Insider Selling: Marc Lawrence-Apfelbaum Sells 8,000 Shares of Time Warner Cable Stock (TWC)
Time Warner Cable (NYSE:TWC) EVP Marc Lawrence-Apfelbaum unloaded 8,000 shares of the stock on the open market in a transaction that occurred on Friday, June 20th. The shares were sold at an average price of $144.22, for a total transaction of $1,153,760.00. Following the sale, the executive vice president now directly owns 4,985 shares in the company, valued at approximately $718,937. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Time Warner Cable (NYSE:TWC) traded down 0.54% during mid-day trading on Monday, hitting $142.47. 1,143,910 shares of the company’s stock traded hands. Time Warner Cable has a one year low of $98.46 and a one year high of $147.28. The stock has a 50-day moving average of $140.9 and a 200-day moving average of $137.6. The company has a market cap of $39.694 billion and a P/E ratio of 20.25.
Time Warner Cable (NYSE:TWC) last posted its quarterly 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. Analysts expect that Time Warner Cable will post $7.81 EPS for the current fiscal year.
A number of research firms have recently commented on TWC. 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 given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $147.53.
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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