Raymond James Financial Inc. Buys Shares of 77,678 Cable One, Inc. (NYSE:CABO)

Raymond James Financial Inc. acquired a new position in shares of Cable One, Inc. (NYSE:CABO - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 77,678 shares of the company's stock, valued at approximately $28,129,000. Raymond James Financial Inc. owned 1.38% of Cable One as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of CABO. Norges Bank bought a new stake in Cable One in the fourth quarter valued at $11,993,000. Proficio Capital Partners LLC bought a new stake in shares of Cable One during the fourth quarter valued at approximately $10,491,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cable One by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after purchasing an additional 7,055 shares in the last quarter. Rothschild & Co Wealth Management UK Ltd increased its stake in Cable One by 1.5% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company's stock valued at $106,608,000 after purchasing an additional 4,352 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership acquired a new position in Cable One during the fourth quarter worth $979,000. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Stock Performance

CABO traded down $5.91 during midday trading on Tuesday, reaching $248.67. The company had a trading volume of 44,637 shares, compared to its average volume of 111,732. The business has a 50-day moving average price of $263.87 and a two-hundred day moving average price of $325.96. 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, Inc. has a 12-month low of $225.94 and a 12-month high of $437.00. The stock has a market cap of $1.40 billion, a PE ratio of 5.77 and a beta of 1.07.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders 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 4.75%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One's dividend payout ratio is currently 229.57%.

Insider Activity

In other Cable One news, Director Wallace R. Weitz bought 1,000 shares of the business's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on CABO shares. KeyCorp dropped their price target 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 dropped their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. cut their price target on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a report on Monday, March 3rd.

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.