Traders Buy Time Warner Inc. (TWX) on Weakness

Traders purchased shares of Time Warner Inc. (NYSE:TWX) on weakness during trading on Friday. $171.05 million flowed into the stock on the tick-up and $53.19 million flowed out of the stock on the tick-down, for a money net flow of $117.86 million into the stock. Of all equities tracked, Time Warner had the 6th highest net in-flow for the day. Time Warner traded down ($0.37) for the day and closed at $101.83

Several research firms have recently commented on TWX. Cowen and Company reaffirmed a “hold” rating and issued a $107.50 target price on shares of Time Warner in a research report on Thursday, October 12th. Jefferies Group LLC downgraded Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a research report on Thursday, August 3rd. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price on the stock. in a research report on Monday, September 18th. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Finally, Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research report on Wednesday. Two equities research analysts have rated the stock with a sell rating, twenty-eight have issued a hold rating and six have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $102.91.

The firm’s 50 day moving average price is $102.09 and its 200-day moving average price is $100.49. The company has a market capitalization of $79.20 billion, a price-to-earnings ratio of 18.89 and a beta of 1.02.

Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping the consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period in the previous year, the firm posted $1.29 earnings per share. Analysts anticipate that Time Warner Inc. will post $6.10 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.58%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s dividend payout ratio is presently 29.98%.

A number of institutional investors have recently bought and sold shares of the business. Stillwater Investment Management LLC lifted its stake in Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after purchasing an additional 9 shares during the last quarter. Park National Corp OH lifted its stake in Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after purchasing an additional 14 shares during the last quarter. Jacobi Capital Management LLC lifted its stake in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after purchasing an additional 20 shares during the last quarter. Aureus Asset Management LLC lifted its stake in Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after purchasing an additional 25 shares during the last quarter. Finally, Advisory Services Network LLC lifted its stake in Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after purchasing an additional 26 shares during the last quarter. 79.16% of the stock is owned by institutional investors and hedge funds.

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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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