BMO Capital Markets restated their hold rating on shares of Time Warner Inc. (NYSE:TWX) in a research note published on Thursday morning. They currently have a $108.00 target price on the media conglomerate’s stock.
A number of other equities analysts have also issued reports on TWX. Needham & Company LLC reiterated a hold rating on shares of Time Warner in a research report on Thursday, October 13th. Albert Fried & Company reiterated an overweight rating and set a $90.00 target price on shares of Time Warner in a research report on Saturday, October 15th. Wedbush lowered shares of Time Warner from an outperform rating to a neutral rating and set a $90.00 target price on the stock. in a research report on Monday, October 17th. Zacks Investment Research lowered shares of Time Warner from a buy rating to a hold rating in a research report on Tuesday, October 18th. Finally, Bank of America Corporation set a $94.00 price objective on shares of Time Warner and gave the company a hold rating in a report on Friday, October 21st. One analyst has rated the stock with a sell rating, twenty-one have issued a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of Hold and a consensus target price of $97.87.
Time Warner (NYSE:TWX) opened at 96.39 on Thursday. The firm’s 50-day moving average is $95.81 and its 200 day moving average is $87.09. Time Warner has a 52-week low of $63.31 and a 52-week high of $97.35. The stock has a market capitalization of $74.41 billion, a PE ratio of 19.46 and a beta of 1.09.
Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, February 8th. The media conglomerate reported $1.25 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.06. Time Warner had a net margin of 13.39% and a return on equity of 19.29%. The company had revenue of $7.90 billion for the quarter, compared to analyst estimates of $7.71 billion. During the same period in the prior year, the business earned $1.06 earnings per share. Time Warner’s quarterly revenue was up 11.5% on a year-over-year basis. On average, equities analysts forecast that Time Warner will post $5.95 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 15th. Shareholders of record on Tuesday, February 28th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.67%. The ex-dividend date of this dividend is Friday, February 24th. Time Warner’s dividend payout ratio is currently 32.59%.
A number of institutional investors have recently added to or reduced their stakes in TWX. Parkside Financial Bank & Trust raised its position in Time Warner by 11.6% in the third quarter. Parkside Financial Bank & Trust now owns 1,275 shares of the media conglomerate’s stock valued at $101,000 after buying an additional 133 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new position in Time Warner during the fourth quarter valued at approximately $126,000. Tradewinds Capital Management LLC raised its position in Time Warner by 64.7% in the third quarter. Tradewinds Capital Management LLC now owns 1,413 shares of the media conglomerate’s stock valued at $112,000 after buying an additional 555 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its position in Time Warner by 0.5% in the fourth quarter. Thompson Siegel & Walmsley LLC now owns 1,415 shares of the media conglomerate’s stock valued at $137,000 after buying an additional 7 shares in the last quarter. Finally, FTB Advisors Inc. raised its position in 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. 79.34% 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 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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