Analysts Set Time Warner (TWX) Target Price at $104.44

Time Warner (NYSE:TWX) has been given an average rating of “Hold” by the twenty-seven analysts that are presently covering the company, Marketbeat Ratings reports. Fifteen equities research analysts have rated the stock with a hold rating and twelve have issued a buy rating on the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $104.44.

Several brokerages have commented on TWX. Barrington Research restated a “buy” rating on shares of Time Warner in a research report on Tuesday, April 17th. Pivotal Research downgraded shares of Time Warner from a “buy” rating to a “hold” rating and lowered their price objective for the company from $108.00 to $105.00 in a research report on Tuesday, April 17th. Loop Capital began coverage on shares of Time Warner in a research report on Thursday, March 15th. They set a “buy” rating and a $107.50 price objective for the company. Barclays boosted their price objective on shares of Time Warner from $100.00 to $101.00 and gave the company an “overweight” rating in a research report on Friday, February 2nd. Finally, Wells Fargo restated a “market perform” rating and set a $98.00 price objective (up from $84.00) on shares of Time Warner in a research report on Thursday, January 4th.

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In other news, Director William P. Barr sold 4,019 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $97.20, for a total transaction of $390,646.80. Following the completion of the transaction, the director now directly owns 44,959 shares in the company, valued at $4,370,014.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.16% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the stock. Cheyne Capital Management UK LLP grew its stake in shares of 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 worth $24,135,000 after purchasing an additional 60,600 shares during the last quarter. First Trust Advisors LP grew its stake in shares of Time Warner by 26.5% in the fourth quarter. First Trust Advisors LP now owns 16,514 shares of the media conglomerate’s stock worth $1,511,000 after purchasing an additional 3,464 shares during the last quarter. Investors Research Corp bought a new stake in shares of Time Warner in the fourth quarter worth $378,000. Narwhal Capital Management grew its stake in shares of Time Warner by 53.7% in the fourth quarter. Narwhal Capital Management now owns 31,925 shares of the media conglomerate’s stock worth $2,925,000 after purchasing an additional 11,160 shares during the last quarter. Finally, Opera Trading Capital bought a new stake in shares of Time Warner in the fourth quarter worth $889,000. 80.87% of the stock is currently owned by institutional investors.

NYSE TWX opened at $96.24 on Thursday. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.08 and a quick ratio of 0.91. Time Warner has a 1-year low of $85.88 and a 1-year high of $103.90. The company has a market capitalization of $75,052.95, a PE ratio of 14.99, a price-to-earnings-growth ratio of 1.89 and a beta of 0.88.

Time Warner (NYSE:TWX) last released its quarterly earnings results on Thursday, February 1st. The media conglomerate reported $1.60 earnings per share for the quarter, beating analysts’ consensus estimates of $1.44 by $0.16. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The company had revenue of $8.61 billion during the quarter, compared to the consensus estimate of $8.41 billion. During the same period in the previous year, the business earned $1.25 earnings per share. The firm’s quarterly revenue was up 9.1% on a year-over-year basis. sell-side analysts anticipate that Time Warner will post 7.69 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Stockholders of record on Tuesday, April 10th will be issued a dividend of $0.4025 per share. The ex-dividend date is Monday, April 9th. This is an increase from Time Warner’s previous quarterly dividend of $0.32. This represents a $1.61 annualized dividend and a dividend yield of 1.67%. Time Warner’s dividend payout ratio is 25.08%.

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About Time Warner

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.

Analyst Recommendations for Time Warner (NYSE:TWX)

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