Time Warner Inc. (NYSE:TWX)‘s stock had its “buy” rating restated by research analysts at Jefferies Group in a research note issued to investors on Thursday.
Other hedge funds and institutional investors recently made changes to their positions in the company. Baker Ellis Asset Management LLC bought a new position in shares of Time Warner during the first quarter valued at about $109,000. City Holding Co. increased its position in shares of Time Warner by 2.3% in the second quarter. City Holding Co. now owns 1,592 shares of the media conglomerate’s stock valued at $117,000 after buying an additional 36 shares during the period. NEXT Financial Group Inc increased its position in shares of Time Warner by 59.9% in the second quarter. NEXT Financial Group Inc now owns 2,125 shares of the media conglomerate’s stock valued at $156,000 after buying an additional 796 shares during the period. Alpha Windward LLC increased its position in shares of Time Warner by 31.7% in the second quarter. Alpha Windward LLC now owns 2,591 shares of the media conglomerate’s stock valued at $191,000 after buying an additional 624 shares during the period. Finally, Stock Yards Bank & Trust Co. bought a new position in shares of Time Warner during the second quarter valued at about $208,000.
Shares of Time Warner (NYSE:TWX) traded down 0.45% during mid-day trading on Thursday, hitting $79.81. The company had a trading volume of 2,097,402 shares. The company has a market capitalization of $62.08 billion and a P/E ratio of 15.88. Time Warner has a one year low of $55.53 and a one year high of $81.33. The firm’s 50-day moving average price is $78.65 and its 200 day moving average price is $73.63.
Time Warner (NYSE:TWX) last issued its earnings results on Wednesday, August 3rd. The media conglomerate reported $1.29 EPS for the quarter, beating the consensus estimate of $1.16 by $0.13. During the same quarter in the previous year, the firm posted $1.25 EPS. The business had revenue of $7 billion for the quarter, compared to the consensus estimate of $7.12 billion. The business’s revenue was down 5.4% on a year-over-year basis. Analysts predict that Time Warner will post $5.42 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, September 15th. Shareholders of record on Wednesday, August 31st will be given a dividend of $0.4025 per share. The ex-dividend date is Monday, August 29th. This represents a $1.61 annualized dividend and a yield of 2.02%.
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