Investors Sell Shares of Time Warner Inc. (TWX) on Strength (TWX)

Traders sold shares of Time Warner Inc. (NYSE:TWX) on strength during trading on Wednesday. $78.39 million flowed into the stock on the tick-up and $108.82 million flowed out of the stock on the tick-down, for a money net flow of $30.43 million out of the stock. Of all companies tracked, Time Warner had the 0th highest net out-flow for the day. Time Warner traded up $0.02 for the day and closed at $101.48

A number of equities research analysts have recently issued reports on TWX shares. Credit Suisse Group downgraded shares of Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 price target for the company. in a research report on Monday, September 18th. Zacks Investment Research downgraded shares of Time Warner from a “hold” rating to a “sell” rating in a research report on Tuesday. Morgan Stanley reiterated an “overweight” rating on shares of Time Warner in a research report on Thursday, July 6th. Sanford C. Bernstein reiterated a “market perform” rating on shares of Time Warner in a research report on Tuesday, September 12th. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $105.00 price target on shares of Time Warner in a research report on Sunday, September 10th. Two research analysts have rated the stock with a sell rating, twenty-eight have given a hold rating and six have assigned a buy rating to the company’s stock. Time Warner presently has an average rating of “Hold” and an average target price of $102.91.

The firm’s 50-day moving average is $102.07 and its 200-day moving average is $100.46. The firm has a market cap of $79.49 billion, a price-to-earnings ratio of 18.96 and a beta of 1.02.

Time Warner (NYSE:TWX) last released its quarterly earnings data on Wednesday, August 2nd. The media conglomerate reported $1.33 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.19 by $0.14. The firm had revenue of $7.33 billion for the quarter, compared to analyst estimates of $7.29 billion. Time Warner had a net margin of 14.10% and a return on equity of 19.14%. The company’s revenue for the quarter was up 5.4% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.29 EPS. Equities research analysts forecast that Time Warner Inc. will post $6.10 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th will be paid a $0.4025 dividend. The ex-dividend date is Friday, October 6th. This represents a $1.61 annualized dividend and a yield of 1.58%. Time Warner’s dividend payout ratio is presently 29.98%.

Several institutional investors and hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in shares of Time Warner by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 49,843,065 shares of the media conglomerate’s stock worth $5,004,741,000 after purchasing an additional 1,116,818 shares during the last quarter. BlackRock Inc. increased its stake in shares of Time Warner by 4.0% during the 2nd quarter. BlackRock Inc. now owns 44,524,027 shares of the media conglomerate’s stock worth $4,470,656,000 after purchasing an additional 1,696,681 shares during the last quarter. State Street Corp increased its stake in shares of Time Warner by 2.1% during the 1st quarter. State Street Corp now owns 32,749,966 shares of the media conglomerate’s stock worth $3,199,990,000 after purchasing an additional 688,860 shares during the last quarter. Franklin Resources Inc. increased its stake in shares of Time Warner by 0.4% during the 2nd quarter. Franklin Resources Inc. now owns 12,344,260 shares of the media conglomerate’s stock worth $1,239,484,000 after purchasing an additional 51,596 shares during the last quarter. Finally, FMR LLC increased its stake in shares of Time Warner by 0.6% during the 1st quarter. FMR LLC now owns 11,932,302 shares of the media conglomerate’s stock worth $1,165,905,000 after purchasing an additional 68,625 shares during the last quarter. Institutional investors 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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