Vanguard Group Inc. Has $207.83 Million Stake in Cable One, Inc. (NYSE:CABO)

Vanguard Group Inc. raised its stake in shares of Cable One, Inc. (NYSE:CABO) by 0.0% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 573,920 shares of the company’s stock after buying an additional 164 shares during the quarter. Vanguard Group Inc. owned about 0.10% of Cable One worth $207,828,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Public Employees Retirement System of Ohio boosted its stake in Cable One by 20.4% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after acquiring an additional 29 shares during the last quarter. Sanctuary Advisors LLC raised its holdings in Cable One by 3.1% in the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company’s stock worth $505,000 after purchasing an additional 43 shares during the period. Global Retirement Partners LLC boosted its position in shares of Cable One by 15.5% during the fourth quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock worth $124,000 after purchasing an additional 46 shares in the last quarter. Illinois Municipal Retirement Fund boosted its position in shares of Cable One by 2.3% during the fourth quarter. Illinois Municipal Retirement Fund now owns 2,690 shares of the company’s stock worth $974,000 after purchasing an additional 61 shares in the last quarter. Finally, PNC Financial Services Group Inc. grew its holdings in shares of Cable One by 18.4% in the 4th quarter. PNC Financial Services Group Inc. now owns 418 shares of the company’s stock valued at $151,000 after buying an additional 65 shares during the period. 89.92% of the stock is owned by institutional investors.

Insider Buying and Selling at Cable One

In other Cable One news, Director Wallace R. Weitz purchased 1,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were purchased at an average cost of $244.02 per share, with a total value of $244,020.00. Following the transaction, the director now directly owns 5,584 shares of the company’s stock, valued at $1,362,607.68. This represents a 21.82 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.70% of the company’s stock.

Analyst Ratings Changes

CABO has been the topic of several recent analyst reports. KeyCorp reduced their target price on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Wells Fargo & Company dropped their price target on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their price objective on Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd.

Cable One Stock Performance

CABO opened at $254.65 on Friday. The company has a market capitalization of $1.43 billion, a price-to-earnings ratio of 5.89 and a beta of 0.93. The business’s 50-day moving average price is $274.75 and its two-hundred day moving average price is $334.19. Cable One, Inc. has a 1 year low of $225.94 and a 1 year high of $437.00. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were given a $2.95 dividend. This represents a $11.80 dividend on an annualized basis and a yield of 4.63%. The ex-dividend date was Tuesday, February 18th. Cable One’s dividend payout ratio is presently 229.57%.

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.