What’s Time Warner Inc Upside After Today’s Bullish Options Activity?

 What's Time Warner Inc Upside After Today's Bullish Options Activity?

In today’s session Time Warner Inc (TWX) registered an unusually high (10,018) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the April, 2017 call, expecting serious TWX increase. With 10,018 contracts traded and 105154 open interest for the Apr, 17 contract, it seems this is a quite bullish bet. The option with symbol: TWX170421C00090000 closed last at: $6.05 or 0% . About 127,609 shares traded hands. Time Warner Inc (NYSE:TWX) has risen 19.64% since April 28, 2016 and is uptrending. It has outperformed by 13.71% the S&P500.

Analysts await Time Warner Inc (NYSE:TWX) to report earnings on February, 8. They expect $1.19 earnings per share, up 12.26% or $0.13 from last year’s $1.06 per share. TWX’s profit will be $906.86M for 19.32 P/E if the $1.19 EPS becomes a reality. After $1.83 actual earnings per share reported by Time Warner Inc for the previous quarter, Wall Street now forecasts -34.97% negative EPS growth.

Time Warner Inc (NYSE:TWX) Ratings Coverage

Out of 30 analysts covering Time Warner Inc. (NYSE:TWX), 20 rate it a “Buy”, 0 “Sell”, while 10 “Hold”. This means 67% are positive. $200 is the highest target while $71 is the lowest. The $93.86 average target is 2.07% above today’s ($91.96) stock price. Time Warner Inc. has been the topic of 71 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The company was upgraded on Monday, November 7 by Credit Suisse. The rating was downgraded by Atlantic Securities on Monday, October 24 to “Neutral”. The company was upgraded on Friday, August 7 by Moffett Nathanson. On Thursday, November 5 the stock rating was downgraded by Credit Agricole to “Outperform”. As per Thursday, January 14, the company rating was initiated by Drexel Hamilton. The stock of Time Warner Inc (NYSE:TWX) earned “Outperform” rating by Wedbush on Friday, July 29. The firm has “Hold” rating by Stifel Nicolaus given on Monday, October 24. As per Friday, February 12, the company rating was maintained by Wedbush. The firm has “Buy” rating by CLSA given on Thursday, November 5. The company was downgraded on Monday, October 17 by Wedbush.

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.”

Insitutional Activity: The institutional sentiment increased to 1.02 in Q2 2016. Its up 0.09, from 0.93 in 2016Q1. The ratio is positive, as 65 funds sold all Time Warner Inc shares owned while 334 reduced positions. 66 funds bought stakes while 305 increased positions. They now own 614.82 million shares or 5.49% less from 650.52 million shares in 2016Q1.
Millennium Lc has 2.27M shares for 0.38% of their US portfolio. Moreover, Legg Mason Asset (Japan) has 0.72% invested in Time Warner Inc (NYSE:TWX) for 9,100 shares. Courier Cap Corp has 0.09% invested in the company for 6,291 shares. Majedie Asset Mgmt Limited accumulated 68,918 shares or 0.84% of the stock. The New York-based Para Advsrs Limited Liability has invested 1.91% in Time Warner Inc (NYSE:TWX). North Star Mgmt Corporation accumulated 0.02% or 1,347 shares. The Kansas-based Intrust Savings Bank Na has invested 0.17% in Time Warner Inc (NYSE:TWX). Toronto Dominion Natl Bank holds 0.01% of its portfolio in Time Warner Inc (NYSE:TWX) for 27,732 shares. Chem Financial Bank, a Michigan-based fund reported 12,422 shares. Hbk Invs Lp reported 11,970 shares or 0.01% of all its holdings. Clark Cap Management Group Inc owns 128,247 shares or 0.61% of their US portfolio. First Foundation Advsr has 0.11% invested in the company for 20,710 shares. Chesley Taft And Limited Liability Corp, a Illinois-based fund reported 13,086 shares. Highfields Capital Mgmt L P has 1.42 million shares for 0.91% of their US portfolio. Palisade Cap Mgmt Lc Nj accumulated 0.01% or 3,635 shares.

Insider Transactions: Since June 3, 2016, the stock had 0 insider purchases, and 4 sales for $7.38 million net activity. $227,370 worth of shares were sold by GINSBERG GARY L on Friday, June 3. $1.19 million worth of Time Warner Inc (NYSE:TWX) shares were sold by NOVACK KENNETH J. $4.43M worth of shares were sold by CAPPUCCIO PAUL T on Wednesday, September 7. Magee Karen sold 14,240 shares worth $1.14 million.

Time Warner Inc. is a media and entertainment company. The company has a market cap of $70.08 billion. The Firm operates through three divisions: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of domestic premium pay television and streaming services, and international premium pay, basic tier television services and streaming services, and Warner Bros., which consists of television, feature film, home video and videogame production and distribution. It has a 16.37 P/E ratio. The Firm also holds interests in companies that operate broadcast networks.

TWX Company Profile

Time Warner Inc. (Time Warner), February 4, 2000, is a media and entertainment company. The Firm operates in three reporting divisions: Networks, Film and TV Entertainment and Publishing. Networks consist of television networks and premium pay and basic tier television services and digital media properties. Film and TV Entertainment consists of feature film, television, home video and videogame production and distribution. Publishing consists of magazine publishing. In August 2012, Turner Broadcasting System, Inc. acquired Bleacher Report.

More notable recent Time Warner Inc (NYSE:TWX) news were published by: Businesswire.com which released: “Time Warner Inc. Prices $1.5 Billion Debt Offering” on November 30, 2016, also Investorplace.com with their article: “Why Trump Would Smack Time Warner Inc. (TWX) Down” published on November 22, 2016, Nasdaq.com published: “Time Warner Inc. (TWX) Ex-Dividend Date Scheduled for November 28, 2016” on November 25, 2016. More interesting news about Time Warner Inc (NYSE:TWX) were released by: Fool.com and their article: “AT&T Inc Shows Huge Appetite for Acquisitions With $85 Billion Buyout of Time …” published on November 01, 2016 as well as Bloomberg.com‘s news article titled: “Time Warner’s Upbeat Report Unheeded as AT&T Debate Continues” with publication date: November 02, 2016.

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