Insider Selling: Time Warner Cable EVP Unloads 11,787 Shares of Stock (TWC)
Time Warner Cable (NYSE:TWC) EVP Peter C. Stern unloaded 11,787 shares of the company’s stock on the open market in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $150.00, for a total transaction of $1,768,050.00. Following the transaction, the executive vice president now directly owns 1,805 shares in the company, valued at approximately $270,750. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.
Time Warner Cable (NYSE:TWC) traded down 1.42% during mid-day trading on Monday, hitting $148.37. The stock had a trading volume of 1,045,360 shares. Time Warner Cable has a 1-year low of $106.01 and a 1-year high of $150.51. The stock’s 50-day moving average is $142.7 and its 200-day moving average is $138.4. The company has a market cap of $41.338 billion and a price-to-earnings ratio of 21.28.
Time Warner Cable (NYSE:TWC) last announced its earnings results on Thursday, April 24th. The company reported $1.70 EPS for the quarter, beating the Thomson Reuters 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 prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue 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.
A number of research firms have recently commented on TWC. Analysts at Evercore Partners reiterated an “overweight” rating on shares of Time Warner Cable in a research note on Monday, June 30th. They now have a $178.00 price target on the stock, up previously from $149.00. Separately, 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. 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 Tuesday, May 6th. Nine equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price of $148.79.
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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