California Public Employees Retirement System increased its stake in Cable One Inc (NYSE:CABO) by 4.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,105 shares of the company’s stock after acquiring an additional 300 shares during the quarter. California Public Employees Retirement System owned approximately 0.12% of Cable One worth $4,997,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. State of Alaska Department of Revenue acquired a new stake in Cable One during the 4th quarter worth $281,000. Quantitative Systematic Strategies LLC acquired a new stake in Cable One during the 4th quarter worth $298,000. Dean Capital Investments Management LLC acquired a new stake in Cable One during the 4th quarter worth $306,000. US Bancorp DE boosted its stake in Cable One by 47.4% during the 4th quarter. US Bancorp DE now owns 448 shares of the company’s stock worth $315,000 after purchasing an additional 144 shares during the last quarter. Finally, Haverford Financial Services Inc. acquired a new stake in Cable One during the 3rd quarter worth $423,000. 76.12% of the stock is owned by institutional investors.
Cable One Inc (NYSE CABO) opened at $726.71 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 1.73. The firm has a market cap of $4,116.51, a PE ratio of 32.59, a PEG ratio of 8.66 and a beta of 0.23. Cable One Inc has a 1 year low of $616.06 and a 1 year high of $788.00.
The company also recently declared a quarterly dividend, which was paid on Friday, March 9th. Stockholders of record on Tuesday, February 20th were given a dividend of $1.75 per share. The ex-dividend date was Friday, February 16th. This represents a $7.00 annualized dividend and a dividend yield of 0.96%. Cable One’s payout ratio is 17.02%.
Several brokerages have issued reports on CABO. Zacks Investment Research raised shares of Cable One from a “hold” rating to a “buy” rating and set a $781.00 target price on the stock in a research note on Tuesday, March 6th. Wells Fargo & Co reaffirmed a “market perform” rating and set a $741.00 target price (up previously from $700.00) on shares of Cable One in a research note on Thursday, January 4th. Finally, JPMorgan Chase & Co. cut shares of Cable One from a “neutral” rating to an “underweight” rating in a research note on Monday, November 13th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $788.00.
In other news, Chairman Thomas O. Might sold 2,793 shares of the business’s stock in a transaction dated Friday, December 15th. The shares were sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the transaction, the chairman now owns 37,702 shares of the company’s stock, valued at approximately $25,503,140.88. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Thomas O. Might sold 2,823 shares of the business’s stock in a transaction dated Monday, January 22nd. The shares were sold at an average price of $726.54, for a total transaction of $2,051,022.42. Following the transaction, the director now directly owns 15,140 shares in the company, valued at approximately $10,999,815.60. The disclosure for this sale can be found here. In the last three months, insiders have sold 11,904 shares of company stock worth $8,223,705. Corporate insiders own 1.30% of the company’s stock.
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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