Analysts Set Time Warner Inc (TWX) Price Target at $101.02

Time Warner Inc (NYSE:TWX) has been given a consensus rating of “Hold” by the thirty-four research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, twenty-one have given a hold rating, eleven have issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $101.02.

Several research analysts recently issued reports on TWX shares. Loop Capital lowered shares of Time Warner from a “buy” rating to a “hold” rating and set a $107.50 price target for the company. in a research note on Thursday, March 2nd. Credit Suisse Group reiterated a “buy” rating and issued a $108.00 price target on shares of Time Warner in a research note on Wednesday, March 1st. Rosenblatt Securities started coverage on shares of Time Warner in a research note on Tuesday, April 4th. They issued a “neutral” rating and a $105.00 price target for the company. Pivotal Research lowered shares of Time Warner from a “buy” rating to a “hold” rating and increased their price target for the stock from $100.00 to $107.50 in a research note on Thursday, April 20th. Finally, FBR & Co reiterated a “buy” rating and issued a $107.50 price target on shares of Time Warner in a research note on Friday, April 7th.

In other news, CFO Howard M. Averill purchased 255 shares of the stock in a transaction on Thursday, June 15th. The shares were acquired 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 $6,318,978.33. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.16% of the stock is owned by insiders.

A number of institutional investors have recently modified their holdings of TWX. Bellwether Investment Group LLC increased its position in shares of Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after buying an additional 146 shares in the last quarter. Archford Capital Strategies LLC purchased a new position in shares of Time Warner during the fourth quarter valued at $106,000. Patriot Financial Group Insurance Agency LLC increased its position in shares of Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock valued at $109,000 after buying an additional 100 shares in the last quarter. Carroll Financial Associates Inc. increased its position in shares of Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock valued at $122,000 after buying an additional 33 shares in the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of Time Warner during the fourth quarter valued at $126,000. 80.99% of the stock is currently owned by institutional investors and hedge funds.

Time Warner (NYSE TWX) traded up 0.32% during mid-day trading on Friday, reaching $99.63. The company’s stock had a trading volume of 4,024,847 shares. The firm’s 50 day moving average price is $98.82 and its 200 day moving average price is $97.45. Time Warner has a 52 week low of $68.97 and a 52 week high of $100.60. The firm has a market capitalization of $77.27 billion, a P/E ratio of 19.01 and a beta of 1.09.

Time Warner (NYSE:TWX) last posted its earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.22. Time Warner had a net margin of 18.40% and a return on equity of 22.89%. The firm had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.66 billion. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company posted $1.49 EPS. On average, analysts anticipate that Time Warner will post $6.04 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st were issued a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.62%. The ex-dividend date of this dividend was Friday, May 26th. Time Warner’s dividend payout ratio is currently 30.78%.

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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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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