KeyCorp Reaffirms Hold Rating for Time Warner Inc. (TWX)
Other equities research analysts also recently issued reports about the stock. BidaskClub raised shares of Time Warner from a hold rating to a buy rating in a research report on Tuesday, June 20th. Zacks Investment Research raised shares of Time Warner from a hold rating to a buy rating and set a $113.00 price objective on the stock in a research report on Thursday, July 13th. Barclays PLC downgraded shares of Time Warner from an overweight rating to an equal weight rating and increased their price objective for the company from $95.00 to $107.00 in a research report on Friday, August 4th. Jefferies Group LLC reissued a hold rating and issued a $105.00 price objective (up from $102.42) on shares of Time Warner in a research report on Sunday, July 30th. Finally, Royal Bank Of Canada reissued a hold rating and issued a $108.00 price objective on shares of Time Warner in a research report on Friday, July 14th. Two equities research analysts have rated the stock with a sell rating, twenty-eight have assigned a hold rating and six have given a buy rating to the stock. The company has a consensus rating of Hold and an average target price of $102.91.
Shares of Time Warner (TWX) traded down 0.33% during midday trading on Tuesday, reaching $101.86. 1,343,571 shares of the company’s stock traded hands. The stock has a market capitalization of $79.23 billion, a P/E ratio of 18.90 and a beta of 1.02. Time Warner has a 1-year low of $83.31 and a 1-year high of $103.90. The firm’s 50-day moving average price is $102.07 and its 200 day moving average price is $100.46.
Time Warner (NYSE:TWX) last announced its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating the Zacks’ consensus estimate of $1.19 by $0.14. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the firm posted $1.29 EPS. The company’s quarterly revenue was up 5.4% compared to the same quarter last year. On average, equities analysts predict that Time Warner will post $6.10 earnings per share for the current fiscal year.
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The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th will be paid a $0.4025 dividend. This represents a $1.61 annualized dividend and a dividend yield of 1.58%. The ex-dividend date is Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is presently 29.98%.
Several hedge funds have recently added to or reduced their stakes in the company. Stillwater Investment Management LLC lifted its stake in shares of Time Warner by 0.4% in the 2nd quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after acquiring an additional 9 shares during the period. Park National Corp OH lifted its stake in shares of Time Warner by 0.6% in the 2nd quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after acquiring an additional 14 shares during the period. Jacobi Capital Management LLC lifted its stake in shares of Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after acquiring an additional 20 shares during the period. Aureus Asset Management LLC lifted its stake in shares of Time Warner by 0.7% in the 2nd quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after acquiring an additional 25 shares during the period. Finally, Advisory Services Network LLC lifted its stake in shares of Time Warner by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after acquiring an additional 26 shares during the period. Institutional investors own 79.16% 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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