Investors Buy Time Warner (TWX) on Weakness

Investors bought shares of Time Warner Inc (NYSE:TWX) on weakness during trading hours on Tuesday. $68.64 million flowed into the stock on the tick-up and $17.97 million flowed out of the stock on the tick-down, for a money net flow of $50.67 million into the stock. Of all equities tracked, Time Warner had the 12th highest net in-flow for the day. Time Warner traded down ($0.73) for the day and closed at $91.65

TWX has been the subject of a number of research reports. Rosenblatt Securities raised shares of Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price target for the company in a research report on Monday, November 13th. Zacks Investment Research cut shares of Time Warner from a “hold” rating to a “sell” rating in a research report on Tuesday, October 17th. Credit Suisse Group cut shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target for the company. in a research report on Monday, September 18th. Cowen reaffirmed a “hold” rating and issued a $102.00 target price on shares of Time Warner in a report on Friday, October 27th. Finally, Deutsche Bank reaffirmed a “buy” rating and issued a $99.00 target price on shares of Time Warner in a report on Friday, November 10th. Twenty-three research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Time Warner currently has a consensus rating of “Hold” and an average target price of $104.33.

The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26. The stock has a market capitalization of $71,926.42, a P/E ratio of 17.49, a PEG ratio of 1.46 and a beta of 0.95.

Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. Time Warner had a net margin of 13.59% and a return on equity of 18.57%. The business had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same period in the previous year, the business posted $1.83 earnings per share. The business’s revenue was up 6.0% compared to the same quarter last year. sell-side analysts expect that Time Warner Inc will post 6.18 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, February 1st. Stockholders of record on Wednesday, January 10th will be paid a dividend of $0.4025 per share. The ex-dividend date is Tuesday, January 9th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.76%. Time Warner’s dividend payout ratio (DPR) is 30.73%.

In other Time Warner news, insider Olaf Olafsson sold 23,450 shares of the company’s stock in a transaction dated Thursday, December 14th. The shares were sold at an average price of $90.03, for a total transaction of $2,111,203.50. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, CEO Jeffrey L. Bewkes sold 329,478 shares of the company’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $90.65, for a total transaction of $29,867,180.70. Following the transaction, the chief executive officer now owns 855,925 shares in the company, valued at $77,589,601.25. The disclosure for this sale can be found here. Corporate insiders own 0.16% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in TWX. Beach Investment Management LLC. purchased a new stake in shares of Time Warner in the second quarter valued at about $3,859,000. Barrett Asset Management LLC lifted its stake in shares of Time Warner by 0.8% during the second quarter. Barrett Asset Management LLC now owns 148,860 shares of the media conglomerate’s stock valued at $14,947,000 after buying an additional 1,252 shares during the period. Pioneer Investment Management Inc. lifted its stake in shares of Time Warner by 4.3% during the second quarter. Pioneer Investment Management Inc. now owns 4,002,818 shares of the media conglomerate’s stock valued at $401,923,000 after buying an additional 165,050 shares during the period. Global X Management Co. LLC lifted its stake in shares of Time Warner by 155.4% during the second quarter. Global X Management Co. LLC now owns 17,859 shares of the media conglomerate’s stock valued at $1,793,000 after buying an additional 10,866 shares during the period. Finally, Joel Isaacson & Co. LLC purchased a new position in shares of Time Warner during the second quarter valued at approximately $205,000. 77.83% of the stock is currently owned by institutional investors.

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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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