Rosenblatt Securities upgraded shares of Time Warner Inc. (NYSE:TWX) from a neutral rating to a buy rating in a research note issued to investors on Monday morning. Rosenblatt Securities currently has $103.00 target price on the media conglomerate’s stock.
Several other equities research analysts have also recently commented on the stock. Deutsche Bank AG reaffirmed a buy rating and issued a $99.00 target price on shares of Time Warner in a research report on Friday. Loop Capital dropped their target price on shares of Time Warner from $107.50 to $102.00 and set a hold rating for the company in a research report on Thursday, November 9th. B. Riley reaffirmed a neutral rating and issued a $101.00 target price (down from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Time Warner from a sell rating to a hold rating and set a $110.00 target price for the company in a research report on Monday, October 30th. Finally, Royal Bank Of Canada reaffirmed a hold rating and issued a $102.00 target price on shares of Time Warner in a research report on Friday, October 27th. Twenty-two analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $103.71.
Time Warner (NYSE TWX) traded down $2.11 during trading hours on Monday, hitting $88.49. 12,820,500 shares of the stock traded hands, compared to its average volume of 4,523,078. Time Warner has a 12-month low of $86.38 and a 12-month high of $103.90. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. The stock has a market cap of $68,900.00, a PE ratio of 14.95, a price-to-earnings-growth ratio of 1.43 and a beta of 0.98.
Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same period last year, the company posted $1.83 EPS. The company’s quarterly revenue was up 6.0% compared to the same quarter last year. equities research analysts expect that Time Warner will post 6.2 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Friday, October 6th. Time Warner’s payout ratio is presently 30.61%.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its holdings in shares of Time Warner by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after acquiring an additional 1,116,818 shares during the last quarter. BlackRock Inc. boosted its holdings in shares of Time Warner by 4.0% in the second quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after buying an additional 1,696,681 shares during the last quarter. State Street Corp boosted its holdings in shares of Time Warner by 2.1% in the first quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after buying an additional 688,860 shares during the last quarter. Franklin Resources Inc. boosted its holdings in shares of Time Warner by 0.4% in the second quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after buying an additional 51,596 shares during the last quarter. Finally, Geode Capital Management LLC boosted its holdings in shares of Time Warner by 8.3% in the first quarter. Geode Capital Management LLC now owns 7,281,041 shares of the media conglomerate’s stock worth $710,380,000 after buying an additional 556,674 shares during the last quarter. 78.46% 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 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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