Time Warner (NYSE:TWX) had its price objective lifted by research analysts at Barclays from $100.00 to $101.00 in a report issued on Friday. The brokerage currently has an “overweight” rating on the media conglomerate’s stock. Barclays’ target price would indicate a potential upside of 4.46% from the stock’s previous close.
Other research analysts have also issued research reports about the stock. ValuEngine lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Friday. Pivotal Research restated a “buy” rating and issued a $108.00 price target on shares of Time Warner in a research report on Thursday. Moffett Nathanson upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Time Warner from a “hold” rating to a “sell” rating in a research report on Friday, January 12th. Finally, Guggenheim restated a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and eleven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $104.83.
Shares of Time Warner (NYSE TWX) traded down $0.31 during trading hours on Friday, reaching $96.69. The company had a trading volume of 1,223,553 shares, compared to its average volume of 4,624,635. Time Warner has a 1 year low of $85.88 and a 1 year high of $103.90. The company has a market capitalization of $74,238.84 and a PE ratio of 18.45. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48.
In other news, insider Olaf Olafsson sold 23,450 shares of the business’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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the transaction, the chief executive officer now owns 855,925 shares in the company, valued at $77,589,601.25. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.
Institutional investors have recently bought and sold shares of the company. Jennison Associates lifted its stake in shares of Time Warner by 24.4% in the 3rd quarter. Jennison Associates now owns 10,389,183 shares of the media conglomerate’s stock valued at $714,256,000 after purchasing an additional 2,040,437 shares during the last quarter. Eagle Asset Management lifted its stake in shares of Time Warner by 85.0% in the 3rd quarter. Eagle Asset Management now owns 60,870 shares of the media conglomerate’s stock valued at $4,184,000 after purchasing an additional 27,960 shares during the last quarter. MUFG Americas lifted its stake in shares of Time Warner by 11.3% in the 3rd quarter. MUFG Americas now owns 61,007 shares of the media conglomerate’s stock valued at $4,194,000 after purchasing an additional 6,193 shares during the last quarter. Janus Capital Management lifted its stake in shares of Time Warner by 16.0% in the 3rd quarter. Janus Capital Management now owns 2,380,816 shares of the media conglomerate’s stock valued at $163,681,000 after purchasing an additional 327,877 shares during the last quarter. Finally, ICON Advisers lifted its stake in shares of Time Warner by 189.8% in the 3rd quarter. ICON Advisers now owns 31,300 shares of the media conglomerate’s stock valued at $2,152,000 after purchasing an additional 20,500 shares during the last quarter. Institutional investors and hedge funds own 77.56% of the company’s stock.
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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.
