Cable One, Inc. (NYSE:CABO) Shares Purchased by Kingsview Wealth Management LLC

Kingsview Wealth Management LLC grew its stake in Cable One, Inc. (NYSE:CABO - Free Report) by 5.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,660 shares of the company's stock after purchasing an additional 1,297 shares during the period. Kingsview Wealth Management LLC owned approximately 0.42% of Cable One worth $8,568,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of CABO. Public Employees Retirement System of Ohio boosted its position 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 in the last quarter. Bfsg LLC lifted its position in shares of Cable One by 3.5% during the 3rd quarter. Bfsg LLC now owns 971 shares of the company's stock valued at $340,000 after acquiring an additional 33 shares during the period. Sanctuary Advisors LLC boosted its stake in shares of Cable One by 3.1% during the 3rd quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company's stock worth $505,000 after acquiring an additional 43 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Cable One by 32.2% during the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company's stock worth $69,000 after acquiring an additional 48 shares in the last quarter. Finally, KBC Group NV increased its stake in Cable One by 45.5% in the 3rd quarter. KBC Group NV now owns 160 shares of the company's stock valued at $56,000 after purchasing an additional 50 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lowered their target price on Cable One from $480.00 to $470.00 and set a "neutral" rating on the stock in a report on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $554.40.

Cable One Trading Down 1.2 %

CABO stock traded down $3.29 during midday trading on Wednesday, hitting $279.32. The stock had a trading volume of 140,308 shares, compared to its average volume of 116,304. Cable One, Inc. has a 12-month low of $271.18 and a 12-month high of $505.99. The firm has a market cap of $1.57 billion, a PE ratio of 6.46 and a beta of 0.89. The company's 50-day moving average price is $344.68 and its 200 day moving average price is $359.73. 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 Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 4.22%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One's dividend payout ratio (DPR) is 27.29%.

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.