Time Warner Inc. (TWX) Receives $102.83 Consensus PT from Analysts
Time Warner Inc. (NYSE:TWX) has earned a consensus recommendation of “Hold” from the thirty-five brokerages that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, twenty-five have issued a hold rating, eight have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $102.83.
A number of research analysts recently issued reports on the company. BidaskClub cut Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Barclays PLC cut Time Warner from an “overweight” rating to an “equal weight” rating and lifted their price target for the company from $95.00 to $107.00 in a report on Friday, August 4th. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $108.00 price target on shares of Time Warner in a report on Friday, July 14th. Evercore ISI cut Time Warner from an “outperform” rating to an “in-line” rating and set a $108.00 price target for the company. in a report on Monday, August 7th. Finally, Zacks Investment Research raised Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, July 13th.
Time Warner (TWX) traded down 0.27% during trading on Wednesday, reaching $100.20. 4,920,644 shares of the company’s stock traded hands. 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 $77.94 billion, a price-to-earnings ratio of 18.59 and a beta of 1.04. The firm’s 50 day moving average is $101.62 and its 200-day moving average is $99.55.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. During the same period in the previous year, the business posted $1.29 earnings per share. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. Analysts expect that Time Warner will post $6.10 EPS for the current fiscal year.
In other Time Warner news, CFO Howard M. Averill acquired 255 shares of the firm’s stock in a transaction that occurred on Thursday, June 15th. The stock was acquired at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the transaction, the chief financial officer now owns 63,399 shares of the company’s stock, valued at $6,318,978.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.16% of the stock is currently owned by insiders.
Institutional investors and hedge funds have recently modified their holdings of the stock. Intl Fcstone Inc. acquired a new position in Time Warner during the 2nd quarter worth approximately $722,000. USA Financial Portformulas Corp boosted its position in Time Warner by 3.3% during the 2nd quarter. USA Financial Portformulas Corp now owns 40,868 shares of the media conglomerate’s stock worth $4,104,000 after acquiring an additional 1,316 shares during the last quarter. Phocas Financial Corp. acquired a new position in Time Warner during the 2nd quarter worth approximately $172,000. Sentry Investment Management LLC boosted its position in Time Warner by 1.5% during the 2nd quarter. Sentry Investment Management LLC now owns 62,069 shares of the media conglomerate’s stock worth $6,232,000 after acquiring an additional 892 shares during the last quarter. Finally, Toronto Dominion Bank boosted its position in Time Warner by 17.7% during the 2nd quarter. Toronto Dominion Bank now owns 1,316,195 shares of the media conglomerate’s stock worth $132,134,000 after acquiring an additional 198,036 shares during the last quarter. Institutional investors and hedge funds own 79.28% 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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