Time Warner Cable EVP Sells $512,040 in Stock (TWC)
Time Warner Cable (NYSE:TWC) EVP Gail Mackinnon sold 3,611 shares of the stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $141.80, for a total value of $512,039.80. Following the transaction, the executive vice president now directly owns 11,113 shares of the company’s stock, valued at approximately $1,575,823. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of analysts have recently weighed in on TWC shares. Analysts at Zacks reiterated a “neutral” rating on shares of Time Warner Cable in a research note on Friday, June 13th. They now have a $150.00 price target on the stock. Separately, analysts at RBC Capital raised their price target on shares of Time Warner Cable from $142.00 to $155.00 in a research note on Tuesday, May 6th. Finally, analysts at RBC Capital raised their price target on shares of Time Warner Cable from $142.00 to $155.00 in a research note on Monday, April 28th. They now have a “sector perform” rating on the stock. Nine research analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $147.53.
Shares of Time Warner Cable (NYSE:TWC) traded up 1.03% on Wednesday, hitting $142.85. 1,136,473 shares of the company’s stock traded hands. Time Warner Cable has a 52 week low of $98.46 and a 52 week high of $147.28. The stock’s 50-day moving average is $140.7 and its 200-day moving average is $137.3. The company has a market cap of $39.800 billion and a P/E ratio of 19.99.
Time Warner Cable (NYSE:TWC) last announced its earnings results on Thursday, April 24th. The company reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.68 by $0.02. The company had revenue of $5.58 billion for the quarter, compared to the consensus estimate of $5.64 billion. During the same quarter in the previous year, the company posted $1.41 earnings per share. The company’s revenue for the quarter was up 2.0% on a year-over-year basis. On average, analysts predict that Time Warner Cable will post $7.81 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.