Traders sold shares of Time Warner Inc. (NYSE:TWX) on strength during trading on Monday. $39.56 million flowed into the stock on the tick-up and $88.07 million flowed out of the stock on the tick-down, for a money net flow of $48.51 million out of the stock. Of all stocks tracked, Time Warner had the 0th highest net out-flow for the day. Time Warner traded up $0.10 for the day and closed at $101.97
TWX has been the topic of a number of analyst reports. BidaskClub downgraded Time Warner from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 13th. Zacks Investment Research upgraded Time Warner from a “hold” rating to a “buy” rating and set a $113.00 price objective on the stock in a research report on Thursday, July 13th. Barclays PLC downgraded Time Warner from an “overweight” rating to an “equal weight” rating and lifted their price objective for the stock from $95.00 to $107.00 in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “hold” rating and set a $105.00 price objective (up previously from $102.42) on shares of Time Warner in a research report on Sunday, July 30th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $108.00 price objective on shares of Time Warner in a research report on Friday, July 14th. One research analyst has rated the stock with a sell rating, twenty-seven have given a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $102.91.
The stock has a market capitalization of $80.11 billion, a price-to-earnings ratio of 19.11 and a beta of 1.04. The firm’s 50 day moving average is $101.65 and its 200-day moving average is $99.76.
Time Warner (NYSE:TWX) last posted its quarterly earnings results on Wednesday, August 2nd. The media conglomerate reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.19 by $0.14. The business had revenue of $7.33 billion during the quarter, compared to the consensus estimate of $7.29 billion. Time Warner had a return on equity of 19.14% and a net margin of 14.10%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same period last year, the firm earned $1.29 earnings per share. On average, analysts anticipate that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.
A number of large investors have recently bought and sold shares of TWX. Jacobi Capital Management LLC grew its stake in Time Warner by 2.1% in the second quarter. Jacobi Capital Management LLC now owns 995 shares of the media conglomerate’s stock worth $100,000 after purchasing an additional 20 shares in the last quarter. Bellwether Investment Group LLC lifted its holdings in Time Warner by 15.6% in the first quarter. Bellwether Investment Group LLC now owns 1,083 shares of the media conglomerate’s stock worth $106,000 after acquiring an additional 146 shares during the last quarter. Patriot Financial Group Insurance Agency LLC lifted its holdings in Time Warner by 9.9% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 1,109 shares of the media conglomerate’s stock worth $109,000 after acquiring an additional 100 shares during the last quarter. Harfst & Associates Inc. lifted its holdings in Time Warner by 31.6% in the second quarter. Harfst & Associates Inc. now owns 1,198 shares of the media conglomerate’s stock worth $120,000 after acquiring an additional 288 shares during the last quarter. Finally, Captrust Financial Advisors bought a new position in Time Warner in the second quarter worth about $127,000. Institutional investors and hedge funds own 79.16% of the company’s stock.
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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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