The Time Warner’s (TWX) Hold Rating Reaffirmed at Needham & Company LLC

The Time Warner’s (TWX) Hold Rating Reaffirmed at Needham & Company LLC

Needham & Company LLC reaffirmed their hold rating on shares of Time Warner Inc. (NYSE:TWX) in a report issued on Thursday morning.

Other analysts have also issued research reports about the stock. Brean Capital restated a buy rating on shares of Time Warner in a research report on Tuesday, July 26th. Vetr lowered shares of Time Warner from a strong-buy rating to a buy rating and set a $84.06 target price on the stock. in a research report on Thursday, July 7th. Moffett Nathanson restated a buy rating and set a $87.00 target price on shares of Time Warner in a research report on Thursday, July 7th. Goldman Sachs Group Inc. restated a buy rating on shares of Time Warner in a research report on Wednesday, July 6th. Finally, Drexel Hamilton reaffirmed a buy rating on shares of Time Warner in a research note on Tuesday, July 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, twenty-four have issued a buy rating and one has issued a strong buy rating to the company. Time Warner currently has a consensus rating of Buy and a consensus price target of $86.11.

Time Warner (NYSE:TWX) traded up 0.49% during trading on Thursday, hitting $79.79. 456,490 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $78.09 and its 200 day moving average price is $76.14. Time Warner has a 12-month low of $55.53 and a 12-month high of $81.33. The stock has a market cap of $62.06 billion, a P/E ratio of 15.88 and a beta of 1.21.

Time Warner (NYSE:TWX) last announced its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.16 by $0.13. Time Warner had a net margin of 14.54% and a return on equity of 17.33%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $7.12 billion. During the same quarter last year, the business earned $1.25 earnings per share. Time Warner’s revenue was down 5.4% compared to the same quarter last year. Analysts anticipate that Time Warner will post $5.42 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, September 15th. Investors of record on Wednesday, August 31st were issued a $0.4025 dividend. The ex-dividend date of this dividend was Monday, August 29th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 2.03%. Time Warner’s payout ratio is currently 32.01%.

In related news, insider Karen Magee sold 14,240 shares of the business’s stock in a transaction that occurred on Thursday, August 25th. The shares were sold at an average price of $79.97, for a total value of $1,138,772.80. Following the sale, the insider now directly owns 7,461 shares in the company, valued at approximately $596,656.17. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paul T. Cappuccio sold 56,595 shares of the business’s stock in a transaction that occurred on Wednesday, September 7th. The stock was sold at an average price of $78.24, for a total transaction of $4,427,992.80. Following the completion of the sale, the executive vice president now owns 157,877 shares in the company, valued at $12,352,296.48. The disclosure for this sale can be found here. 0.16% of the stock is currently owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. Investment Centers of America Inc. increased its stake in Time Warner by 0.3% in the second quarter. Investment Centers of America Inc. now owns 3,093 shares of the media conglomerate’s stock worth $227,000 after buying an additional 9 shares during the last quarter. Bremer Trust National Association increased its stake in Time Warner by 0.3% in the third quarter. Bremer Trust National Association now owns 3,795 shares of the media conglomerate’s stock worth $302,000 after buying an additional 10 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Time Warner by 0.3% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 6,978 shares of the media conglomerate’s stock worth $513,000 after buying an additional 22 shares during the last quarter. Cypress Wealth Advisors LLC increased its stake in Time Warner by 0.6% in the second quarter. Cypress Wealth Advisors LLC now owns 4,142 shares of the media conglomerate’s stock worth $305,000 after buying an additional 25 shares during the last quarter. Finally, Choate Investment Advisors increased its stake in Time Warner by 0.4% in the second quarter. Choate Investment Advisors now owns 7,843 shares of the media conglomerate’s stock worth $577,000 after buying an additional 29 shares during the last quarter. Institutional investors and hedge funds own 80.67% of the company’s stock.

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