Wells Fargo & Company MN lowered its position in Cable One Inc (NYSE:CABO) by 10.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,759 shares of the company’s stock after selling 2,794 shares during the period. Wells Fargo & Company MN owned 0.40% of Cable One worth $16,008,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in CABO. State of Alaska Department of Revenue bought a new position in shares of Cable One in the fourth quarter valued at approximately $281,000. Quantitative Systematic Strategies LLC bought a new position in shares of Cable One in the fourth quarter valued at approximately $298,000. Dean Capital Investments Management LLC bought a new position in shares of Cable One in the fourth quarter valued at approximately $306,000. US Bancorp DE lifted its holdings in shares of Cable One by 47.4% in the fourth quarter. US Bancorp DE now owns 448 shares of the company’s stock valued at $315,000 after purchasing an additional 144 shares in the last quarter. Finally, Haverford Financial Services Inc. bought a new position in shares of Cable One in the third quarter valued at approximately $423,000. Institutional investors and hedge funds own 76.12% of the company’s stock.
Shares of Cable One Inc (CABO) opened at $714.14 on Wednesday. The company has a market capitalization of $4,166.51, a price-to-earnings ratio of 32.99, a P/E/G ratio of 8.77 and a beta of 0.23. Cable One Inc has a fifty-two week low of $616.06 and a fifty-two week high of $788.00. 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 also recently declared a quarterly dividend, which was paid on Friday, March 9th. Investors of record on Tuesday, February 20th were issued a dividend of $1.75 per share. The ex-dividend date was Friday, February 16th. This represents a $7.00 dividend on an annualized basis and a yield of 0.98%. Cable One’s dividend payout ratio (DPR) is currently 17.02%.
In related news, Chairman Thomas O. Might sold 2,793 shares of Cable One stock in a transaction on Friday, December 15th. The stock was sold at an average price of $676.44, for a total transaction of $1,889,296.92. Following the sale, the chairman now directly owns 37,702 shares in the company, valued at $25,503,140.88. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Thomas O. Might sold 2,823 shares of Cable One stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $726.54, for a total value of $2,051,022.42. Following the sale, the director now owns 15,140 shares in the company, valued at $10,999,815.60. The disclosure for this sale can be found here. Insiders have sold 11,904 shares of company stock worth $8,223,705 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.
A number of research firms have recently weighed in on CABO. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $781.00 target price on the stock in a report on Tuesday, March 6th. Wells Fargo & Co reiterated a “market perform” rating and set a $741.00 price target (up from $700.00) on shares of Cable One in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company’s stock. Cable One presently has a consensus rating of “Hold” and a consensus price target of $788.00.
About Cable One
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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