Traders purchased shares of Time Warner Inc (NYSE:TWX) on weakness during trading hours on Thursday. $135.64 million flowed into the stock on the tick-up and $46.72 million flowed out of the stock on the tick-down, for a money net flow of $88.92 million into the stock. Of all stocks tracked, Time Warner had the 3rd highest net in-flow for the day. Time Warner traded down ($0.43) for the day and closed at $94.37
A number of research analysts recently issued reports on the company. Moffett Nathanson upgraded Time Warner from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 31st. Wells Fargo & Co reiterated a “market perform” rating and set a $84.00 price objective (down from $100.00) on shares of Time Warner in a research note on Tuesday, November 21st. Barclays boosted their price objective on Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research note on Friday, February 2nd. Royal Bank of Canada reiterated a “hold” rating and set a $102.00 price objective on shares of Time Warner in a research note on Friday, October 27th. Finally, B. Riley reiterated a “neutral” rating and set a $101.00 price objective (down from $105.00) on shares of Time Warner in a research note on Friday, November 3rd. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $104.36.
The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91. The stock has a market capitalization of $73,480.00, a price-to-earnings ratio of 17.38, a P/E/G ratio of 1.28 and a beta of 0.94.
Time Warner (NYSE:TWX) last issued its quarterly earnings data on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.16. The business had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company’s revenue for the quarter was up 9.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.25 EPS. research analysts forecast that Time Warner Inc will post 7.56 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th were issued a dividend of $0.4025 per share. The ex-dividend date was Tuesday, January 9th. This represents a $1.61 annualized dividend and a dividend yield of 1.71%. Time Warner’s dividend payout ratio (DPR) is 29.65%.
In other news, Director William P. Barr sold 4,019 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $97.20, for a total transaction of $390,646.80. Following the sale, the director now directly owns 44,959 shares of the company’s stock, valued at approximately $4,370,014.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $90.65, for a total value of $29,867,180.70. Following the sale, the chief executive officer now directly owns 855,925 shares in the company, valued at $77,589,601.25. The disclosure for this sale can be found here. Insiders have sold a total of 360,966 shares of company stock worth $32,745,250 over the last ninety days. Insiders own 0.16% of the company’s stock.
Several institutional investors and hedge funds have recently modified their holdings of TWX. Viking Global Investors LP purchased a new stake in Time Warner during the 4th quarter valued at $420,390,000. Canyon Capital Advisors LLC raised its holdings in Time Warner by 60.1% during the 4th quarter. Canyon Capital Advisors LLC now owns 9,053,982 shares of the media conglomerate’s stock valued at $828,168,000 after buying an additional 3,398,928 shares during the period. Abrams Capital Management L.P. purchased a new stake in Time Warner during the 4th quarter valued at $272,639,000. Cowen Inc. raised its holdings in Time Warner by 833.4% during the 3rd quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock valued at $263,933,000 after buying an additional 2,300,205 shares during the period. Finally, Amundi Pioneer Asset Management Inc. raised its holdings in Time Warner by 57.0% during the 4th quarter. Amundi Pioneer Asset Management Inc. now owns 5,407,088 shares of the media conglomerate’s stock valued at $494,586,000 after buying an additional 1,962,423 shares during the period. 78.66% of the stock is currently owned by institutional investors and hedge funds.
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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.
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