Traders Buy Time Warner (TWX) on Weakness

Investors purchased shares of Time Warner (NYSE:TWX) on weakness during trading on Tuesday. $105.46 million flowed into the stock on the tick-up and $50.91 million flowed out of the stock on the tick-down, for a money net flow of $54.55 million into the stock. Of all stocks tracked, Time Warner had the 29th highest net in-flow for the day. Time Warner traded down ($0.32) for the day and closed at $96.04

Several research firms have recently weighed in on TWX. Barclays set a $100.00 price target on shares of Time Warner and gave the company a “hold” rating in a report on Tuesday, January 23rd. Loop Capital began coverage on shares of Time Warner in a report on Thursday, March 15th. They issued a “buy” rating and a $107.50 price target for the company. Wells Fargo reiterated a “market perform” rating and issued a $98.00 price target (up previously from $84.00) on shares of Time Warner in a report on Thursday, January 4th. Barrington Research reiterated a “buy” rating on shares of Time Warner in a report on Tuesday, April 17th. Finally, Pivotal Research reiterated a “buy” rating and issued a $108.00 price target on shares of Time Warner in a report on Thursday, February 1st. Fifteen investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $104.44.

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The company has a market cap of $74,896.95, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 1.88 and a beta of 0.88. The company has a current ratio of 1.08, a quick ratio of 0.91 and a debt-to-equity ratio of 0.64.

Time Warner (NYSE:TWX) last announced its quarterly earnings results on Thursday, April 26th. The media conglomerate reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $1.74 by $0.54. The firm had revenue of $8 billion during the quarter, compared to analysts’ expectations of $7.93 billion. Time Warner had a net margin of 16.78% and a return on equity of 18.96%. The company’s revenue for the quarter was up 3.4% compared to the same quarter last year. During the same quarter last year, the company posted $1.66 earnings per share. equities research analysts expect that Time Warner will post 7.69 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be paid a $0.4025 dividend. The ex-dividend date of this dividend is Monday, April 9th. This represents a $1.61 dividend on an annualized basis and a yield of 1.72%. This is a boost from Time Warner’s previous quarterly dividend of $0.32. Time Warner’s dividend payout ratio (DPR) is currently 25.08%.

In other Time Warner news, Director Deborah C. Wright sold 4,019 shares of the stock in a transaction on Monday, February 12th. The shares were sold at an average price of $93.61, for a total value of $376,218.59. Following the completion of the sale, the director now owns 27,785 shares in the company, valued at $2,600,953.85. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.16% of the company’s stock.

A number of hedge funds have recently made changes to their positions in TWX. Viking Global Investors LP acquired a new stake in Time Warner in the fourth quarter valued at $420,390,000. Canyon Capital Advisors LLC raised its position in shares of Time Warner by 60.1% in the fourth quarter. Canyon Capital Advisors LLC now owns 9,053,982 shares of the media conglomerate’s stock valued at $828,168,000 after purchasing an additional 3,398,928 shares during the period. Abrams Capital Management L.P. bought a new position in shares of Time Warner in the fourth quarter valued at about $272,639,000. Amundi Pioneer Asset Management Inc. raised its position in shares of Time Warner by 57.0% in the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 5,407,088 shares of the media conglomerate’s stock valued at $494,586,000 after purchasing an additional 1,962,423 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Time Warner by 13.9% in the fourth quarter. Franklin Resources Inc. now owns 13,882,043 shares of the media conglomerate’s stock valued at $1,269,791,000 after purchasing an additional 1,695,787 shares during the period. Hedge funds and other institutional investors own 80.85% of the company’s stock.

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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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