Traders Sell Time Warner Inc. (TWX) on Strength (TWX)

Traders sold shares of Time Warner Inc. (NYSE:TWX) on strength during trading hours on Friday. $95.03 million flowed into the stock on the tick-up and $142.33 million flowed out of the stock on the tick-down, for a money net flow of $47.30 million out of the stock. Of all equities tracked, Time Warner had the 11th highest net out-flow for the day. Time Warner traded up $0.71 for the day and closed at $88.72

Several analysts have recently weighed in on the company. Loop Capital reissued a “hold” rating and set a $103.00 price objective (up previously from $102.00) on shares of Time Warner in a report on Friday. raised Time Warner from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $102.00 to $103.00 in a report on Wednesday. Pivotal Research raised Time Warner from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $102.00 to $103.00 in a report on Monday. Rosenblatt Securities raised Time Warner from a “neutral” rating to a “buy” rating and set a $103.00 price objective on the stock in a report on Monday. Finally, Deutsche Bank AG reissued a “buy” rating and set a $99.00 price objective on shares of Time Warner in a report on Friday, November 10th. Twenty-two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. Time Warner currently has a consensus rating of “Hold” and an average target price of $103.73.

The company has a market capitalization of $68,850.00, a PE ratio of 14.44, a price-to-earnings-growth ratio of 1.38 and a beta of 0.98. The company has a debt-to-equity ratio of 0.80, a current ratio of 1.48 and a quick ratio of 1.26.

Time Warner (NYSE:TWX) last released its earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping analysts’ consensus estimates of $1.59 by $0.23. The company had revenue of $7.60 billion during the quarter, compared to the consensus estimate of $7.40 billion. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The firm’s quarterly revenue was up 6.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.83 earnings per share. equities analysts predict that Time Warner Inc. will post 6.2 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were given a dividend of $0.4025 per share. The ex-dividend date of this dividend was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.81%. Time Warner’s payout ratio is currently 30.61%.

Several hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. grew its stake in shares of Time Warner by 2,169.2% during the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after purchasing an additional 40,940,053 shares during the period. Canyon Capital Advisors LLC grew its stake in shares of Time Warner by 397.0% during the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock worth $556,541,000 after purchasing an additional 4,549,848 shares during the period. OZ Management LP grew its stake in shares of Time Warner by 98.2% during the first quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock worth $610,049,000 after purchasing an additional 3,093,353 shares during the period. Renaissance Technologies LLC grew its stake in shares of Time Warner by 4,979.0% during the first quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock worth $261,700,000 after purchasing an additional 2,625,600 shares during the period. Finally, Cowen Inc. grew its stake in shares of Time Warner by 833.4% during the third quarter. Cowen Inc. now owns 2,576,195 shares of the media conglomerate’s stock worth $263,933,000 after purchasing an additional 2,300,205 shares during the period. Institutional investors own 78.46% 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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