Time Warner Inc (NYSE:TWX) Director William P. Barr sold 4,019 shares of the company’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $97.20, for a total transaction of $390,646.80. Following the sale, the director now directly owns 44,959 shares of the company’s stock, valued at approximately $4,370,014.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Shares of Time Warner Inc (NYSE TWX) opened at $95.11 on Thursday. The stock has a market cap of $74,050.00, a PE ratio of 17.52, a PEG ratio of 1.30 and a beta of 0.94. Time Warner Inc has a 1 year low of $85.88 and a 1 year high of $103.90. The company has a debt-to-equity ratio of 0.64, a quick ratio of 0.91 and a current ratio of 1.08.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.44 by $0.16. The business had revenue of $8.61 billion for the quarter, compared to analysts’ expectations of $8.41 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The business’s quarterly revenue was up 9.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.25 earnings per share. research analysts expect that Time Warner Inc will post 7.17 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in TWX. IHT Wealth Management LLC grew its position in 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 buying an additional 400 shares during the last quarter. Bank of Nova Scotia Trust Co. purchased a new position in Time Warner in the 3rd quarter valued at $102,000. Americafirst Capital Management LLC purchased a new position in Time Warner in the 3rd quarter valued at $106,000. Zions Bancorporation grew its position in Time Warner by 698.6% in the 3rd quarter. Zions Bancorporation now owns 1,142 shares of the media conglomerate’s stock valued at $117,000 after buying an additional 999 shares during the last quarter. Finally, Advisory Services Network LLC grew its position in Time Warner by 1.8% in the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock valued at $144,000 after buying an additional 26 shares during the last quarter. Institutional investors and hedge funds own 77.55% of the company’s stock.
A number of equities research analysts have recently issued reports on the stock. ValuEngine lowered shares of Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Pivotal Research reaffirmed a “buy” rating and set a $108.00 target price on shares of Time Warner in a report on Thursday, February 1st. Barclays upped their target price on shares of Time Warner from $100.00 to $101.00 and gave the stock an “overweight” rating in a report on Friday, February 2nd. Zacks Investment Research raised shares of Time Warner from a “hold” rating to a “buy” rating and set a $107.00 target price for the company in a report on Tuesday. Finally, Moffett Nathanson raised shares of Time Warner from a “neutral” rating to a “buy” rating in a report on Wednesday, January 31st. Seventeen investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $104.53.
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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