Principal Financial Group Inc. Has $10.35 Million Stock Holdings in Cable One, Inc. (NYSE:CABO)

Principal Financial Group Inc. lifted its position in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,572 shares of the company's stock after purchasing an additional 1,332 shares during the quarter. Principal Financial Group Inc. owned approximately 0.51% of Cable One worth $10,346,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Empowered Funds LLC acquired a new position in Cable One in the fourth quarter valued at about $215,000. Kingsview Wealth Management LLC boosted its stake in Cable One by 5.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company's stock worth $8,568,000 after purchasing an additional 1,297 shares in the last quarter. Berry Wealth Group LP bought a new stake in shares of Cable One during the fourth quarter worth $240,000. Hantz Financial Services Inc. increased its stake in shares of Cable One by 50.7% in the fourth quarter. Hantz Financial Services Inc. now owns 6,779 shares of the company's stock valued at $2,455,000 after buying an additional 2,282 shares in the last quarter. Finally, Pacer Advisors Inc. increased its stake in shares of Cable One by 102.0% in the fourth quarter. Pacer Advisors Inc. now owns 414 shares of the company's stock valued at $150,000 after buying an additional 209 shares in the last quarter. 89.92% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have commented on CABO. JPMorgan Chase & Co. decreased their price objective on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a report on Monday. KeyCorp reduced their price objective on Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a report on Friday. Finally, Wells Fargo & Company decreased their price objective on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research note on Friday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat, Cable One currently has a consensus rating of "Hold" and a consensus target price of $457.20.

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Cable One Stock Performance

Shares of CABO stock traded up $15.29 on Tuesday, reaching $257.54. The stock had a trading volume of 130,753 shares, compared to its average volume of 104,818. Cable One, Inc. has a 12 month low of $239.39 and a 12 month high of $475.00. The firm has a market capitalization of $1.45 billion, a price-to-earnings ratio of 5.96 and a beta of 0.89. The firm's 50-day moving average is $317.39 and its two-hundred day moving average is $348.49. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.58%. The ex-dividend date is 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.