Time Warner Inc. (TWX) Given Average Recommendation of “Hold” by Brokerages
Time Warner Inc. (NYSE:TWX) has been given a consensus recommendation of “Hold” by the twenty-nine ratings firms that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, twenty-three have issued a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $106.83.
A number of research firms have recently weighed in on TWX. Zacks Investment Research upgraded Time Warner from a “sell” rating to a “hold” rating and set a $110.00 target price on the stock in a report on Monday. Royal Bank Of Canada restated a “hold” rating and issued a $102.00 target price on shares of Time Warner in a report on Friday. Cowen and Company restated a “hold” rating and issued a $102.00 target price on shares of Time Warner in a report on Friday. ValuEngine lowered Time Warner from a “buy” rating to a “hold” rating in a report on Thursday, October 26th. Finally, KeyCorp restated a “hold” rating on shares of Time Warner in a report on Tuesday, October 17th.
A number of hedge funds have recently modified their holdings of TWX. Waldron LP lifted its stake in Time Warner by 137.7% during the first quarter. Waldron LP now owns 5,340 shares of the media conglomerate’s stock worth $508,000 after purchasing an additional 3,093 shares during the last quarter. Pacer Advisors Inc. lifted its stake in Time Warner by 6.8% during the first quarter. Pacer Advisors Inc. now owns 16,704 shares of the media conglomerate’s stock worth $1,632,000 after purchasing an additional 1,062 shares during the last quarter. South Texas Money Management Ltd. lifted its stake in Time Warner by 9.5% during the first quarter. South Texas Money Management Ltd. now owns 4,050 shares of the media conglomerate’s stock worth $396,000 after purchasing an additional 353 shares during the last quarter. Congress Asset Management Co. MA lifted its stake in Time Warner by 2.9% during the first quarter. Congress Asset Management Co. MA now owns 46,929 shares of the media conglomerate’s stock worth $4,585,000 after purchasing an additional 1,316 shares during the last quarter. Finally, GWM Advisors LLC lifted its stake in Time Warner by 10.9% during the first quarter. GWM Advisors LLC now owns 2,854 shares of the media conglomerate’s stock worth $280,000 after purchasing an additional 281 shares during the last quarter. 79.21% of the stock is owned by hedge funds and other institutional investors.
Time Warner (TWX) traded down 0.20% on Thursday, hitting $98.29. The company’s stock had a trading volume of 7,090,047 shares. The stock has a market cap of $76.45 billion, a PE ratio of 18.24 and a beta of 1.02. The firm has a 50 day moving average of $101.82 and a 200-day moving average of $100.56. Time Warner has a 12 month low of $85.22 and a 12 month high of $103.90.
Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same quarter last year, the company earned $1.83 earnings per share. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts expect that Time Warner will post $6.18 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.64%. The ex-dividend date is Friday, October 6th. Time Warner’s dividend payout ratio is 30.73%.
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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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