Traders Buy Time Warner (TWX) on Weakness

Investors purchased 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

A number of equities analysts recently issued reports on TWX shares. UBS raised Time Warner from a “neutral” rating to a “buy” rating and upped their price target for the company from $95.26 to $108.00 in a report on Monday, March 12th. Barrington Research reaffirmed a “buy” rating on shares of Time Warner in a report on Tuesday, April 17th. Pivotal Research lowered their price target on Time Warner from $105.00 to $101.00 and set a “hold” rating for the company in a report on Friday, April 27th. ValuEngine downgraded Time Warner from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Finally, Barclays reaffirmed a “hold” rating and issued a $98.00 price target on shares of Time Warner in a report on Monday, April 30th. Sixteen equities research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $104.19.

The company has a quick ratio of 1.01, a current ratio of 1.17 and a debt-to-equity ratio of 0.62. The firm has a market capitalization of $73.54 billion, a price-to-earnings ratio of 14.68, a price-to-earnings-growth ratio of 1.75 and a beta of 0.87.

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

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 1st. Investors of record on Tuesday, April 10th were issued a dividend of $0.4025 per share. The ex-dividend date was 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 1.71%. Time Warner’s dividend payout ratio (DPR) is currently 25.08%.

Several hedge funds and other institutional investors have recently modified their holdings of TWX. Schwab Charles Investment Management Inc. lifted its holdings in shares of Time Warner by 4.0% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 2,886,170 shares of the media conglomerate’s stock worth $263,998,000 after purchasing an additional 111,634 shares during the period. Strs Ohio raised its position in Time Warner by 12.5% in the fourth quarter. Strs Ohio now owns 499,573 shares of the media conglomerate’s stock worth $45,695,000 after acquiring an additional 55,543 shares in the last quarter. Osborne Partners Capital Management LLC raised its position in Time Warner by 32.9% in the fourth quarter. Osborne Partners Capital Management LLC now owns 98,592 shares of the media conglomerate’s stock worth $9,018,000 after acquiring an additional 24,431 shares in the last quarter. Assenagon Asset Management S.A. raised its position in Time Warner by 61.2% in the fourth quarter. Assenagon Asset Management S.A. now owns 23,558 shares of the media conglomerate’s stock worth $2,155,000 after acquiring an additional 8,947 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. raised its position in Time Warner by 21.1% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 73,860 shares of the media conglomerate’s stock worth $6,755,000 after acquiring an additional 12,854 shares in the last quarter. 78.99% of the stock is owned by hedge funds and other institutional investors.

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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