Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reaffirmed by equities researchers at Royal Bank Of Canada in a research note issued to investors on Friday, October 27th. They currently have a $102.00 price target on the media conglomerate’s stock. Royal Bank Of Canada’s target price points to a potential upside of 12.58% from the stock’s previous close.
TWX has been the subject of a number of other reports. Zacks Investment Research cut shares of Time Warner from a “hold” rating to a “sell” rating in a report on Tuesday, October 17th. Credit Suisse Group cut shares of 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. Morgan Stanley restated an “overweight” rating on shares of Time Warner in a report on Thursday, July 6th. Cowen and Company restated a “hold” rating and issued a $102.00 price target on shares of Time Warner in a report on Friday, October 27th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Time Warner in a research note on Tuesday, September 12th. Twenty-four research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $104.02.
Shares of Time Warner (TWX) opened at $90.60 on Friday. Time Warner has a 12-month low of $85.77 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 firm has a market cap of $70,540.52, a price-to-earnings ratio of 14.95, a PEG ratio of 1.43 and a beta of 0.98.
Time Warner (NYSE:TWX) last posted its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share 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 company had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same period in the prior year, the company posted $1.83 earnings per share. Time Warner’s revenue for the quarter was up 6.0% compared to the same quarter last year. research analysts anticipate that Time Warner will post 6.2 EPS for the current year.
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Institutional investors and hedge funds have recently bought and sold shares of the company. Legal & General Group Plc grew its stake in Time Warner by 2.6% during the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock valued at $397,891,000 after acquiring an additional 99,059 shares in the last quarter. Segantii Capital Management Ltd purchased a new position in Time Warner during the second quarter valued at approximately $33,886,000. Blair William & Co. IL grew its stake in Time Warner by 27.9% during the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock valued at $3,728,000 after acquiring an additional 8,096 shares in the last quarter. State of Wisconsin Investment Board grew its stake in Time Warner by 1.3% during the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock valued at $90,137,000 after acquiring an additional 11,740 shares in the last quarter. Finally, Whittier Trust Co. grew its stake in Time Warner by 3.2% during the third quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock valued at $5,038,000 after acquiring an additional 1,513 shares in the last quarter. Hedge funds and other institutional investors own 79.11% of the company’s stock.
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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