Time Warner Cable's MacKinnon sells company stock worth $512K

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.

For more:
- American Banking News has this story
- see the SEC document

Related articles:
Report: tw telecom executives to get an estimated $88M when Level 3 deal wraps
Top Time Warner Cable tech exec LaJoie sets retirement


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