Traders sold shares of Time Warner Inc. (NYSE:TWX) on strength during trading on Wednesday. $57.72 million flowed into the stock on the tick-up and $185.43 million flowed out of the stock on the tick-down, for a money net flow of $127.71 million out of the stock. Of all equities tracked, Time Warner had the 0th highest net out-flow for the day. Time Warner traded up $0.03 for the day and closed at $103.38
Several equities analysts have weighed in on TWX shares. Royal Bank Of Canada reissued a “hold” rating and issued a $108.00 target price on shares of Time Warner in a research note on Friday, July 14th. BidaskClub lowered Time Warner from a “buy” rating to a “hold” rating in a research report on Wednesday, July 19th. Sanford C. Bernstein reaffirmed a “market perform” rating on shares of Time Warner in a research report on Tuesday, September 12th. Morgan Stanley reaffirmed an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Finally, Credit Suisse Group lowered Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target on the stock. in a research report on Monday, September 18th. One equities research analyst has rated the stock with a sell rating, twenty-seven have assigned a hold rating and seven have assigned a buy rating to the stock. Time Warner has an average rating of “Hold” and an average price target of $102.91.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, topping analysts’ consensus estimates of $1.19 by $0.14. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The business had revenue of $7.33 billion for the quarter, compared to the consensus estimate of $7.29 billion. During the same period in the prior year, the business earned $1.29 EPS. The firm’s revenue for the quarter was up 5.4% on a year-over-year basis.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, November 1st. Investors of record on Tuesday, October 10th will be paid a dividend of $0.4025 per share. This represents a $1.61 dividend on an annualized basis and a yield of 1.59%. The ex-dividend date is Friday, October 6th. Time Warner’s dividend payout ratio (DPR) is currently 29.98%.
A number of hedge funds have recently bought and sold shares of the stock. Stillwater Investment Management LLC raised its stake in Time Warner by 0.4% during the 2nd quarter. Stillwater Investment Management LLC now owns 2,388 shares of the media conglomerate’s stock worth $240,000 after buying an additional 9 shares during the period. Park National Corp OH raised its stake in Time Warner by 0.6% during the 2nd quarter. Park National Corp OH now owns 2,467 shares of the media conglomerate’s stock worth $248,000 after buying an additional 14 shares during the period. Jacobi Capital Management LLC raised its stake in Time Warner by 2.1% during the 2nd quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after buying an additional 20 shares during the period. Aureus Asset Management LLC raised its stake in Time Warner by 0.7% during the 2nd quarter. Aureus Asset Management LLC now owns 3,582 shares of the media conglomerate’s stock worth $360,000 after buying an additional 25 shares during the period. Finally, Advisory Services Network LLC raised its stake in Time Warner by 1.8% during the 2nd quarter. Advisory Services Network LLC now owns 1,439 shares of the media conglomerate’s stock worth $144,000 after buying an additional 26 shares during the period. 79.19% of the stock is currently owned by institutional investors and hedge funds.
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About Time Warner
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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