Time Warner’s (TWX) Buy Rating Reiterated at Brean Capital
Time Warner Inc. (NYSE:TWX)‘s stock had its “buy” rating reiterated by equities research analysts at Brean Capital in a research report issued on Tuesday.
Other research analysts also recently issued research reports about the company. FBR & Co raised Time Warner from a “market perform” rating to an “outperform” rating and increased their target price for the company from $97.00 to $104.00 in a report on Monday, October 31st. Bank of America Corp. reissued a “neutral” rating and issued a $84.00 target price (up previously from $79.00) on shares of Time Warner in a report on Sunday, October 23rd. downgraded Time Warner from an “outperform” rating to an “underperform” rating in a report on Wednesday, November 2nd. Moffett Nathanson raised Time Warner from a “neutral” rating to a “buy” rating in a report on Thursday, November 17th. Finally, Albert Fried & Company reissued an “outperform” rating and issued a $90.00 target price on shares of Time Warner in a report on Thursday, September 29th. One equities research analyst has rated the stock with a sell rating, seventeen have given a hold rating, twenty-two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $95.04.
Shares of Time Warner (NYSE:TWX) traded up 0.33% on Tuesday, hitting $93.21. The stock had a trading volume of 1,433,573 shares. The firm has a 50-day moving average price of $86.51 and a 200-day moving average price of $79.10. Time Warner has a 52 week low of $55.53 and a 52 week high of $94.44. The stock has a market capitalization of $71.88 billion, a P/E ratio of 16.58 and a beta of 1.08.
Time Warner (NYSE:TWX) last announced its quarterly earnings results on Wednesday, November 2nd. The media conglomerate reported $1.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.46. The firm had revenue of $7.20 billion for the quarter, compared to the consensus estimate of $6.92 billion. Time Warner had a return on equity of 18.95% and a net margin of 15.75%. The company’s quarterly revenue was up 9.2% on a year-over-year basis. During the same period in the prior year, the company posted $1.25 earnings per share. Equities analysts expect that Time Warner will post $5.78 earnings per share for the current fiscal year.
The company 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 is Monday, November 28th. This represents a $1.61 annualized dividend and a yield of 1.73%. Time Warner’s payout ratio is presently 28.60%.
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In other Time Warner news, EVP Paul T. Cappuccio sold 56,595 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.16% of the company’s stock.
A number of hedge funds have recently bought and sold shares of the stock. First Republic Investment Management Inc. increased its stake in Time Warner by 82.1% in the first quarter. First Republic Investment Management Inc. now owns 58,029 shares of the media conglomerate’s stock valued at $4,211,000 after buying an additional 26,171 shares during the last quarter. Summit Financial Wealth Advisors LLC boosted its position in shares of Time Warner by 46.4% in the second quarter. Summit Financial Wealth Advisors LLC now owns 4,133 shares of the media conglomerate’s stock valued at $304,000 after buying an additional 1,309 shares during the period. Stock Yards Bank & Trust Co. bought a new position in shares of Time Warner during the second quarter valued at about $208,000. NEXT Financial Group Inc boosted its position in shares of Time Warner by 59.9% in the second quarter. NEXT Financial Group Inc now owns 2,125 shares of the media conglomerate’s stock valued at $156,000 after buying an additional 796 shares during the period. Finally, British Columbia Investment Management Corp boosted its position in shares of Time Warner by 3.4% in the second quarter. British Columbia Investment Management Corp now owns 511,142 shares of the media conglomerate’s stock valued at $37,589,000 after buying an additional 16,679 shares during the period. Institutional investors and hedge funds own 80.32% 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.
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