Time Warner (TWX) Upgraded to Buy at Moffett Nathanson

Time Warner (NYSE:TWX) was upgraded by research analysts at Moffett Nathanson from a “neutral” rating to a “buy” rating in a research note issued to investors on Wednesday.

TWX has been the subject of several other research reports. Barclays set a $100.00 price target on Time Warner and gave the stock a “hold” rating in a research report on Tuesday, January 23rd. Cowen reaffirmed a “hold” rating and issued a $107.50 price target on shares of Time Warner in a research report on Thursday, October 12th. Wells Fargo & Co reaffirmed a “market perform” rating and issued a $98.00 price target (up previously from $84.00) on shares of Time Warner in a research report on Thursday, January 4th. B. Riley reaffirmed a “neutral” rating and issued a $101.00 price target (down previously from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $99.00 price target on shares of Time Warner in a research report on Friday, November 10th. One research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating and ten have assigned a buy rating to the company. Time Warner has a consensus rating of “Hold” and a consensus price target of $104.78.

Time Warner (NYSE TWX) opened at $94.45 on Wednesday. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. The stock has a market capitalization of $73,577.04, a PE ratio of 18.02, a PEG ratio of 1.40 and a beta of 0.96. Time Warner has a 52-week low of $85.88 and a 52-week high of $103.90.

Time Warner (NYSE:TWX) last posted its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.59 by $0.23. The firm had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. Time Warner’s quarterly revenue was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.83 EPS. research analysts expect that Time Warner will post 6.2 earnings per share for the current year.

In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the sale, the chief executive officer now directly owns 855,925 shares in the company, valued at approximately $77,589,601.25. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.

Several institutional investors have recently added to or reduced their stakes in the business. Aureus Asset Management LLC grew its stake in shares of Time Warner by 0.7% during the 2nd quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after purchasing an additional 25 shares during the period. Advisory Services Network LLC grew its stake in shares of Time Warner by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after purchasing an additional 26 shares during the period. GWM Advisors LLC grew its stake in shares of Time Warner by 1.8% during the 2nd quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock valued at $292,000 after purchasing an additional 52 shares during the period. Westside Investment Management Inc. grew its stake in shares of Time Warner by 2.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,896 shares of the media conglomerate’s stock valued at $291,000 after purchasing an additional 71 shares during the period. Finally, Veritable L.P. grew its stake in shares of Time Warner by 0.4% during the 2nd quarter. Veritable L.P. now owns 29,473 shares of the media conglomerate’s stock valued at $2,959,000 after purchasing an additional 126 shares during the period. Institutional investors and hedge funds own 77.56% of the company’s stock.

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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.