Pivotal Research Lowers Time Warner (TWX) to Hold

Pivotal Research downgraded shares of Time Warner (NYSE:TWX) from a buy rating to a hold rating in a research report report published on Tuesday morning, MarketBeat Ratings reports. Pivotal Research currently has $105.00 target price on the media conglomerate’s stock, down from their previous target price of $108.00.

Several other brokerages have also recently issued reports on TWX. ValuEngine cut shares of Time Warner from a buy rating to a hold rating in a report on Friday, February 2nd. Zacks Investment Research upgraded shares of Time Warner from a sell rating to a hold rating in a report on Saturday, January 6th. UBS upgraded shares of Time Warner from a neutral rating to a buy rating and raised their target price for the stock from $95.26 to $108.00 in a report on Monday, March 12th. Moffett Nathanson upgraded shares of Time Warner from a neutral rating to a buy rating in a report on Wednesday, January 31st. Finally, Guggenheim restated a buy rating on shares of Time Warner in a report on Thursday, January 4th. Fifteen analysts have rated the stock with a hold rating and twelve have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and a consensus target price of $104.44.

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Shares of Time Warner stock opened at $96.58 on Tuesday. 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 has a 52-week low of $85.88 and a 52-week high of $103.90. The company has a market capitalization of $75,965.34, a PE ratio of 15.04, a PEG ratio of 1.51 and a beta of 0.88.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 1st. Shareholders of record on Tuesday, April 10th will be given a dividend of $0.4025 per share. The ex-dividend date is Monday, April 9th. This represents a $1.61 annualized dividend and a yield of 1.67%. This is a positive change 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 firm’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $93.61, for a total transaction of $376,218.59. Following the completion of the transaction, the director now owns 27,785 shares of the company’s stock, valued at $2,600,953.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.16% of the company’s stock.

A number of institutional investors have recently made changes to their positions in the business. OTA Financial Group L.P. purchased a new position in Time Warner during the fourth quarter valued at $987,000. Penbrook Management LLC purchased a new position in Time Warner during the fourth quarter valued at $1,162,000. Xact Kapitalforvaltning AB lifted its position in Time Warner by 4.3% during the fourth quarter. Xact Kapitalforvaltning AB now owns 174,573 shares of the media conglomerate’s stock valued at $15,968,000 after buying an additional 7,197 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in Time Warner by 5.4% during the fourth quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 505,079 shares of the media conglomerate’s stock valued at $46,200,000 after buying an additional 26,100 shares during the period. Finally, SevenBridge Financial Group LLC purchased a new position in Time Warner during the fourth quarter valued at $729,000. 80.87% of the stock is owned by institutional investors and hedge funds.

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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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