Traders Buy Shares of Time Warner (TWX) on Weakness

Investors purchased shares of Time Warner Inc (NYSE:TWX) on weakness during trading on Friday. $201.86 million flowed into the stock on the tick-up and $72.56 million flowed out of the stock on the tick-down, for a money net flow of $129.30 million into the stock. Of all equities tracked, Time Warner had the 7th highest net in-flow for the day. Time Warner traded down ($1.69) for the day and closed at $92.57

Several research analysts have commented on the stock. Moffett Nathanson upgraded shares of Time Warner from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Barclays raised their target price on shares of Time Warner from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a report on Tuesday, February 6th. Pivotal Research restated a “buy” rating and set a $108.00 price target on shares of Time Warner in a report on Thursday, February 1st. Finally, Loop Capital began coverage on shares of Time Warner in a report on Thursday, March 15th. They set a “buy” rating and a $107.50 price target for the company. Fourteen research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $104.61.

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The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. The company has a market capitalization of $72,190.90, a P/E ratio of 14.44, a PEG ratio of 1.44 and a beta of 0.93.

Time Warner (NYSE:TWX) last posted its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.44 by $0.16. The firm had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The company’s revenue was up 9.1% compared to the same quarter last year. During the same period in the previous year, the company earned $1.25 earnings per share. equities research analysts predict that Time Warner Inc will post 7.67 earnings per share for the current fiscal year.

In other Time Warner news, Director Deborah C. Wright sold 4,019 shares of Time Warner stock in a transaction that occurred on Monday, February 12th. The shares were sold at an average price of $93.61, for a total value of $376,218.59. Following the completion of the sale, the director now directly owns 27,785 shares in the company, valued at $2,600,953.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.16% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Bank of Nova Scotia Trust Co. acquired a new stake in Time Warner in the third quarter valued at approximately $102,000. Americafirst Capital Management LLC bought a new position in shares of Time Warner in the third quarter valued at approximately $106,000. Slow Capital Inc. bought a new position in shares of Time Warner in the fourth quarter valued at approximately $113,000. Zions Bancorporation raised its position in shares of Time Warner by 698.6% in the third quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after purchasing an additional 999 shares during the period. Finally, Vestpro Financial Partners Inc. dba CPF Texas bought a new position in shares of Time Warner in the fourth quarter valued at approximately $131,000. Hedge funds and other institutional investors own 80.77% of the company’s stock.

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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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