Time Warner Cable (NYSE: TWC) executive vice president Gail Mackinnon sold 3,611 shares of the stock on the open market on June 16 at an average price of $141.80, for a total value of $512,039.80.
MacKinnon 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.
Several analysts have weighed in on Time Warner Cable's stock in the wake of a deal with Comcast (NASDAQ: CMCSA) Corp. to buy the company. Analysts at Zach's have reiterated a "neutral" for the shares and have a $150.00 price target on the stock.
At the same time, according to the American Banking News, 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 6.
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