Time Warner Inc. (NYSE:TWX) had its price target lowered by investment analysts at Stifel Nicolaus from $105.00 to $81.00 in a report issued on Monday. The brokerage currently has a “hold” rating on the media conglomerate’s stock. Stifel Nicolaus’ target price points to a potential downside of 7.40% from the company’s previous close.

Several other equities research analysts also recently issued reports on the stock. Bank of America Corp. set a $94.00 price objective on shares of Time Warner and gave the stock a “hold” rating in a research note on Friday, October 21st. Goldman Sachs Group Inc. downgraded shares of Time Warner from a “conviction-buy” rating to a “neutral” rating and boosted their price objective for the stock from $93.00 to $103.00 in a research note on Monday. BMO Capital Markets boosted their price objective on shares of Time Warner from $75.00 to $108.00 and gave the stock a “market perform” rating in a research note on Monday. Royal Bank Of Canada downgraded shares of Time Warner from an “outperform” rating to a “sector perform” rating and boosted their price objective for the stock from $95.00 to $108.00 in a research note on Monday. Finally, Macquarie downgraded shares of Time Warner from an “outperform” rating to a “neutral” rating in a research note on Monday. One investment analyst has rated the stock with a sell rating, twenty have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $94.51.

Analyst Recommendations for Time Warner (NYSE:TWX)

Shares of Time Warner (NYSE:TWX) traded down 0.94% during midday trading on Monday, reaching $87.47. 7,873,104 shares of the company’s stock were exchanged. Time Warner has a 1-year low of $55.53 and a 1-year high of $94.44. The company has a market capitalization of $68.04 billion, a PE ratio of 17.40 and a beta of 1.21. The firm has a 50-day moving average of $79.81 and a 200-day moving average of $77.03.

Time Warner (NYSE:TWX) last issued its quarterly earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 EPS for the quarter, topping the consensus estimate of $1.16 by $0.13. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The firm earned $7 billion during the quarter, compared to analyst estimates of $7.12 billion. During the same quarter in the prior year, the business posted $1.25 earnings per share. Time Warner’s revenue for the quarter was down 5.4% compared to the same quarter last year. Equities analysts expect that Time Warner will post $5.43 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, December 15th. Shareholders of record on Wednesday, November 30th will be paid a dividend of $0.4025 per share. The ex-dividend date of this dividend is Monday, November 28th. This represents a $1.61 dividend on an annualized basis and a yield of 1.84%. Time Warner’s dividend payout ratio is currently 32.01%.

In other Time Warner news, insider Karen Magee sold 14,240 shares of Time Warner 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 in the company, valued at $596,656.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paul T. Cappuccio sold 56,595 shares of Time Warner stock in a transaction on Wednesday, September 7th. The stock was sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the sale, the executive vice president now owns 157,877 shares in the company, valued at approximately $12,352,296.48. The disclosure for this sale can be found here. Company insiders own 0.16% of the company’s stock.

A number of large investors have recently bought and sold shares of TWX. RidgeWorth Capital Management LLC increased its stake in Time Warner by 35.9% in the second quarter. RidgeWorth Capital Management LLC now owns 1,502 shares of the media conglomerate’s stock worth $112,000 after buying an additional 397 shares in the last quarter. FTB Advisors Inc. increased its stake in shares of Time Warner by 8.5% in the third quarter. FTB Advisors Inc. now owns 1,426 shares of the media conglomerate’s stock valued at $112,000 after buying an additional 112 shares in the last quarter. Thompson Davis & CO. Inc. increased its stake in shares of Time Warner by 205.1% in the second quarter. Thompson Davis & CO. Inc. now owns 1,553 shares of the media conglomerate’s stock valued at $114,000 after buying an additional 1,044 shares in the last quarter. City Holding Co. increased its stake in shares of Time Warner by 2.3% in the second quarter. City Holding Co. now owns 1,592 shares of the media conglomerate’s stock valued at $117,000 after buying an additional 36 shares in the last quarter. Finally, Cornerstone Advisors Inc. increased its stake in shares of Time Warner by 146.4% in the third quarter. Cornerstone Advisors Inc. now owns 1,491 shares of the media conglomerate’s stock valued at $119,000 after buying an additional 886 shares in the last quarter. Hedge funds and other institutional investors own 80.68% of the company’s stock.

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 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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