Insider Selling: Marc Lawrence-Apfelbaum Sells 8,000 Shares of Time Warner Cable Stock (TWC)
Time Warner Cable (NYSE:TWC) EVP Marc Lawrence-Apfelbaum sold 8,000 shares of the stock in a transaction that occurred on Monday, April 21st. The shares were sold at an average price of $135.94, for a total value of $1,087,520.00. Following the transaction, the executive vice president now directly owns 4,985 shares of the company’s stock, valued at approximately $677,661. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on TWC. Analysts at Telsey Advisory Group initiated coverage on shares of Time Warner Cable in a research note on Tuesday. They set a “not rated” rating and a $158.00 price target on the stock. Separately, analysts at UBS AG upgraded shares of Time Warner Cable from a “sell” rating to a “hold” rating in a research note on Monday. Finally, analysts at Brean Capital upgraded shares of Time Warner Cable from a “hold” rating to a “buy” rating in a research note on Monday. They now have a $165.00 price target on the stock, up previously from $60.00. Eleven investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $143.26.
Time Warner Cable (NYSE:TWC) traded up 1.34% during mid-day trading on Tuesday, hitting $138.43. The stock had a trading volume of 4,743,316 shares. Time Warner Cable has a one year low of $89.81 and a one year high of $147.28. The stock’s 50-day moving average is $137.4 and its 200-day moving average is $131.4. The company has a market cap of $38.408 billion and a P/E ratio of 20.39.
Time Warner Cable (NYSE:TWC) last announced its earnings results on Friday, January 31st. The company reported $1.82 earnings per share (EPS) for the quarter, beating the 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 $7.64 earnings per share for the current fiscal year.
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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