Time Warner Inc. (NYSE:TWX) was upgraded by investment analysts at Vetr from a “buy” rating to a “strong-buy” rating in a research note issued on Monday. The firm currently has a $83.96 price target on the media conglomerate’s stock. Vetr‘s price objective points to a potential upside of 12.17% from the company’s previous close.

Other analysts have also recently issued research reports about the company. Pacific Crest reaffirmed a “hold” rating on shares of Time Warner in a research report on Sunday, May 22nd. Bank of America Corp. reaffirmed a “hold” rating on shares of Time Warner in a research report on Tuesday, July 12th. Albert Fried & Company reaffirmed a “buy” rating and issued a $90.00 target price on shares of Time Warner in a research report on Wednesday, August 3rd. Jefferies Group raised their target price on Time Warner from $85.00 to $88.00 and gave the stock a “buy” rating in a research report on Thursday, August 4th. Finally, MKM Partners reaffirmed a “buy” rating on shares of Time Warner in a research report on Monday, July 18th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $86.17.

Shares of Time Warner (NYSE:TWX) opened at 74.85 on Monday. The firm has a market cap of $58.22 billion, a price-to-earnings ratio of 14.89 and a beta of 1.18. Time Warner has a 1-year low of $55.53 and a 1-year high of $81.33. The stock has a 50 day moving average price of $78.93 and a 200-day moving average price of $75.00.

Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share for the quarter, topping the consensus estimate of $1.16 by $0.13. The business earned $7 billion during the quarter, compared to analyst estimates of $7.12 billion. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. The company’s revenue was down 5.4% compared to the same quarter last year. During the same period last year, the company posted $1.25 EPS. On average, equities research analysts expect that Time Warner will post $5.42 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were given a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 2.15%. The ex-dividend date was Monday, August 29th. Time Warner’s dividend payout ratio (DPR) is presently 32.01%.

In other Time Warner news, EVP Paul T. Cappuccio sold 56,595 shares of the company’s stock in a transaction on Wednesday, September 7th. The shares were sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the completion of the sale, the executive vice president now owns 157,877 shares in the company, valued at approximately $12,352,296.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Karen Magee sold 14,240 shares of the company’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $79.97, for a total transaction of $1,138,772.80. Following the sale, the insider now owns 7,461 shares of the company’s stock, valued at approximately $596,656.17. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of the stock. Murphy Pohlad Asset Management LLC boosted its stake in shares of Time Warner by 2.1% in the first quarter. Murphy Pohlad Asset Management LLC now owns 28,091 shares of the media conglomerate’s stock valued at $2,038,000 after buying an additional 580 shares during the last quarter. OLD National Bancorp IN boosted its stake in shares of Time Warner by 22.9% in the first quarter. OLD National Bancorp IN now owns 10,086 shares of the media conglomerate’s stock valued at $732,000 after buying an additional 1,878 shares during the last quarter. Raymond James Trust N.A. boosted its stake in shares of Time Warner by 52.7% in the first quarter. Raymond James Trust N.A. now owns 13,203 shares of the media conglomerate’s stock valued at $958,000 after buying an additional 4,556 shares during the last quarter. Regent Investment Management LLC boosted its stake in shares of Time Warner by 0.6% in the first quarter. Regent Investment Management LLC now owns 43,165 shares of the media conglomerate’s stock valued at $3,132,000 after buying an additional 270 shares during the last quarter. Finally, Narwhal Capital Management boosted its stake in shares of Time Warner by 90.8% in the first quarter. Narwhal Capital Management now owns 20,705 shares of the media conglomerate’s stock valued at $1,502,000 after buying an additional 9,855 shares during the last quarter. Institutional investors own 80.91% of the company’s stock.

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 domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution.

5 Day Chart for NYSE:TWX

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