Time Warner Cable EVP Ellen East Sells 15,736 Shares (TWC)
Time Warner Cable (NYSE:TWC) EVP Ellen East unloaded 15,736 shares of the company’s stock in a transaction dated Thursday, February 13th. The stock was sold at an average price of $139.32, for a total value of $2,192,339.52. Following the transaction, the executive vice president now directly owns 10,018 shares in the company, valued at approximately $1,395,708. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
A number of analysts have recently weighed in on TWC shares. Analysts at Barrington Research downgraded shares of Time Warner Cable from an “outperform” rating to a “market perform” rating in a research note on Thursday. Separately, analysts at Wunderlich raised their price target on shares of Time Warner Cable to $138.00 in a research note on Monday. They noted that the move was a valuation call. Finally, analysts at Barclays raised their price target on shares of Time Warner Cable from $120.00 to $130.00 in a research note on Friday, January 31st. Ten research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $136.05.
Time Warner Cable (NYSE:TWC) traded up 0.82% on Friday, hitting $146.00. The stock had a trading volume of 8,340,474 shares. Time Warner Cable has a 1-year low of $84.57 and a 1-year high of $147.28. The stock’s 50-day moving average is $135.0 and its 200-day moving average is $122.6. The company has a market cap of $40.573 billion and a price-to-earnings ratio of 21.61. Time Warner Cable also saw unusually large options trading activity on Thursday. Stock traders purchased 46,327 call options on the company. This represents an increase of 536% compared to the average volume of 7,280 call options.
Time Warner Cable (NYSE:TWC) last released its earnings data on Friday, January 31st. The company reported $1.82 earnings per share for the quarter, beating the analysts’ consensus estimate of $1.73 by $0.09. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.56 billion. On average, analysts predict that Time Warner Cable will post $7.74 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, March 17th. Investors of record on Friday, February 28th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.05%. The ex-dividend date is Wednesday, February 26th. This is an increase from Time Warner Cable’s previous quarterly dividend of $0.65.
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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