Insider Selling: Time Warner Cable Director Sells 10,300 Shares of Stock (TWC)
Time Warner Cable (NYSE:TWC) Director Glenn Britt sold 10,300 shares of Time Warner Cable stock on the open market in a transaction that occurred on Tuesday, January 7th. The stock was sold at an average price of $135.00, for a total value of $1,390,500.00. Following the completion of the sale, the director now directly owns 158,947 shares in the company, valued at approximately $21,457,845. The sale was disclosed in a filing with the SEC, which is available at this link.
Time Warner Cable (NYSE:TWC) traded down 1.74% during mid-day trading on Wednesday, hitting $132.55. The stock had a trading volume of 2,943,454 shares. Time Warner Cable has a 1-year low of $84.57 and a 1-year high of $139.85. The stock has a 50-day moving average of $132.4 and a 200-day moving average of $118.2. The company has a market cap of $37.364 billion and a price-to-earnings ratio of 20.78.
Time Warner Cable (NYSE:TWC) last issued its quarterly earnings data on Thursday, October 31st. The company reported $1.69 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.64 by $0.05. The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter last year, the company posted $1.41 earnings per share. Time Warner Cable’s revenue was up 2.9% compared to the same quarter last year. Analysts expect that Time Warner Cable will post $6.54 EPS for the current fiscal year.
TWC has been the subject of a number of recent research reports. Analysts at Buckingham Research initiated coverage on shares of Time Warner Cable in a research note to investors on Thursday, December 19th. They set a “neutral” rating on the stock. Separately, analysts at Jefferies Group initiated coverage on shares of Time Warner Cable in a research note to investors on Thursday, December 19th. They set a “hold” rating and a $145.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Time Warner Cable in a research note to investors on Tuesday, December 17th. They now have a $139.00 price target on the stock. Thirteen research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $126.86.
Time Warner Cable Inc (NYSE:TWC) is a provider of video, high-speed data and voice services in the United States with systems located in five geographic areas: New York State, the Carolinas, Ohio, Southern California and Texas.
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