Investors Sell Shares of Time Warner Inc. (NYSE:TWX) on Strength (NYSE:TWX)

Investors sold shares of Time Warner Inc. (NYSE:TWX) on strength during trading on Monday. $60.74 million flowed into the stock on the tick-up and $95.12 million flowed out of the stock on the tick-down, for a money net flow of $34.38 million out of the stock. Of all companies tracked, Time Warner had the 0th highest net out-flow for the day. Time Warner traded up $0.64 for the day and closed at $100.11

TWX has been the subject of several recent research reports. Jefferies Group LLC restated a “buy” rating and set a $105.00 target price on shares of Time Warner in a report on Monday, May 22nd. BidaskClub downgraded shares of Time Warner from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 13th. Zacks Investment Research upgraded shares of Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price target for the company in a report on Thursday, July 13th. Barclays PLC downgraded shares of Time Warner from an “overweight” rating to an “equal weight” rating and lifted their price target for the stock from $95.00 to $107.00 in a report on Friday, August 4th. Finally, Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research report on Friday, July 14th. One equities research analyst has rated the stock with a sell rating, twenty-five have assigned a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $102.25.

The firm’s 50 day moving average price is $101.16 and its 200 day moving average price is $99.06. The firm 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 announced its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion for 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%. The company’s quarterly revenue was up 5.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.29 earnings per share. On average, analysts anticipate that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 1st. Shareholders of record on Monday, July 10th were issued a $0.4025 dividend. The ex-dividend date was Thursday, July 6th. This represents a $1.61 annualized dividend and a yield of 1.59%. Time Warner’s payout ratio is currently 29.98%.

In other news, CFO Howard M. Averill purchased 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, for a total transaction of $25,415.85. Following the completion of the acquisition, the chief financial officer now owns 63,399 shares in the company, valued at $6,318,978.33. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. 0.16% of the stock is currently owned by corporate insiders.

Several hedge funds have recently modified their holdings of TWX. Quantitative Systematic Strategies LLC increased its stake in shares of Time Warner by 7.7% in the first quarter. Quantitative Systematic Strategies LLC now owns 19,559 shares of the media conglomerate’s stock valued at $1,911,000 after buying an additional 1,402 shares during the period. Ledyard National Bank increased its stake in shares of Time Warner by 251,000.0% in the first quarter. Ledyard National Bank now owns 2,511 shares of the media conglomerate’s stock valued at $245,000 after buying an additional 2,510 shares during the period. State of Alaska Department of Revenue acquired a new stake in shares of Time Warner during the first quarter worth approximately $10,994,000. Asset Dedication LLC increased its stake in shares of Time Warner by 14.6% in the first quarter. Asset Dedication LLC now owns 1,729 shares of the media conglomerate’s stock worth $169,000 after buying an additional 220 shares during the last quarter. Finally, Windward Capital Management Co. CA increased its stake in shares of Time Warner by 1.7% in the first quarter. Windward Capital Management Co. CA now owns 124,949 shares of the media conglomerate’s stock worth $12,209,000 after buying an additional 2,058 shares during the last quarter. 78.76% of the stock is owned by hedge funds and other institutional investors.

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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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