FBR & Co lowered shares of Time Warner from an "outperform" rating to a "market perform" rating and set a $81.00 price target for the company.in a research note on Tuesday, July 26th. Time Warner had a return on equity of 17.33% and a net margin of 14.54%. The firm had revenue of $7 billion for the quarter, compared to analyst estimates of $7.12 billion.
Time Warner (NYSE:TWX) opened at 88.30 on Thursday. Finally, Stifel Nicolaus reduced their target price on Time Warner from $105.00 to $81.00 and set a "hold" rating for the company in a research note on Monday. The business's revenue for the quarter was down 5.4% on a year-over-year basis. The stock has relative volume of 1.91. That would be a 6.2% bump from Time Warner's second quarter earnings and a almost 10% increase compared with the same third-quarter period a year ago. One research analyst has rated the stock with a sell rating, twenty have given a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. The stock has 52-week high of $94.44 and 52-Week low of $55.53. The media conglomerate reported $1.29 EPS for the quarter, beating the Zacks' consensus estimate of $1.16 by $0.13. The company has a total of 784.5 Million shares outstanding. Turning to market valuation, the P/E ratio is 17.55, the P/S ratio is 2.46 and the P/B ratio is finally 2.87.
Time Warner Inc. (NYSE:TWX) closed 19.23% above its 200-day moving average which many technicians use as a guide to the long-term trend, so stocks above the line are considered to be in longer-term uptrends, while those below it are considered to be in downtrends. 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. The stock price of NEWM is moving up from its 20 days moving average with 1.71% and isolated negatively from 50 days moving average with -3.35%. The sale was disclosed in a document filed with the SEC, which is available at this link.
In other Time Warner news, insider Karen Magee sold 14,240 shares of the company's stock in a transaction that occurred on Thursday, August 25th. (TWX) declared that its Board of Directors declared a regular quarterly cash dividend of $0.4025 per share of Common Stock, payable in cash on December 15, 2016 to shareholders of record on November 30, 2016. Following the transaction, the insider now owns 7,461 shares in the company, valued at $596,656.17. This represents a $1.61 annualized dividend and a yield of 1.84%. The disclosure for this sale can be found here. The dividend payout ratio (ttm) amounts to 1.84 percent and the beta ratio has a value of 1.21.
In the liquidity ratio analysis; quick ratio for most recent quarter was 1.60 while current ratio for time period was 1.90. FMR LLC now owns 10,869,061 shares of the media conglomerate's stock valued at $799,310,000 after buying an additional 120,162 shares in the last quarter. Private Wealth Partners LLC increased its position in Time Warner by 3.3% in the second quarter. BlueMountain Capital Management LLC acquired a new stake in shares of Time Warner during the second quarter worth approximately $204,000. Independent Franchise Partners LLP now owns 8,174,133 shares of the media conglomerate's stock valued at $601,125,000 after buying an additional 269,450 shares in the last quarter.
Number of analysts are covering this stock and now stock has got OUTPERFORM rating from 9 analysts of Thomson Reuters, 12 analysts given HOLD rating to the stock and 0 given UNDERPERFORM rating. Independent Franchise Partners LLP now owns 8,174,133 shares of the media conglomerate's stock worth $601,125,000 after buying an additional 269,450 shares during the period.
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