Time Warner (TWX) Receives Market Perform Rating from Wells Fargo & Co

Wells Fargo & Co restated their market perform rating on shares of Time Warner (NYSE:TWX) in a research report sent to investors on Thursday morning. The brokerage currently has a $98.00 target price on the media conglomerate’s stock, up from their previous target price of $84.00.

A number of other research firms also recently weighed in on TWX. Cowen reissued a hold rating and set a $107.50 target price on shares of Time Warner in a research report on Thursday, October 12th. Jefferies Group reissued a hold rating and set a $105.00 target price on shares of Time Warner in a research report on Wednesday, October 11th. Needham & Company LLC reissued a hold rating on shares of Time Warner in a research report on Tuesday, September 26th. Credit Suisse Group downgraded shares of Time Warner from an outperform rating to a neutral rating and set a $107.50 target price for the company. in a research report on Monday, September 18th. Finally, Royal Bank of Canada reaffirmed a hold rating and set a $108.00 price objective on shares of Time Warner in a research report on Wednesday, October 18th. Twenty-one analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Time Warner currently has an average rating of Hold and a consensus price target of $104.88.

Time Warner (NYSE:TWX) traded up $1.13 during mid-day trading on Thursday, hitting $92.63. 3,544,900 shares of the stock were exchanged, compared to its average volume of 4,264,467. The company has a market capitalization of $72,310.00, a PE ratio of 17.61, a P/E/G ratio of 1.38 and a beta of 0.95. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. Time Warner has a 52-week low of $85.88 and a 52-week high of $103.90.

Time Warner (NYSE:TWX) last posted its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The firm had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business’s revenue for the quarter was up 6.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.83 earnings per share. sell-side analysts forecast that Time Warner will post 6.2 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 1st. Investors of record on Wednesday, January 10th will be given a $0.4025 dividend. The ex-dividend date is Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a yield of 1.74%. Time Warner’s payout ratio is 30.61%.

In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $90.65, for a total value of $29,867,180.70. Following the completion of the sale, the chief executive officer now owns 855,925 shares of the company’s stock, valued at approximately $77,589,601.25. The disclosure for this sale can be found here. Insiders own 0.16% of the company’s stock.

Several large investors have recently made changes to their positions in TWX. Jacobi Capital Management LLC lifted its holdings in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after acquiring an additional 20 shares during the period. Aureus Asset Management LLC increased its position in Time Warner by 0.7% in the second quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after buying an additional 25 shares in the last quarter. Advisory Services Network LLC increased its position in Time Warner by 1.8% in the second quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after buying an additional 26 shares in the last quarter. Patriot Financial Group Insurance Agency LLC increased its position in Time Warner by 4.0% in the second quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock worth $116,000 after buying an additional 44 shares in the last quarter. Finally, GWM Advisors LLC increased its position in Time Warner by 1.8% in the second quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock worth $292,000 after buying an additional 52 shares in the last quarter. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

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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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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