Time Warner Cable (NYSE:TWC) CEO Glenn Britt sold 10,000 shares of Time Warner Cable stock on the open market in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $133.19, for a total transaction of $1,331,900.00. Following the completion of the sale, the chief executive officer now directly owns 158,947 shares of the company’s stock, valued at approximately $21,170,151. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Shares of Time Warner Cable (NYSE:TWC) traded up 0.18% on Wednesday, hitting $136.80. 3,272,723 shares of the company’s stock traded hands. Time Warner Cable has a 52 week low of $84.57 and a 52 week high of $139.17. The stock has a 50-day moving average of $119.9 and a 200-day moving average of $110.9. The company has a market cap of $38.562 billion and a price-to-earnings ratio of 21.04.
Time Warner Cable (NYSE:TWC) last released its earnings data on Thursday, October 31st. The company reported $1.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.05. The company had revenue of $5.52 billion for the quarter, compared to the consensus estimate of $5.54 billion. During the same quarter in the prior year, the company posted $1.41 earnings per share. The company’s quarterly revenue was up 2.9% on a year-over-year basis. On average, analysts predict that Time Warner Cable will post $6.53 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, December 16th. Shareholders of record on Friday, November 29th will be given a dividend of $0.65 per share. This represents a $2.60 dividend on an annualized basis and a yield of 1.90%. The ex-dividend date of this dividend is Tuesday, November 26th.
A number of research firms have recently commented on TWC. Analysts at Wunderlich reiterated a “hold” rating on shares of Time Warner Cable in a research note to investors on Saturday. They now have a $124.00 price target on the stock. Separately, analysts at RBC Capital reiterated a “buy” rating on shares of Time Warner Cable in a research note to investors on Saturday. They now have a $109.00 price target on the stock. Finally, analysts at Argus downgraded shares of Time Warner Cable from a “buy” rating to a “hold” rating in a research note to investors on Monday. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Time Warner Cable presently has an average rating of “Buy” and a consensus price target of $117.32.
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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