Rosenblatt Securities upgraded shares of Time Warner Inc. (NYSE:TWX) from a neutral rating to a buy rating in a research report released on Monday morning, MarketBeat Ratings reports. Rosenblatt Securities currently has $103.00 price objective on the media conglomerate’s stock.
TWX has been the topic of several other research reports. Zacks Investment Research cut shares of Time Warner from a hold rating to a sell rating in a research note on Tuesday, October 17th. Credit Suisse Group cut shares of Time Warner from an outperform rating to a neutral rating and set a $107.50 target price on the stock. in a research note on Monday, September 18th. Cowen and Company reaffirmed a hold rating and issued a $102.00 price objective on shares of Time Warner in a research note on Friday, October 27th. Sanford C. Bernstein reaffirmed a market perform rating on shares of Time Warner in a research note on Tuesday, September 12th. Finally, Jefferies Group LLC reaffirmed a hold rating and issued a $105.00 price objective on shares of Time Warner in a research note on Sunday, September 10th. Twenty-two analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Time Warner presently has a consensus rating of Hold and an average target price of $103.73.
Time Warner (TWX) traded up $0.64 during mid-day trading on Monday, hitting $88.01. 13,555,700 shares of the company were exchanged, compared to its average volume of 4,638,046. The firm has a market cap of $69,370.00, a PE ratio of 14.42, a PEG ratio of 1.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.26 and a current ratio of 1.48. Time Warner has a 1-year low of $85.88 and a 1-year high of $103.90.
Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.59 by $0.23. The firm had revenue of $7.60 billion for the quarter, compared to analysts’ expectations of $7.40 billion. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. Time Warner’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter last year, the company earned $1.83 EPS. analysts expect that Time Warner will post 6.2 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were paid a dividend of $0.4025 per share. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.83%. Time Warner’s dividend payout ratio is currently 30.61%.
Large investors have recently modified their holdings of the company. IHT Wealth Management LLC boosted its stake in shares of Time Warner by 98.0% in the 2nd quarter. IHT Wealth Management LLC now owns 808 shares of the media conglomerate’s stock valued at $335,000 after purchasing an additional 400 shares in the last quarter. Jacobi Capital Management LLC boosted its stake in shares of Time Warner by 2.1% in the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock valued at $100,000 after purchasing an additional 20 shares in the last quarter. Bank of Nova Scotia Trust Co. acquired a new stake in shares of Time Warner in the 3rd quarter valued at $102,000. Americafirst Capital Management LLC acquired a new stake in shares of Time Warner in the 3rd quarter valued at $106,000. Finally, Bellwether Investment Group LLC boosted its stake in shares of Time Warner by 15.6% in the 1st quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock valued at $106,000 after purchasing an additional 146 shares in the last quarter. Institutional investors own 78.46% 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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