Time Warner (NYSE:TWX) has been given a $100.00 price target by Barclays in a report released on Tuesday. The firm currently has a “hold” rating on the media conglomerate’s stock. Barclays’ price objective would suggest a potential upside of 6.77% from the stock’s previous close.
Other analysts have also issued research reports about the stock. KeyCorp reaffirmed a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th. FBR & Co lowered shares of Time Warner from a “buy” rating to a “neutral” rating and upped their target price for the stock from $105.00 to $107.50 in a report on Monday, October 16th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $84.00 target price (down previously from $100.00) on shares of Time Warner in a report on Tuesday, November 21st. Royal Bank of Canada reaffirmed a “hold” rating and set a $102.00 target price on shares of Time Warner in a report on Friday, October 27th. Finally, Cowen reaffirmed a “hold” rating and set a $107.50 target price on shares of Time Warner in a report on Thursday, October 12th. One research analyst has rated the stock with a sell rating, nineteen have issued a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $104.78.
Time Warner (NYSE TWX) traded down $0.34 during trading on Tuesday, reaching $93.66. 4,262,500 shares of the company were exchanged, compared to its average volume of 4,665,646. The company has a quick ratio of 1.26, a current ratio of 1.48 and a debt-to-equity ratio of 0.80. The company has a market cap of $72,850.00, a price-to-earnings ratio of 17.81, a PEG ratio of 1.42 and a beta of 0.95. Time Warner has a twelve month low of $85.88 and a twelve month high of $103.90.
In other news, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the sale, the chief executive officer now owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.
Institutional investors have recently made changes to their positions in the company. IHT Wealth Management LLC boosted its position in Time Warner by 98.0% during the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after buying an additional 400 shares during the period. Bank of Nova Scotia Trust Co. purchased a new stake in Time Warner during the 3rd quarter valued at $102,000. Americafirst Capital Management LLC purchased a new stake in Time Warner during the 3rd quarter valued at $106,000. Zions Bancorporation boosted its position in Time Warner by 698.6% during the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after buying an additional 999 shares during the period. Finally, Harfst & Associates Inc. boosted its position in Time Warner by 31.6% during the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after buying an additional 288 shares during the period. 77.69% of the stock is 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 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.
