Cowen and Company restated their hold rating on shares of Time Warner Inc. (NYSE:TWX) in a research note issued to investors on Friday, October 27th. The brokerage currently has a $102.00 target price on the media conglomerate’s stock.
Other research analysts also recently issued research reports about the company. BidaskClub downgraded Time Warner from a buy rating to a hold rating in a report on Wednesday, July 19th. Royal Bank of Canada reissued a hold rating and issued a $108.00 target price on shares of Time Warner in a report on Friday, July 14th. BMO Capital Markets reissued a hold rating and issued a $108.00 target price on shares of Time Warner in a report on Wednesday, September 13th. KeyCorp reissued a hold rating on shares of Time Warner in a report on Tuesday, October 17th. Finally, Evercore ISI downgraded Time Warner from an outperform rating to an in-line rating and set a $108.00 target price on the stock. in a report on Monday, August 7th. Twenty-four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of Hold and an average target price of $104.02.
Shares of Time Warner (NYSE:TWX) opened at $90.60 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner has a 12-month low of $85.77 and a 12-month high of $103.90. The company has a market capitalization of $67,776.52, a price-to-earnings ratio of 14.36, a P/E/G ratio of 1.37 and a beta of 0.98.
Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating the consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The company had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. During the same period last year, the firm posted $1.83 earnings per share. Time Warner’s revenue was up 6.0% compared to the same quarter last year. research analysts predict that Time Warner will post 6.2 EPS for the current fiscal year.
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The business also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were issued a $0.4025 dividend. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date was Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is 30.73%.
A number of institutional investors and hedge funds have recently bought and sold shares of TWX. Jacobi Capital Management LLC boosted its holdings in Time Warner by 2.1% during the 2nd 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. Bellwether Investment Group LLC boosted its holdings in Time Warner by 15.6% during the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after acquiring an additional 146 shares during the period. Patriot Financial Group Insurance Agency LLC boosted its holdings in Time Warner by 4.0% during the 2nd quarter. Patriot Financial Group Insurance Agency LLC now owns 1,153 shares of the media conglomerate’s stock valued at $116,000 after acquiring an additional 44 shares during the period. Harfst & Associates Inc. boosted its holdings in Time Warner by 31.6% during the 2nd quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock valued at $120,000 after acquiring an additional 288 shares during the period. Finally, Captrust Financial Advisors purchased a new position in Time Warner during the 2nd quarter valued at $127,000. Institutional investors own 79.11% 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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