Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reissued by equities researchers at BMO Capital Markets in a report released on Wednesday, September 13th. They currently have a $108.00 price objective on the media conglomerate’s stock. BMO Capital Markets’ price objective suggests a potential upside of 5.42% from the stock’s current price.
TWX has been the subject of a number of other research reports. BidaskClub upgraded Time Warner from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Jefferies Group LLC cut Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a report on Thursday, August 3rd. Royal Bank Of Canada reiterated a “hold” rating and issued a $108.00 target price on shares of Time Warner in a report on Tuesday, August 15th. Zacks Investment Research cut Time Warner from a “buy” rating to a “hold” rating in a report on Monday, August 7th. Finally, Barclays PLC cut Time Warner from an “overweight” rating to an “equal weight” rating and lifted their target price for the stock from $95.00 to $107.00 in a report on Friday, August 4th. One analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $102.91.
Shares of Time Warner (NYSE:TWX) traded up 0.21% during mid-day trading on Wednesday, reaching $102.45. The company’s stock had a trading volume of 5,252,231 shares. The company’s 50-day moving average price is $101.65 and its 200-day moving average price is $99.76. The stock has a market capitalization of $79.69 billion, a P/E ratio of 19.01 and a beta of 1.04. Time Warner has a 12-month low of $75.68 and a 12-month high of $103.34. Time Warner also was the target of some unusual options trading on Wednesday. Stock traders acquired 11,614 put options on the stock. This represents an increase of approximately 345% compared to the typical volume of 2,611 put options.
Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The firm’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.29 EPS. On average, equities research analysts forecast that Time Warner will post $6.10 earnings per share for the current fiscal year.
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A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in Time Warner by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock valued at $5,004,741,000 after purchasing an additional 1,116,818 shares during the last quarter. BlackRock Inc. grew its stake in Time Warner by 4.0% during the 2nd quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock valued at $4,470,656,000 after purchasing an additional 1,696,681 shares during the last quarter. State Street Corp grew its stake in Time Warner by 2.1% during the 1st quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock valued at $3,199,990,000 after purchasing an additional 688,860 shares during the last quarter. Franklin Resources Inc. grew its stake in Time Warner by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock valued at $1,239,484,000 after purchasing an additional 51,596 shares during the last quarter. Finally, FMR LLC grew its stake in Time Warner by 0.6% during the 1st quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock valued at $1,165,905,000 after purchasing an additional 68,625 shares during the last quarter. Institutional investors and hedge funds own 79.19% 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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