Time Warner (TWX) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Time Warner (NYSE:TWX) have been assigned an average rating of “Hold” from the twenty-seven brokerages that are currently covering the firm, MarketBeat.com reports. Fifteen investment analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $104.44.

Several equities research analysts have commented on TWX shares. ValuEngine lowered Time Warner from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Zacks Investment Research upgraded Time Warner from a “sell” rating to a “hold” rating in a research report on Saturday, January 6th. Pivotal Research restated a “buy” rating and issued a $108.00 price objective (up previously from $103.00) on shares of Time Warner in a research report on Tuesday, January 9th. UBS upgraded Time Warner from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $95.26 to $108.00 in a research report on Monday, March 12th. Finally, Barrington Research restated a “buy” rating on shares of Time Warner in a research report on Thursday.

In other news, Director Deborah C. Wright sold 4,019 shares of the stock in a transaction that occurred on Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the transaction, the director now owns 27,785 shares in the company, valued at approximately $2,600,953.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.16% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in Time Warner by 1.8% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 31,507 shares of the media conglomerate’s stock valued at $2,882,000 after purchasing an additional 544 shares during the last quarter. Summit X LLC raised its stake in Time Warner by 23.5% in the 4th quarter. Summit X LLC now owns 3,020 shares of the media conglomerate’s stock valued at $278,000 after purchasing an additional 575 shares during the last quarter. HL Financial Services LLC raised its stake in Time Warner by 18.6% in the 4th quarter. HL Financial Services LLC now owns 4,002 shares of the media conglomerate’s stock valued at $366,000 after purchasing an additional 628 shares during the last quarter. ZWJ Investment Counsel Inc. raised its stake in Time Warner by 18.6% in the 4th quarter. ZWJ Investment Counsel Inc. now owns 4,310 shares of the media conglomerate’s stock valued at $394,000 after purchasing an additional 677 shares during the last quarter. Finally, BTIM Corp. raised its stake in Time Warner by 28.6% in the 4th quarter. BTIM Corp. now owns 3,150 shares of the media conglomerate’s stock valued at $288,000 after purchasing an additional 700 shares during the last quarter. 80.85% of the stock is owned by hedge funds and other institutional investors.

NYSE TWX traded down $2.61 during trading hours on Thursday, reaching $93.67. The stock had a trading volume of 9,454,933 shares, compared to its average volume of 5,196,443. The firm has a market cap of $74,896.95, a P/E ratio of 14.59, a P/E/G ratio of 1.88 and a beta of 0.88. Time Warner has a 52-week low of $85.88 and a 52-week high of $103.90. The company has a quick ratio of 0.91, a current ratio of 1.08 and a debt-to-equity ratio of 0.64.

Time Warner (NYSE:TWX) last released its quarterly earnings data on Thursday, April 26th. The media conglomerate reported $2.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.74 by $0.54. Time Warner had a return on equity of 18.96% and a net margin of 16.78%. The business had revenue of $8 billion for the quarter, compared to analyst estimates of $7.93 billion. During the same quarter in the prior year, the firm posted $1.66 EPS. The business’s quarterly revenue was up 3.4% compared to the same quarter last year. research analysts expect that Time Warner will post 7.69 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be given a dividend of $0.4025 per share. This is a positive change from Time Warner’s previous quarterly dividend of $0.32. The ex-dividend date is Monday, April 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.72%. Time Warner’s dividend payout ratio (DPR) is 25.08%.

Time Warner Company Profile

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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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