Time Warner Inc. (TWX) Cut to Hold at BidaskClub
BidaskClub cut shares of Time Warner Inc. (NYSE:TWX) from a buy rating to a hold rating in a report published on Wednesday morning.
A number of other equities analysts also recently commented on the company. FBR & Co reissued a buy rating and set a $107.50 price objective on shares of Time Warner in a research report on Friday, April 7th. MKM Partners restated a neutral rating and set a $107.50 target price (up previously from $90.00) on shares of Time Warner in a research note on Monday, May 1st. Rosenblatt Securities initiated coverage on Time Warner in a research note on Tuesday, April 4th. They set a neutral rating and a $105.00 target price for the company. BMO Capital Markets restated a hold rating and set a $108.00 target price on shares of Time Warner in a research note on Monday, April 17th. Finally, Pivotal Research cut Time Warner from a buy rating to a hold rating and boosted their target price for the stock from $100.00 to $107.50 in a research note on Thursday, April 20th. One investment analyst has rated the stock with a sell rating, twenty-two have given a hold rating, twelve have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of Hold and a consensus target price of $100.95.
Shares of Time Warner (NYSE TWX) opened at 99.47 on Wednesday. Time Warner has a 52-week low of $74.27 and a 52-week high of $102.45. The firm’s 50 day moving average is $99.73 and its 200 day moving average is $98.12. The stock has a market capitalization of $77.14 billion, a price-to-earnings ratio of 18.98 and a beta of 1.05.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, May 3rd. The media conglomerate reported $1.66 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.22. Time Warner had a return on equity of 19.45% and a net margin of 13.90%. The business had revenue of $7.74 billion during the quarter, compared to the consensus estimate of $7.66 billion. During the same period in the previous year, the company posted $1.49 earnings per share. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. Equities analysts expect that Time Warner will post $6.04 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 1st. Investors of record on Monday, July 10th will be issued a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.62%. The ex-dividend date of this dividend is Thursday, July 6th. Time Warner’s dividend payout ratio is presently 30.78%.
In other Time Warner news, CFO Howard M. Averill acquired 255 shares of the company’s stock in a transaction that occurred 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 completion of the acquisition, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.16% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in TWX. Quantitative Systematic Strategies LLC raised its position in shares of Time Warner by 25.8% in the second quarter. Quantitative Systematic Strategies LLC now owns 24,599 shares of the media conglomerate’s stock worth $2,455,000 after buying an additional 5,040 shares in the last quarter. Huntington National Bank raised its position in shares of Time Warner by 12.3% in the second quarter. Huntington National Bank now owns 15,593 shares of the media conglomerate’s stock worth $1,566,000 after buying an additional 1,712 shares in the last quarter. Financial Architects Inc raised its position in shares of Time Warner by 41.9% in the second quarter. Financial Architects Inc now owns 5,613 shares of the media conglomerate’s stock worth $564,000 after buying an additional 1,657 shares in the last quarter. Sabal Trust CO raised its position in shares of Time Warner by 1.6% in the second quarter. Sabal Trust CO now owns 256,765 shares of the media conglomerate’s stock worth $25,783,000 after buying an additional 3,984 shares in the last quarter. Finally, Malaga Cove Capital LLC raised its position in shares of Time Warner by 0.3% in the second quarter. Malaga Cove Capital LLC now owns 23,148 shares of the media conglomerate’s stock worth $2,328,000 after buying an additional 58 shares in the last quarter. 79.86% of the stock is currently owned by hedge funds and other 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.
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