PNC Financial Services Group Inc. Has $151,000 Stock Holdings in Cable One, Inc. (NYSE:CABO)

PNC Financial Services Group Inc. lifted its stake in Cable One, Inc. (NYSE:CABO) by 18.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 418 shares of the company’s stock after purchasing an additional 65 shares during the quarter. PNC Financial Services Group Inc.’s holdings in Cable One were worth $151,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Public Employees Retirement System of Ohio grew its holdings in shares of Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock valued at $60,000 after buying an additional 29 shares in the last quarter. Sanctuary Advisors LLC boosted its position in Cable One by 3.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock worth $505,000 after acquiring an additional 43 shares during the period. Global Retirement Partners LLC grew its stake in Cable One by 15.5% during the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after acquiring an additional 46 shares in the last quarter. Illinois Municipal Retirement Fund increased its holdings in shares of Cable One by 2.3% in the 4th quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock valued at $974,000 after purchasing an additional 61 shares during the period. Finally, MML Investors Services LLC lifted its position in shares of Cable One by 3.6% in the third quarter. MML Investors Services LLC now owns 2,090 shares of the company’s stock worth $731,000 after purchasing an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Insider Activity

In related news, Director Wallace R. Weitz purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, March 4th. The stock was bought at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, the director now owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by insiders.

Cable One Trading Down 0.3 %

Shares of NYSE CABO opened at $255.40 on Tuesday. The business has a 50 day simple moving average of $286.10 and a 200 day simple moving average of $338.33. Cable One, Inc. has a 52 week low of $225.94 and a 52 week high of $441.00. The stock has a market cap of $1.44 billion, a price-to-earnings ratio of 5.91 and a beta of 0.93. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93.

Cable One Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were paid a dividend of $2.95 per share. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 4.62%. Cable One’s dividend payout ratio (DPR) is 229.57%.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. KeyCorp lowered their price objective on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research report on Friday, February 28th. Wells Fargo & Company lowered their price target on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.