Time Warner Inc. (TWX) Downgraded to “Equal Weight” at Barclays PLC
Time Warner Inc. (NYSE:TWX) was downgraded by stock analysts at Barclays PLC from an “overweight” rating to an “equal weight” rating in a research note issued on Friday. They presently have a $107.00 price objective on the media conglomerate’s stock, up from their prior price objective of $95.00. Barclays PLC’s price objective suggests a potential upside of 4.73% from the company’s current price.
TWX has been the subject of a number of other research reports. BMO Capital Markets restated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research note on Monday, April 17th. MKM Partners restated a “neutral” rating and set a $107.50 price objective (up previously from $90.00) on shares of Time Warner in a research note on Monday, May 1st. Royal Bank Of Canada set a $108.00 price objective on Time Warner and gave the company a “hold” rating in a research note on Monday, June 12th. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating and set a $105.00 price objective for the company. in a research note on Thursday, August 3rd. Finally, Rosenblatt Securities restated a “neutral” rating and set a $105.00 price objective on shares of Time Warner in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $102.25.
Time Warner (NYSE TWX) traded down 0.0806% during trading on Friday, reaching $102.0876. 1,779,249 shares of the company’s stock were exchanged. The stock has a market capitalization of $79.32 billion, a PE ratio of 18.9261 and a beta of 1.05. The stock has a 50-day moving average of $100.48 and a 200-day moving average of $98.63. Time Warner has a 52 week low of $74.27 and a 52 week high of $103.34.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company’s revenue was up 5.4% on a year-over-year basis. During the same period last year, the business posted $1.29 EPS. On average, equities research analysts anticipate that Time Warner will post $6.09 EPS for the current year.
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In other Time Warner news, CFO Howard M. Averill bought 255 shares of the business’s stock in a transaction on 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 purchase, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.16% of the stock is owned by insiders.
A number of hedge funds have recently made changes to their positions in the stock. Bellwether Investment Group LLC increased its stake in shares of Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC increased its stake in shares of Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares during the last quarter. Carroll Financial Associates Inc. increased its stake in shares of Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares during the last quarter. Motco acquired a new stake in shares of Time Warner during the second quarter valued at $129,000. Finally, Advisory Services Network LLC acquired a new stake in shares of Time Warner during the first quarter valued at $138,000. 80.02% of the stock is currently owned by hedge funds and other 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 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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