Investors Buy Time Warner (TWX) on Weakness

Investors purchased shares of Time Warner Inc (NYSE:TWX) on weakness during trading on Tuesday. $187.72 million flowed into the stock on the tick-up and $46.34 million flowed out of the stock on the tick-down, for a money net flow of $141.38 million into the stock. Of all equities tracked, Time Warner had the 6th highest net in-flow for the day. Time Warner traded down ($0.14) for the day and closed at $91.91

Several research analysts have commented on TWX shares. Royal Bank of Canada reissued a “hold” rating and set a $102.00 price target on shares of Time Warner in a research note on Friday, October 27th. Zacks Investment Research raised shares of Time Warner from a “sell” rating to a “hold” rating in a research note on Saturday, January 6th. B. Riley reissued a “hold” rating and set a $101.00 price target on shares of Time Warner in a research note on Tuesday, November 21st. KeyCorp restated a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th. Finally, Pivotal Research restated a “buy” rating and issued a $108.00 target price (up previously from $103.00) on shares of Time Warner in a report on Tuesday, January 9th. One investment analyst has rated the stock with a sell rating, nineteen have given a hold rating and nine have assigned a buy rating to the company’s stock. Time Warner presently has an average rating of “Hold” and an average price target of $105.13.

The stock has a market cap of $71,560.00, a price-to-earnings ratio of 17.47, a price-to-earnings-growth ratio of 1.39 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.23. The business had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The firm’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.83 earnings per share. sell-side analysts expect that Time Warner Inc will post 6.2 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be issued a $0.4025 dividend. This represents a $1.61 annualized dividend and a yield of 1.75%. The ex-dividend date is Tuesday, January 9th. Time Warner’s dividend payout ratio (DPR) is currently 30.61%.

In related news, insider Olaf Olafsson sold 23,450 shares of Time Warner stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total value of $2,111,203.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of Time Warner stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the completion of the sale, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the stock. Jacobi Capital Management LLC boosted its holdings in shares of Time Warner by 2.1% during the 2nd 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. Aureus Asset Management LLC boosted its holdings in shares of Time Warner by 0.7% during the 2nd quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after buying an additional 25 shares in the last quarter. Advisory Services Network LLC boosted its holdings in shares of Time Warner by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after buying an additional 26 shares in the last quarter. GWM Advisors LLC boosted its holdings in shares of Time Warner by 1.8% during the 2nd quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock valued at $292,000 after buying an additional 52 shares in the last quarter. Finally, Westside Investment Management Inc. boosted its holdings in shares of Time Warner by 2.5% during the 2nd quarter. Westside Investment Management Inc. now owns 2,896 shares of the media conglomerate’s stock valued at $291,000 after buying an additional 71 shares in the last quarter. Institutional investors and hedge funds own 77.82% of the company’s stock.

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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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