Time Warner (TWX) Rating Reiterated by Wells Fargo & Co

Time Warner (NYSE:TWX)‘s stock had its “market perform” rating reissued by equities researchers at Wells Fargo & Co in a research note issued to investors on Thursday, January 4th, The Fly reports. They currently have a $98.00 price target on the media conglomerate’s stock, up from their prior price target of $84.00. Wells Fargo & Co’s target price would indicate a potential upside of 6.42% from the stock’s previous close.

Other equities analysts also recently issued research reports about the stock. Deutsche Bank reissued a “buy” rating and set a $99.00 price target on shares of Time Warner in a report on Friday, November 10th. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective for the company in a report on Monday, November 13th. Pivotal Research raised shares of Time Warner from a “hold” rating to a “buy” rating and upped their price objective for the stock from $102.00 to $103.00 in a report on Monday, November 13th. raised shares of Time Warner from a “hold” rating to a “buy” rating and upped their price objective for the stock from $102.00 to $103.00 in a report on Wednesday, November 15th. Finally, Barclays upped their price objective on shares of Time Warner from $92.00 to $107.00 and gave the stock an “equal weight” rating in a report on Tuesday, November 21st. Twenty-one analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $105.13.

Time Warner (NYSE:TWX) opened at $92.09 on Thursday. Time Warner has a 1-year low of $85.88 and a 1-year high of $103.90. The stock has a market cap of $71,700.00, a price-to-earnings ratio of 17.51, a PEG ratio of 1.41 and a beta of 0.95. 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 (NYSE:TWX) last announced its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The company had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. During the same quarter in the previous year, the company posted $1.83 earnings per share. The company’s revenue for the quarter was up 6.0% compared to the same quarter last year. sell-side analysts expect that Time Warner will post 6.2 EPS for the current year.

In other Time Warner news, CEO Jeffrey L. Bewkes sold 329,478 shares of the business’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the sale, the chief executive officer now owns 855,925 shares in the company, valued at approximately $77,589,601.25. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Olaf Olafsson sold 23,450 shares of the business’s stock in a transaction dated Thursday, December 14th. The stock was sold at an average price of $90.03, for a total value of $2,111,203.50. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Jacobi Capital Management LLC raised 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 worth $100,000 after buying an additional 20 shares during the period. Aureus Asset Management LLC increased its holdings in shares of Time Warner by 0.7% in the 2nd quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock valued at $360,000 after purchasing an additional 25 shares during the period. Advisory Services Network LLC increased its holdings in shares of Time Warner by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after purchasing an additional 26 shares during the period. Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Time Warner by 4.0% in 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 purchasing an additional 44 shares during the period. Finally, GWM Advisors LLC increased its holdings in shares of Time Warner by 1.8% in the 2nd quarter. GWM Advisors LLC now owns 2,906 shares of the media conglomerate’s stock valued at $292,000 after purchasing an additional 52 shares during the period. Hedge funds and other institutional investors own 77.83% of the company’s stock.

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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.

The Fly

Analyst Recommendations for Time Warner (NYSE:TWX)

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