Time Warner’s (NYSE:TWX) “Hold” Rating Reaffirmed at Jefferies Group LLC

Time Warner Inc. (NYSE:TWX)‘s stock had its “hold” rating reaffirmed by Jefferies Group LLC in a research report issued to clients and investors on Sunday, July 30th, Marketbeat.com reports. They presently have a $105.00 price target on the media conglomerate’s stock, up from their prior price target of $102.42. Jefferies Group LLC’s target price indicates a potential upside of 3.77% from the company’s previous close.

TWX has been the subject of several other reports. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a research note on Thursday, July 6th. Rosenblatt Securities initiated coverage on shares of Time Warner in a research note on Tuesday, April 4th. They set a “neutral” rating and a $105.00 target price for the company. Pivotal Research lowered shares of Time Warner from a “buy” rating to a “hold” rating and increased their price objective for the company from $100.00 to $107.50 in a research report on Thursday, April 20th. BMO Capital Markets reiterated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Friday, May 19th. Finally, FBR & Co reiterated a “buy” rating and set a $107.50 price objective on shares of Time Warner in a research report on Friday, April 7th. One 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 given a strong buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $102.25.

Shares of Time Warner (NYSE TWX) opened at 101.19 on Friday. Time Warner has a 12-month low of $74.27 and a 12-month high of $103.34. The stock’s 50 day moving average is $101.16 and its 200-day moving average is $99.06. The company has a market capitalization of $78.71 billion, a P/E ratio of 18.77 and a beta of 1.05.

Time Warner (NYSE:TWX) last posted its earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The company had revenue of $7.33 billion during the quarter, compared to analysts’ expectations of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. Time Warner’s quarterly revenue was up 5.4% on a year-over-year basis. During the same period last year, the company posted $1.29 earnings per share. Analysts anticipate that Time Warner will post $6.10 earnings per share for the current year.

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In other Time Warner news, CFO Howard M. Averill bought 255 shares of the business’s stock in a transaction on Thursday, June 15th. The shares were 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 owns 63,399 shares of the company’s stock, valued at approximately $6,318,978.33. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. First Bank & Trust increased 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 worth $332,000 after buying an additional 9 shares during the last quarter. Stillwater Investment Management LLC increased 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 worth $240,000 after buying an additional 9 shares during the last quarter. Park National Corp OH increased 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 worth $248,000 after buying an additional 14 shares during the last quarter. Integrated Wealth Management increased 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 worth $209,000 after buying an additional 17 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its position in shares of Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares during the last quarter. 78.76% of the stock is currently owned by institutional investors and hedge funds.

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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