Cowen and Company reissued their hold rating on shares of Time Warner Inc. (NYSE:TWX) in a report published on Friday, October 27th. The firm currently has a $102.00 price target on the media conglomerate’s stock.
A number of other analysts also recently weighed in on the company. ValuEngine downgraded Time Warner from a buy rating to a hold rating in a report on Thursday, October 26th. Royal Bank Of Canada reiterated a hold rating and set a $108.00 price target on shares of Time Warner in a report on Friday, July 14th. BidaskClub downgraded Time Warner from a buy rating to a hold rating in a report on Wednesday, July 19th. Credit Suisse Group downgraded Time Warner from an outperform rating to a neutral rating and set a $107.50 price target for the company. in a report on Monday, September 18th. Finally, Morgan Stanley reiterated an overweight rating on shares of Time Warner in a report on Thursday, July 6th. Twenty-three research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $103.93.
Time Warner (NYSE:TWX) opened at $90.60 on Friday. The stock has a market capitalization of $70,540.52, a price-to-earnings ratio of 14.95, a P/E/G ratio of 1.43 and a beta of 0.98. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner has a 12-month low of $85.77 and a 12-month high of $103.90.
Time Warner (NYSE:TWX) last announced its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The business had revenue of $7.60 billion during the quarter, compared to analyst estimates of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. Time Warner’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same period last year, the company earned $1.83 EPS. equities research analysts anticipate that Time Warner will post 6.2 earnings per share for the current year.
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The business also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were issued a $0.4025 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.78%. Time Warner’s dividend payout ratio (DPR) is presently 30.73%.
Several large investors have recently bought and sold shares of the stock. Tiedemann Wealth Management LLC raised its holdings in shares of Time Warner by 5.6% in the 3rd quarter. Tiedemann Wealth Management LLC now owns 20,427 shares of the media conglomerate’s stock worth $1,378,000 after purchasing an additional 1,084 shares during the period. Schwab Charles Investment Management Inc. raised its holdings in shares of Time Warner by 0.7% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 2,774,536 shares of the media conglomerate’s stock worth $284,252,000 after purchasing an additional 18,736 shares during the period. Grove Bank & Trust raised its holdings in shares of Time Warner by 13.1% in the 3rd quarter. Grove Bank & Trust now owns 8,115 shares of the media conglomerate’s stock worth $831,000 after purchasing an additional 941 shares during the period. Ropes Wealth Advisors LLC raised its holdings in shares of Time Warner by 130.8% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 8,250 shares of the media conglomerate’s stock worth $845,000 after purchasing an additional 4,675 shares during the period. Finally, Zeke Capital Advisors LLC raised its holdings in shares of Time Warner by 118.5% in the 3rd quarter. Zeke Capital Advisors LLC now owns 17,157 shares of the media conglomerate’s stock worth $1,758,000 after purchasing an additional 9,304 shares during the period. 78.46% of the stock is currently owned by institutional investors.
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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