Pivotal Research Upgrades Time Warner Inc. (TWX) to “Buy”
Pivotal Research upgraded shares of Time Warner Inc. (NYSE:TWX) from a hold rating to a buy rating in a report published on Monday morning, Marketbeat reports. They currently have $103.00 price objective on the media conglomerate’s stock, up from their previous price objective of $102.00.
TWX has been the subject of several other research reports. Cowen and Company reissued a hold rating and issued a $107.50 price objective on shares of Time Warner in a report on Thursday, October 12th. Credit Suisse Group cut Time Warner from an outperform rating to a neutral rating and set a $107.50 price objective for the company. in a report on Monday, September 18th. Jefferies Group LLC cut Time Warner from a buy rating to a hold rating and set a $105.00 price objective for the company. in a report on Thursday, August 3rd. B. Riley reissued a neutral rating and issued a $101.00 price objective (down previously from $105.00) on shares of Time Warner in a report on Friday, November 3rd. Finally, Deutsche Bank AG reaffirmed a buy rating and issued a $99.00 price target on shares of Time Warner in a report on Friday, November 10th. Twenty-two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Time Warner has a consensus rating of Hold and an average target price of $103.68.
Shares of Time Warner (NYSE:TWX) opened at $88.01 on Monday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. The firm has a market capitalization of $68,025.67, a PE ratio of 14.42, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. Time Warner has a one year low of $85.88 and a one year high of $103.90.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The business had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.83 EPS. equities research analysts forecast that Time Warner will post 6.2 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th were given a $0.4025 dividend. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 annualized dividend and a yield of 1.83%. Time Warner’s payout ratio is 30.73%.
A number of large investors have recently added to or reduced their stakes in the business. Stillwater Investment Management LLC lifted its stake in Time Warner by 0.4% during 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 in the last quarter. Park National Corp OH lifted its stake in Time Warner by 0.6% during 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 in the last quarter. Jacobi Capital Management LLC lifted its stake in Time Warner by 2.1% during 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 in the last quarter. Aureus Asset Management LLC lifted its stake in Time Warner by 0.7% during 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 in the last quarter. Finally, Advisory Services Network LLC lifted its stake in Time Warner by 1.8% during 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 in the last quarter. Institutional investors own 78.46% of the company’s stock.
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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