Fiduciary Management Inc. WI lowered its position in Cable One, Inc. (NYSE:CABO) by 1.3% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 78,289 shares of the company’s stock after selling 1,060 shares during the period. Fiduciary Management Inc. WI owned about 1.37% of Cable One worth $56,534,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also recently made changes to their positions in the company. Victory Capital Management Inc. lifted its position in shares of Cable One by 28.3% during the 2nd quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after acquiring an additional 36 shares during the period. US Bancorp DE lifted its position in shares of Cable One by 19.6% during the 2nd quarter. US Bancorp DE now owns 275 shares of the company’s stock valued at $196,000 after acquiring an additional 45 shares during the period. Palisade Asset Management LLC acquired a new stake in shares of Cable One during the 3rd quarter valued at approximately $202,000. Virtu KCG Holdings LLC acquired a new stake in shares of Cable One during the 2nd quarter valued at approximately $209,000. Finally, Usca Ria LLC acquired a new stake in shares of Cable One during the 2nd quarter valued at approximately $213,000. Hedge funds and other institutional investors own 73.14% of the company’s stock.
Cable One, Inc. (CABO) opened at $687.20 on Wednesday. The company has a debt-to-equity ratio of 2.21, a quick ratio of 1.34 and a current ratio of 1.34. Cable One, Inc. has a 12 month low of $564.26 and a 12 month high of $788.00. The firm has a market cap of $4,018.87, a P/E ratio of 34.25, a PEG ratio of 10.56 and a beta of 0.19.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 21st will be paid a dividend of $1.75 per share. The ex-dividend date is Monday, November 20th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.02%. Cable One’s dividend payout ratio (DPR) is 34.18%.
In other news, CFO Kevin P. Coyle sold 450 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief financial officer now directly owns 4,440 shares of the company’s stock, valued at approximately $3,289,640.40. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, COO Michael E. Bowker sold 1,244 shares of the firm’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total transaction of $921,293.96. Following the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at $5,261,151.36. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.
CABO has been the subject of a number of research reports. Raymond James Financial lifted their price target on shares of Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded shares of Cable One from a “hold” rating to a “buy” rating and set a $837.00 price target for the company in a research report on Thursday, August 10th. BidaskClub downgraded shares of Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. SunTrust Banks reiterated a “buy” rating and set a $815.00 price target on shares of Cable One in a research report on Friday, November 10th. Finally, J P Morgan Chase & Co downgraded shares of Cable One from a “neutral” rating to an “underweight” rating in a research report on Monday, November 13th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $705.00.
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Cable One 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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