Kevin P. Coyle Sells 450 Shares of Cable One, Inc. (CABO) Stock
Cable One, Inc. (NYSE:CABO) CFO Kevin P. Coyle sold 450 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $740.91, for a total transaction of $333,409.50. Following the completion of the sale, the chief financial officer now owns 4,440 shares of the company’s stock, valued at approximately $3,289,640.40. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
Shares of Cable One, Inc. (NYSE:CABO) traded up 0.67% during trading on Friday, hitting $744.09. 31,040 shares of the stock traded hands. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 39.96 and a beta of 0.31. The stock has a 50 day moving average price of $747.20 and a 200-day moving average price of $694.57. Cable One, Inc. has a 1-year low of $538.00 and a 1-year high of $788.00.
Cable One (NYSE:CABO) last issued its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the Zacks’ consensus estimate of $5.10 by $0.13. The company had revenue of $241 million during the quarter, compared to analysts’ expectations of $247.02 million. Cable One had a return on equity of 22.83% and a net margin of 12.44%. Cable One’s quarterly revenue was up 17.8% compared to the same quarter last year. During the same period last year, the firm posted $4.62 earnings per share. Equities analysts forecast that Cable One, Inc. will post $20.60 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Investors of record on Tuesday, August 15th were issued a $1.75 dividend. This is an increase from Cable One’s previous quarterly dividend of $1.50. This represents a $7.00 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, August 11th. Cable One’s payout ratio is 37.57%.
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CABO has been the subject of a number of recent analyst reports. Zacks Investment Research upgraded shares of Cable One from a “strong sell” rating to a “hold” rating in a research note on Tuesday, June 20th. TheStreet upgraded shares of Cable One from a “c” rating to a “b-” rating in a research note on Monday, June 12th. Raymond James Financial, Inc. initiated coverage on shares of Cable One in a research note on Thursday, June 8th. They issued an “outperform” rating and a $785.00 price target for the company. Finally, BidaskClub upgraded shares of Cable One from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has given a strong buy rating to the company’s stock. Cable One has a consensus rating of “Buy” and an average price target of $693.75.
Several large investors have recently modified their holdings of the stock. Blair William & Co. IL boosted its holdings in shares of Cable One by 0.3% in the 2nd quarter. Blair William & Co. IL now owns 1,036 shares of the company’s stock worth $736,000 after buying an additional 3 shares during the last quarter. Envestnet Asset Management Inc. boosted its holdings in shares of Cable One by 2.7% in the 1st quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock worth $192,000 after buying an additional 8 shares during the last quarter. Liberty Mutual Group Asset Management Inc. boosted its holdings in shares of Cable One by 0.4% in the 1st quarter. Liberty Mutual Group Asset Management Inc. now owns 2,116 shares of the company’s stock worth $1,322,000 after buying an additional 8 shares during the last quarter. World Asset Management Inc boosted its holdings in shares of Cable One by 4.3% in the 2nd quarter. World Asset Management Inc now owns 338 shares of the company’s stock worth $240,000 after buying an additional 14 shares during the last quarter. Finally, Capstone Asset Management Co. boosted its holdings in shares of Cable One by 3.1% in the 1st quarter. Capstone Asset Management Co. now owns 573 shares of the company’s stock worth $358,000 after buying an additional 17 shares during the last quarter. 70.38% of the stock is currently owned by institutional investors.
Cable One Company Profile
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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