Insider Selling: William F. Osbourn, Jr. Unloads 4,903 Shares of Time Warner Cable Stock (TWC)
Time Warner Cable (NYSE:TWC) SVP William F. Osbourn, Jr. sold 4,903 shares of Time Warner Cable stock in a transaction that occurred on Monday, August 4th. The shares were sold at an average price of $146.99, for a total value of $720,691.97. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.
TWC has been the subject of a number of recent research reports. Analysts at Jefferies Group reiterated a “hold” rating on shares of Time Warner Cable in a research note on Friday. They now have a $178.00 price target on the stock, up previously from $150.00. Separately, analysts at Telsey Advisory Group reiterated a “” rating on shares of Time Warner Cable in a research note on Thursday, July 31st. They now have a $158.00 price target on the stock. Finally, analysts at Wunderlich upgraded shares of Time Warner Cable from a “hold” rating to a “buy” rating in a research note on Monday, July 28th. They now have a $190.00 price target on the stock, up previously from $146.00. Nine investment analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $154.78.
Time Warner Cable (NYSE:TWC) traded down 1.28% on Tuesday, hitting $145.39. The stock had a trading volume of 1,492,311 shares. Time Warner Cable has a 52-week low of $106.01 and a 52-week high of $154.12. The stock has a 50-day moving average of $147.1 and a 200-day moving average of $140.7. The company has a market cap of $40.635 billion and a price-to-earnings ratio of 20.47.
Time Warner Cable (NYSE:TWC) last announced its earnings results on Thursday, July 31st. The company reported $1.89 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.97 by $0.08. The company had revenue of $5.73 billion for the quarter, compared to the consensus estimate of $5.76 billion. During the same quarter in the previous year, the company posted $1.69 earnings per share. The company’s revenue for the quarter was up 3.2% on a year-over-year basis. On average, analysts predict that Time Warner Cable will post $7.79 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Monday, September 15th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 2.06%. The ex-dividend date is Wednesday, August 27th.
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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