Time Warner Inc (NYSE:TWX) was the target of some unusual options trading on Monday. Stock traders acquired 29,810 call options on the company. This represents an increase of approximately 901% compared to the average volume of 2,978 call options.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Archford Capital Strategies LLC bought a new position in Time Warner during the fourth quarter worth about $106,000. Bellwether Investment Group LLC boosted its position in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in 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 worth $109,000 after buying an additional 100 shares in the last quarter. Carroll Financial Associates Inc. boosted its position in Time Warner by 2.7% in the first quarter. Carroll Financial Associates Inc. now owns 1,249 shares of the media conglomerate’s stock worth $122,000 after buying an additional 33 shares in the last quarter. Finally, Woodmont Investment Counsel LLC bought a new position in Time Warner during the third quarter worth about $123,000. 79.34% of the stock is owned by institutional investors and hedge funds.
A number of research analysts have recently issued reports on TWX shares. Moffett Nathanson cut Time Warner from a “buy” rating to a “neutral” rating in a research note on Wednesday, February 1st. Loop Capital cut Time Warner from a “buy” rating to a “hold” rating and set a $107.50 price objective on the stock. in a research note on Thursday, March 2nd. Zacks Investment Research cut Time Warner from a “buy” rating to a “hold” rating in a research note on Monday, February 13th. Drexel Hamilton cut Time Warner from a “buy” rating to a “hold” rating in a research note on Thursday, February 9th. They noted that the move was a valuation call. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research note on Thursday, February 9th. One analyst has rated the stock with a sell rating, twenty-one have given a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company’s stock. Time Warner has a consensus rating of “Hold” and a consensus price target of $100.50.
Shares of Time Warner (NYSE:TWX) opened at 98.40 on Thursday. The firm’s 50-day moving average is $98.77 and its 200-day moving average is $96.22. Time Warner has a 52 week low of $68.97 and a 52 week high of $100.60. The stock has a market capitalization of $76.31 billion, a price-to-earnings ratio of 18.77 and a beta of 1.09.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, May 3rd. The media conglomerate reported $1.66 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.22. The business had revenue of $7.74 billion during the quarter, compared to analysts’ expectations of $7.66 billion. Time Warner had a net margin of 13.39% and a return on equity of 19.29%. The business’s quarterly revenue was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $1.49 earnings per share. Analysts forecast that Time Warner will post $6.06 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, June 15th. Shareholders of record on Wednesday, May 31st will be issued a $0.4025 dividend. The ex-dividend date is Friday, May 26th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.64%. Time Warner’s dividend payout ratio is currently 32.59%.
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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 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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