Commonwealth Equity Services LLC Buys New Stake in Cable One, Inc. (NYSE:CABO)

Commonwealth Equity Services LLC bought a new stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 1,155 shares of the company's stock, valued at approximately $418,000.

Other institutional investors have also added to or reduced their stakes in the company. Public Employees Retirement System of Ohio lifted its stake in shares of 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 purchasing 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 in the last quarter. Global Retirement Partners LLC lifted 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 valued at $124,000 after buying an additional 46 shares during the last quarter. Illinois Municipal Retirement Fund boosted 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 buying an additional 61 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted 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 in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Activity at Cable One

In other news, Director Wallace R. Weitz bought 1,000 shares of the firm's stock in a transaction that occurred on Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the acquisition, the director now directly owns 5,584 shares of the company's stock, valued at $1,362,607.68. This trade represents a 21.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

Cable One Stock Performance

NYSE:CABO traded up $5.57 during trading hours on Friday, hitting $265.63. 97,153 shares of the company were exchanged, compared to its average volume of 116,825. 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, Inc. has a 52-week low of $225.94 and a 52-week high of $437.00. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 6.14 and a beta of 1.07. The company's 50 day moving average price is $266.90 and its 200-day moving average price is $329.91.

Cable One Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.44%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is presently 229.57%.

Wall Street Analyst Weigh In

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

About Cable One

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.