Time Warner’s (TWX) “Hold” Rating Reaffirmed at Loop Capital
Loop Capital restated their hold rating on shares of Time Warner Inc. (NYSE:TWX) in a research report released on Friday. Loop Capital currently has a $103.00 price target on the media conglomerate’s stock, up from their previous price target of $102.00.
A number of other equities analysts also recently issued reports on the stock. raised shares of Time Warner from a hold rating to a buy rating and raised their price objective for the stock from $102.00 to $103.00 in a report on Wednesday. Pivotal Research raised shares of Time Warner from a hold rating to a buy rating and lifted their price target for the company from $102.00 to $103.00 in a report on Monday, November 13th. Rosenblatt Securities raised shares of Time Warner from a neutral rating to a buy rating and set a $103.00 price target on the stock in a report on Monday, November 13th. Deutsche Bank AG reaffirmed a buy rating and set a $99.00 price target on shares of Time Warner in a report on Friday, November 10th. Finally, B. Riley reaffirmed a neutral rating and set a $101.00 price target (down previously from $105.00) on shares of Time Warner in a report on Friday, November 3rd. Twenty-two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. Time Warner presently has an average rating of Hold and a consensus price target of $103.73.
Time Warner (NYSE TWX) traded up $0.71 on Friday, hitting $88.72. 8,317,526 shares of the company were exchanged, compared to its average volume of 4,655,094. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. The stock has a market capitalization of $68,850.00, a P/E ratio of 14.44, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. Time Warner has a one year low of $85.88 and a one year high of $103.90.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $7.60 billion for the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm’s revenue was up 6.0% compared to the same quarter last year. During the same quarter last year, the firm posted $1.83 earnings per share. research analysts predict that Time Warner will post 6.2 EPS for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.81%. The ex-dividend date was Friday, October 6th. Time Warner’s dividend payout ratio is presently 30.61%.
A number of hedge funds and other institutional investors have recently bought and sold shares of TWX. BlackRock Inc. boosted its stake in Time Warner by 2,169.2% during the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after buying an additional 40,940,053 shares during the period. Canyon Capital Advisors LLC boosted its stake in Time Warner by 397.0% during the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock worth $556,541,000 after buying an additional 4,549,848 shares during the period. OZ Management LP boosted its stake in Time Warner by 98.2% during the first quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock worth $610,049,000 after buying an additional 3,093,353 shares during the period. Renaissance Technologies LLC boosted its stake in Time Warner by 4,979.0% during the first quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock worth $261,700,000 after buying an additional 2,625,600 shares during the period. Finally, Cowen Inc. boosted its stake in Time Warner by 833.4% during the third quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after buying an additional 2,300,205 shares during the period. 78.46% 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.
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