Time Warner Inc. (TWX) Reaches New 1-Year High at $102.74

Shares of Time Warner Inc. (NYSE:TWX) reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $102.74 and last traded at $102.73, with a volume of 2,908,242 shares traded. The stock had previously closed at $101.65.

Several research firms have recently issued reports on TWX. BMO Capital Markets reissued a “hold” rating and set a $108.00 target price on shares of Time Warner in a report on Monday, April 17th. Royal Bank Of Canada set a $108.00 target price on Time Warner and gave the stock a “hold” rating in a report on Monday, June 12th. MKM Partners reissued a “neutral” rating and set a $107.50 target price (up from $90.00) on shares of Time Warner in a report on Monday, May 1st. Jefferies Group LLC lowered Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price on the stock. in a report on Thursday, August 3rd. Finally, Rosenblatt Securities reissued a “neutral” rating and set a $105.00 target price on shares of Time Warner in a report on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, twenty-five have given a hold rating, eight have issued a buy rating and one has issued a strong buy rating to the company. Time Warner currently has a consensus rating of “Hold” and a consensus target price of $102.25.

The firm has a market capitalization of $79.39 billion, a price-to-earnings ratio of 18.94 and a beta of 1.05. The company has a 50 day moving average of $100.48 and a 200-day moving average of $98.63.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, beating analysts’ consensus estimates of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to analyst estimates of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. Time Warner’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.29 EPS. Equities analysts forecast that Time Warner Inc. will post $6.09 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were given a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.58%. The ex-dividend date of this dividend was Thursday, July 6th. Time Warner’s payout ratio is 29.98%.

In other Time Warner news, CFO Howard M. Averill purchased 255 shares of the stock in a transaction on Thursday, June 15th. The stock was acquired at an average price of $99.67 per share, with a total value of $25,415.85. Following the transaction, the chief financial officer now directly owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.16% of the company’s stock.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. First Bank & Trust raised its position in shares of Time Warner by 0.3% in the first quarter. First Bank & Trust now owns 3,396 shares of the media conglomerate’s stock valued at $332,000 after buying an additional 9 shares in the last quarter. Stillwater Investment Management LLC raised its position in shares of Time Warner by 0.4% in the second quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock valued at $240,000 after buying an additional 9 shares in the last quarter. Park National Corp OH raised its position in shares of Time Warner by 0.6% in the second quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock valued at $248,000 after buying an additional 14 shares in the last quarter. Integrated Wealth Management raised its position in shares of Time Warner by 0.8% in the first quarter. Integrated Wealth Management now owns 2,132 shares of the media conglomerate’s stock valued at $209,000 after buying an additional 17 shares in the last quarter. Finally, North Star Investment Management Corp. raised its position in shares of Time Warner by 1.1% in the second quarter. North Star Investment Management Corp. now owns 2,767 shares of the media conglomerate’s stock valued at $278,000 after buying an additional 30 shares in the last quarter. 80.02% of the stock is 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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