Time Warner Inc. (TWX) Receives $107.32 Consensus Target Price from Analysts

Time Warner Inc. (NYSE:TWX) has received a consensus rating of “Hold” from the twenty-nine research firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $106.65.

A number of research analysts have recently weighed in on the company. Royal Bank Of Canada restated a “hold” rating and issued a $102.00 price target on shares of Time Warner in a research report on Friday. Cowen and Company restated a “hold” rating and issued a $102.00 price target on shares of Time Warner in a research report on Friday. ValuEngine cut Time Warner from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research cut Time Warner from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Finally, KeyCorp restated a “hold” rating on shares of Time Warner in a research report on Tuesday, October 17th.

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Institutional investors have recently added to or reduced their stakes in the stock. Legal & General Group Plc lifted its position in Time Warner by 2.6% during the 2nd quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock worth $397,891,000 after acquiring an additional 99,059 shares in the last quarter. Segantii Capital Management Ltd acquired a new position in Time Warner during the 2nd quarter worth approximately $33,886,000. Blair William & Co. IL lifted its position in Time Warner by 27.9% during the 2nd quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock worth $3,728,000 after acquiring an additional 8,096 shares in the last quarter. State of Wisconsin Investment Board lifted its position in Time Warner by 1.3% during the 2nd quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock worth $90,137,000 after acquiring an additional 11,740 shares in the last quarter. Finally, Lazard Asset Management LLC lifted its position in Time Warner by 18.3% during the 1st quarter. Lazard Asset Management LLC now owns 292,795 shares of the media conglomerate’s stock worth $28,608,000 after acquiring an additional 45,243 shares in the last quarter. 79.11% of the stock is currently owned by hedge funds and other institutional investors.

Time Warner (TWX) traded down 0.18% during trading on Thursday, hitting $98.79. 9,898,603 shares of the stock traded hands. The firm’s 50-day moving average is $101.87 and its 200-day moving average is $100.53. The stock has a market cap of $76.84 billion, a P/E ratio of 18.33 and a beta of 1.02. Time Warner has a 12 month low of $85.22 and a 12 month high of $103.90.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, beating analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a return on equity of 18.94% and a net margin of 13.59%. The business had revenue of $7.60 billion during the quarter, compared to analysts’ expectations of $7.40 billion. During the same quarter last year, the business posted $1.83 earnings per share. The business’s revenue for the quarter was up 6.0% on a year-over-year basis. On average, analysts forecast that Time Warner will post $6.13 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be given a dividend of $0.4025 per share. This represents a $1.61 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend is Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is presently 30.73%.

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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