Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating restated by stock analysts at Royal Bank Of Canada in a report released on Friday, July 14th. They currently have a $108.00 price objective on the media conglomerate’s stock. Royal Bank Of Canada’s price objective would indicate a potential upside of 5.99% from the company’s previous close.
Other analysts also recently issued research reports about the stock. Morgan Stanley reissued an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Rosenblatt Securities started coverage on shares of Time Warner in a research report on Tuesday, April 4th. They set a “neutral” rating and a $105.00 target price for the company. Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and increased their target price for the company from $100.00 to $107.50 in a research report on Thursday, April 20th. BMO Capital Markets reissued a “hold” rating and set a $108.00 target price on shares of Time Warner in a research report on Friday, May 19th. Finally, FBR & Co reissued a “buy” rating and set a $107.50 target price on shares of Time Warner in a research report on Friday, April 7th. One investment analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Time Warner currently has an average rating of “Hold” and a consensus target price of $102.25.
Time Warner (NYSE:TWX) opened at 101.90 on Friday. The stock’s 50 day moving average is $100.86 and its 200-day moving average is $98.86. Time Warner has a 12-month low of $74.27 and a 12-month high of $103.34. The company has a market capitalization of $79.26 billion, a P/E ratio of 18.91 and a beta of 1.05.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. During the same quarter in the prior year, the firm posted $1.29 earnings per share. The firm’s revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Time Warner will post $6.09 earnings per share for the current fiscal year.
In related news, CFO Howard M. Averill acquired 255 shares of the company’s stock in a transaction on Thursday, June 15th. The shares were acquired at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the purchase, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. 0.16% of the stock is currently owned by company insiders.
Several large investors have recently made changes to their positions in the stock. First Bank & Trust raised its stake in shares of Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock valued at $332,000 after buying an additional 9 shares in the last quarter. Stillwater Investment Management LLC raised its stake in shares of Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after buying an additional 9 shares in the last quarter. Park National Corp OH raised its stake in shares of Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares in the last quarter. Integrated Wealth Management raised its stake in shares of Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock valued at $209,000 after buying an additional 17 shares in the last quarter. Finally, Jacobi Capital Management LLC raised its stake in shares of Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after buying an additional 20 shares in the last quarter. 80.02% of the stock is 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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