Charles Schwab Investment Management Inc. Acquires 7,055 Shares of Cable One, Inc. (NYSE:CABO)

Charles Schwab Investment Management Inc. lifted its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 8.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 86,776 shares of the company's stock after buying an additional 7,055 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.54% of Cable One worth $31,423,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in CABO. Rothschild & Co Wealth Management UK Ltd raised 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 acquiring an additional 4,352 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Cable One by 1.6% during the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company's stock valued at $41,342,000 after purchasing an additional 1,839 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Cable One by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company's stock worth $26,439,000 after purchasing an additional 2,627 shares during the period. Wallace Capital Management Inc. grew its position in Cable One by 7.0% in the 3rd quarter. Wallace Capital Management Inc. now owns 46,724 shares of the company's stock valued at $16,344,000 after buying an additional 3,041 shares in the last quarter. Finally, Eagle Asset Management Inc. increased its stake in Cable One by 24.9% during the 3rd quarter. Eagle Asset Management Inc. now owns 42,966 shares of the company's stock valued at $15,029,000 after buying an additional 8,563 shares during the period. 89.92% of the stock is owned by institutional investors.

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Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a report on Friday, February 28th. JPMorgan Chase & Co. decreased their price target on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Finally, 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.

Cable One Trading Up 1.8 %

Shares of NYSE:CABO traded up $4.63 during mid-day trading on Thursday, hitting $255.31. The stock had a trading volume of 69,528 shares, compared to its average volume of 109,724. The company's 50 day moving average is $291.53 and its 200-day moving average is $340.45. Cable One, Inc. has a 12-month low of $225.94 and a 12-month high of $452.72. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $1.44 billion, a PE ratio of 5.93 and a beta of 0.93.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.62%. Cable One's payout ratio is currently 229.57%.

Insider Transactions at Cable One

In related news, Director Wallace R. Weitz bought 1,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was bought at an average price of $244.02 per share, with a total value of $244,020.00. Following the purchase, the director now directly owns 5,584 shares of the company's stock, valued at approximately $1,362,607.68. This represents a 21.82 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by insiders.

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.