Investors Buy Shares of Time Warner (TWX) on Weakness

Investors bought shares of Time Warner Inc (NYSE:TWX) on weakness during trading on Wednesday. $81.45 million flowed into the stock on the tick-up and $52.81 million flowed out of the stock on the tick-down, for a money net flow of $28.64 million into the stock. Of all equities tracked, Time Warner had the 32nd highest net in-flow for the day. Time Warner traded down ($0.27) for the day and closed at $94.80

A number of analysts recently issued reports on the company. Cowen reissued a “hold” rating and set a $102.00 target price on shares of Time Warner in a research note on Friday, October 27th. ValuEngine cut Time Warner from a “buy” rating to a “hold” rating in a research note on Thursday, October 26th. Zacks Investment Research raised shares of Time Warner from a “sell” rating to a “hold” rating and set a $110.00 price target for the company in a research note on Monday, October 30th. Royal Bank of Canada reaffirmed a “hold” rating and set a $102.00 price target on shares of Time Warner in a research note on Friday, October 27th. Finally, Pivotal Research reaffirmed a “buy” rating and set a $108.00 price target on shares of Time Warner in a research note on Thursday, February 1st. Sixteen investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $104.36.

The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08. The company has a market cap of $73,810.00, a P/E ratio of 17.46, a price-to-earnings-growth ratio of 1.28 and a beta of 0.94.

Time Warner (NYSE:TWX) last released its earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The business had revenue of $8.61 billion during the quarter, compared to analysts’ expectations of $8.41 billion. During the same period last year, the business earned $1.25 earnings per share. The firm’s revenue was up 9.1% on a year-over-year basis. equities research analysts anticipate that Time Warner Inc will post 7.56 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, February 1st. Investors of record on Wednesday, January 10th were paid a $0.4025 dividend. The ex-dividend date was Tuesday, January 9th. This represents a $1.61 annualized dividend and a dividend yield of 1.70%. Time Warner’s dividend payout ratio is presently 29.65%.

In related news, Director William P. Barr sold 4,019 shares of the firm’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $97.20, for a total value of $390,646.80. Following the completion of the transaction, the director now directly owns 44,959 shares of the company’s stock, valued at $4,370,014.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Olaf Olafsson sold 23,450 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The disclosure for this sale can be found here. Insiders sold 360,966 shares of company stock valued at $32,745,250 over the last three months. 0.16% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the business. Bank of Nova Scotia Trust Co. acquired a new stake in Time Warner during the 3rd quarter valued at $102,000. Americafirst Capital Management LLC acquired a new stake in Time Warner during the 3rd quarter valued at $106,000. Zions Bancorporation lifted its holdings in Time Warner by 698.6% during the 3rd 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 last quarter. Slow Capital Inc. acquired a new stake in Time Warner during the 4th quarter valued at $113,000. Finally, Vestpro Financial Partners Inc. dba CPF Texas acquired a new stake in Time Warner during the 4th quarter valued at $131,000. 78.66% of the stock is owned by institutional investors and hedge funds.

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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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