Analysis: Time Warner Inc (NYSE:TWX) Stock Target Raised Today
In a very recent research note revealed by Citigroup on 10 December, the firm, Time Warner Inc (NYSE:TWX), had their PT lowered to $83.00. Analusts at present have a solid “Buy” rating on the stock.
From a total of 31 analysts covering Time Warner Inc. (NYSE:TWX) stock, 26 rate it a ”Buy”, 0 a “Sell”, and 10 a ”Hold”. This means that 72% of the ratings are positive. The highest target price is $105 while the lowest target price is $72. The mean of all analyst targets is $85.16 with a 37.32% above today’s ($68.33) stock price. Time Warner Inc. was the topic of 35 analyst reports since August 6, 2015 according to the firm StockzIntelligence Inc. M Partners maintained shares on November 27 with “Buy” rating. FBR Capital maintained shares with “Outperform” rating and $79 target share price in a report from a November 5. Barrington Research maintained TWX stock in a recent report from November 6 with “Outperform” rating. RBC Capital Markets maintained the rating on November 5. RBC Capital Markets has a “Outperform” rating and a $87 price target on shares. Finally, Credit Agricole downgraded the stock to “Outperform” rating in a report issued on a November 5.
Approximately 1.48M shares of stock traded hands. Time Warner Inc (NYSE:TWX) has declined 18.38% since May 7, 2015 and is downtrending. It has underperformed by 16.45% the S&P500.
The overall sentiment of institutions has increased to 0.96 in Q2 2015. Its up 0.03, from 0.93 in 2015Q2. The ratio improved, as 101 institutions have sold all the shares of Time Warner Inc that they owned while 323 funds have taken shares off the table. 88 funds have purchased shares for the first time while 321 added to their positions. These institutions now hold 613.31 million shares or 7.63% less than the 664.00 million shares they owned in 2015Q2.
The Fund Michael & Susan Dell Foundation currently is holding shares equating to 15.89% of its total portfolio in Time Warner Inc representing a total of 316,947 shares. Another fund,Sls Management Llc, is holding a total of 198,710 shares equating to 10.44% of their holdings. Additionally, Goldentree Asset Management Lp has a 699,727 share stake in Time Warner Inc which represents 7.87% of their total portfolio. The Fund, Independent Franchise Partners Llp, based out of United Kingdom, has also built up a stake in the stock, which represents a total of 6.83% of their total portfolio. Finally Limestone Value Partners Llc, a fund which is based in the state of Texas reported a total holdings of 81,000 shares.
Time Warner Inc. is a media and entertainment company. The company has a market cap of $54.68 billion. The Firm operates in three divisions: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television services, and international premium pay and basic tier television services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution of digital and physical home entertainment products. It has 15.6 P/E ratio. Turner operates over 165 channels globally.
According to Zacks Investment Research, “Time Warner Inc. is the world’s leading media and entertainment company, whose businesses include filmed entertainment, interactive services, television networks, cable systems, publishing and music.” Get a free copy of the Zacks research report on Time Warner Inc (TWX).