Loop Capital reaffirmed their hold rating on shares of Time Warner Inc. (NYSE:TWX) in a research report released on Friday. The firm currently has a $103.00 price objective on the media conglomerate’s stock, up from their prior price objective of $102.00.
Other equities analysts also recently issued reports about the company. BidaskClub upgraded Time Warner from a hold rating to a buy rating in a research report on Tuesday, August 1st. Deutsche Bank AG reiterated a buy rating and issued a $99.00 target price on shares of Time Warner in a research report on Friday, November 10th. Rosenblatt Securities upgraded Time Warner from a neutral rating to a buy rating and set a $103.00 target price for the company in a research report on Monday, November 13th. Pivotal Research upgraded Time Warner from a hold rating to a buy rating and increased their target price for the company from $102.00 to $103.00 in a research report on Monday, November 13th. Finally, upgraded Time Warner from a hold rating to a buy rating and increased their target price for the company from $102.00 to $103.00 in a research report on Wednesday, November 15th. Twenty-two research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. The company currently has an average rating of Hold and a consensus target price of $103.73.
Shares of Time Warner (TWX) opened at $88.72 on Friday. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80. Time Warner has a 1 year low of $85.88 and a 1 year high of $103.90. The firm has a market capitalization of $69,076.77, a price-to-earnings ratio of 14.64, a P/E/G ratio of 1.40 and a beta of 0.98.
TRADEMARK VIOLATION WARNING: This piece of content was posted by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this piece of content on another publication, it was stolen and republished in violation of US & international copyright & trademark legislation. The correct version of this piece of content can be viewed at https://sportsperspectives.com/2017/11/20/time-warner-inc-twx-earns-hold-rating-from-loop-capital.html.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 1st. Shareholders of record on Tuesday, October 10th were paid a $0.4025 dividend. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a yield of 1.81%. Time Warner’s dividend payout ratio (DPR) is presently 30.73%.
Institutional investors have recently made changes to their positions in the business. Legal & General Group Plc grew its stake in Time Warner by 2.6% in the second quarter. Legal & General Group Plc now owns 3,962,756 shares of the media conglomerate’s stock valued at $397,891,000 after acquiring an additional 99,059 shares during the period. Segantii Capital Management Ltd acquired a new stake in Time Warner in the second quarter valued at approximately $33,886,000. Blair William & Co. IL grew its stake in Time Warner by 27.9% in the second quarter. Blair William & Co. IL now owns 37,132 shares of the media conglomerate’s stock valued at $3,728,000 after acquiring an additional 8,096 shares during the period. State of Wisconsin Investment Board grew its stake in Time Warner by 1.3% in the second quarter. State of Wisconsin Investment Board now owns 897,692 shares of the media conglomerate’s stock valued at $90,137,000 after acquiring an additional 11,740 shares during the period. Finally, Whittier Trust Co. grew its stake in Time Warner by 3.2% in the third quarter. Whittier Trust Co. now owns 49,180 shares of the media conglomerate’s stock valued at $5,038,000 after acquiring an additional 1,513 shares during the period. 77.15% of the stock is owned by hedge funds and other institutional investors.
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.
Receive News & Ratings for Time Warner Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Time Warner Inc. and related companies with MarketBeat.com's FREE daily email newsletter.