Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reiterated by Royal Bank Of Canada in a report released on Friday, July 14th. They presently have a $108.00 price target on the media conglomerate’s stock. Royal Bank Of Canada’s target price would suggest a potential upside of 5.71% from the company’s current price.
Other equities analysts also recently issued reports about the stock. BidaskClub downgraded shares of Time Warner from a “strong-buy” rating to a “buy” rating in a research note on Thursday, July 13th. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 target price on the stock in a research note on Thursday, July 13th. Jefferies Group LLC reaffirmed a “buy” rating and set a $105.00 target price on shares of Time Warner in a research note on Monday, May 22nd. FBR & Co reiterated a “buy” rating and set a $107.50 price target on shares of Time Warner in a research report on Friday, April 7th. Finally, Pivotal Research cut shares of Time Warner from a “buy” rating to a “hold” rating and lifted their price target for the company from $100.00 to $107.50 in a research report on Thursday, April 20th. One research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $102.25.
Shares of Time Warner (NYSE:TWX) traded down 0.25% during mid-day trading on Friday, reaching $102.17. 3,485,774 shares of the company’s stock traded hands. Time Warner has a 12-month low of $74.27 and a 12-month high of $103.34. The company’s 50 day moving average is $100.48 and its 200 day moving average is $98.63. The company has a market cap of $79.39 billion, a P/E ratio of 18.94 and a beta of 1.05.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company’s revenue for the quarter was up 5.4% on a year-over-year basis. During the same period last year, the firm posted $1.29 earnings per share. On average, analysts predict that Time Warner will post $6.09 EPS for the current fiscal year.
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In related news, CFO Howard M. Averill bought 255 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were bought at an average cost of $99.67 per share, for a total transaction of $25,415.85. Following the completion of the purchase, the chief financial officer now owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.16% of the company’s stock.
Several large investors have recently modified their holdings of the stock. BlackRock Inc. boosted its stake in shares of Time Warner by 2,169.2% in the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after buying an additional 40,940,053 shares in the last quarter. Dodge & Cox purchased a new position in Time Warner during the fourth quarter worth about $3,124,831,000. Norges Bank purchased a new position in Time Warner during the fourth quarter worth about $591,981,000. Canyon Capital Advisors LLC raised its position in Time Warner by 397.0% in the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock worth $556,541,000 after buying an additional 4,549,848 shares during the last quarter. Finally, OZ Management LP boosted its position in shares of Time Warner by 98.2% in the first quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock worth $610,049,000 after buying an additional 3,093,353 shares in the last quarter. Institutional investors and hedge funds own 80.02% of the company’s stock.
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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