time Warner has a 12-month low of $74.27 and a 12-month high of $102.45.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. Time Warner had a net margin of 13.90% and a return on equity of 19.45%. The firm had revenue of $7.74 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same quarter in the prior year, the business earned $1.49 earnings per share. The business’s quarterly revenue was up 5.8% compared to the same quarter last year. Analysts expect that Time Warner will post $6.04 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, August 1st. Stockholders of record on Monday, July 10th will be issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.62%. The ex-dividend date is Thursday, July 6th. Time Warner’s payout ratio is 30.78%.
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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 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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