Investors Buy Time Warner (TWX) on Weakness

Traders bought shares of Time Warner (NYSE:TWX) on weakness during trading on Wednesday. $111.31 million flowed into the stock on the tick-up and $64.91 million flowed out of the stock on the tick-down, for a money net flow of $46.40 million into the stock. Of all companies tracked, Time Warner had the 22nd highest net in-flow for the day. Time Warner traded down ($0.43) for the day and closed at $94.00

Several equities analysts have issued reports on TWX shares. ValuEngine lowered Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Barclays reaffirmed a “hold” rating and set a $98.00 price objective on shares of Time Warner in a report on Monday, April 30th. Zacks Investment Research lowered Time Warner from a “buy” rating to a “hold” rating in a report on Tuesday, May 1st. Pivotal Research lowered Time Warner from a “buy” rating to a “hold” rating and dropped their price objective for the stock from $108.00 to $105.00 in a report on Tuesday, April 17th. Finally, UBS raised Time Warner from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $95.26 to $108.00 in a report on Monday, March 12th. Sixteen analysts have rated the stock with a hold rating and ten have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $104.19.

The company has a current ratio of 1.17, a quick ratio of 1.01 and a debt-to-equity ratio of 0.62. The stock has a market cap of $74.12 billion, a P/E ratio of 14.64, a PEG ratio of 1.76 and a beta of 0.87.

Time Warner (NYSE:TWX) last announced its quarterly earnings data on Thursday, April 26th. The media conglomerate reported $2.28 EPS for the quarter, beating the Zacks’ consensus estimate of $1.74 by $0.54. The firm had revenue of $8 billion during the quarter, compared to the consensus estimate of $7.93 billion. Time Warner had a net margin of 17.33% and a return on equity of 19.99%. The firm’s revenue was up 3.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.66 earnings per share. research analysts forecast that Time Warner will post 8.09 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th were given a $0.4025 dividend. The ex-dividend date of this dividend was Monday, April 9th. This represents a $1.61 dividend on an annualized basis and a yield of 1.71%. This is an increase from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio (DPR) is presently 25.08%.

Large investors have recently made changes to their positions in the stock. Cheyne Capital Management UK LLP lifted its position in Time Warner by 29.9% in the fourth quarter. Cheyne Capital Management UK LLP now owns 263,513 shares of the media conglomerate’s stock valued at $24,135,000 after purchasing an additional 60,600 shares during the period. First Trust Advisors LP lifted its position in shares of Time Warner by 26.5% during the 4th quarter. First Trust Advisors LP now owns 16,514 shares of the media conglomerate’s stock valued at $1,511,000 after acquiring an additional 3,464 shares during the period. Investors Research Corp acquired a new stake in shares of Time Warner during the 4th quarter valued at approximately $378,000. Narwhal Capital Management lifted its position in shares of Time Warner by 53.7% during the 4th quarter. Narwhal Capital Management now owns 31,925 shares of the media conglomerate’s stock valued at $2,925,000 after acquiring an additional 11,160 shares during the period. Finally, Opera Trading Capital acquired a new stake in shares of Time Warner during the 4th quarter valued at approximately $889,000. Hedge funds and other institutional investors own 78.99% of the company’s stock.

Time Warner Company Profile

Time Warner Inc operates as a media and entertainment company in the United States and internationally. It operates through three segments: Turner, Home Box Office, and Warner Bros. The Turner segment creates and programs branded news, entertainment, sports, and kids multi-platform content for consumers.

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