Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reiterated by equities researchers at BMO Capital Markets in a note issued to investors on Wednesday, September 13th. They presently have a $108.00 price target on the media conglomerate’s stock. BMO Capital Markets’ price target would suggest a potential upside of 5.63% from the stock’s current price.
Several other equities research analysts have also issued reports on the stock. Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 target price on shares of Time Warner in a research report on Friday, July 14th. BidaskClub lowered shares of Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Morgan Stanley reiterated an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target on the stock in a research note on Thursday, July 13th. Finally, Sanford C. Bernstein reissued a “market perform” rating on shares of Time Warner in a research note on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $102.91.
Shares of Time Warner (TWX) opened at 102.24 on Wednesday. Time Warner has a 1-year low of $75.68 and a 1-year high of $103.34. The company has a market cap of $79.52 billion, a PE ratio of 18.97 and a beta of 1.04. The company has a 50 day moving average of $101.65 and a 200 day moving average of $99.76. Time Warner also saw some unusual options trading activity on Wednesday. Stock traders bought 11,614 put options on the company. This represents an increase of 345% compared to the typical volume of 2,611 put options.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $7.29 billion. During the same period last year, the business earned $1.29 earnings per share. Time Warner’s revenue was up 5.4% compared to the same quarter last year. Equities analysts expect that Time Warner will post $6.10 earnings per share for the current fiscal year.
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Large investors have recently modified their holdings of the business. IHT Wealth Management LLC raised its position in Time Warner by 98.0% in the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock worth $335,000 after buying an additional 400 shares during the last quarter. Jacobi Capital Management LLC raised its position in 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 buying an additional 20 shares during the last quarter. Bellwether Investment Group LLC raised its position in Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after buying an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC raised its position in Time Warner by 9.9% in the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after buying an additional 100 shares during the last quarter. Finally, Harfst & Associates Inc. raised its position in Time Warner by 31.6% in the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after buying an additional 288 shares during the last quarter. 79.19% of the stock is owned by institutional investors and hedge funds.
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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