Time Warner (NYSE:TWX) was downgraded by Pivotal Research from a “buy” rating to a “hold” rating in a research report issued on Tuesday, The Fly reports.
A number of other research firms have also recently issued reports on TWX. Wells Fargo reiterated a “market perform” rating and issued a $98.00 target price (up previously from $84.00) on shares of Time Warner in a research report on Thursday, January 4th. Guggenheim reiterated a “buy” rating on shares of Time Warner in a research report on Thursday, January 4th. Zacks Investment Research upgraded Time Warner from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Barclays set a $100.00 target price on Time Warner and gave the company a “hold” rating in a research report on Tuesday, January 23rd. Finally, Moffett Nathanson upgraded Time Warner from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 31st. Fifteen analysts have rated the stock with a hold rating and twelve have given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $104.61.
Shares of NYSE TWX opened at $97.34 on Tuesday. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64. Time Warner has a 52 week low of $85.88 and a 52 week high of $103.90. The firm has a market capitalization of $75,396.05, a P/E ratio of 15.16, a P/E/G ratio of 1.50 and a beta of 0.87.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 EPS for the quarter, topping the Zacks’ consensus estimate of $1.44 by $0.16. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The company had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. During the same quarter last year, the business earned $1.25 earnings per share. Time Warner’s revenue was up 9.1% on a year-over-year basis. equities analysts anticipate that Time Warner will post 7.68 EPS for the current year.
In other news, Director Deborah C. Wright sold 4,019 shares of Time Warner stock in a transaction dated Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the sale, the director now directly owns 27,785 shares of the company’s stock, valued at $2,600,953.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.16% of the company’s stock.
Several hedge funds have recently made changes to their positions in TWX. Cheyne Capital Management UK LLP lifted its stake in shares of Time Warner by 29.9% in the fourth quarter. Cheyne Capital Management UK LLP now owns 263,513 shares of the media conglomerate’s stock worth $24,135,000 after acquiring an additional 60,600 shares during the period. First Trust Advisors LP lifted its stake in shares of Time Warner by 26.5% in the fourth quarter. First Trust Advisors LP now owns 16,514 shares of the media conglomerate’s stock worth $1,511,000 after acquiring an additional 3,464 shares during the period. Investors Research Corp acquired a new position in shares of Time Warner in the fourth quarter worth approximately $378,000. Narwhal Capital Management lifted its stake in shares of Time Warner by 53.7% in the fourth quarter. Narwhal Capital Management now owns 31,925 shares of the media conglomerate’s stock worth $2,925,000 after acquiring an additional 11,160 shares during the period. Finally, Opera Trading Capital acquired a new position in shares of Time Warner in the fourth quarter worth approximately $889,000. 80.87% of the stock is currently owned by hedge funds and other institutional investors.
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About Time Warner
Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.
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