Boston Trust Walden Corp Sells 6,412 Shares of Cable One, Inc. (NYSE:CABO)

Boston Trust Walden Corp trimmed its position in Cable One, Inc. (NYSE:CABO - Free Report) by 8.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 68,421 shares of the company's stock after selling 6,412 shares during the period. Boston Trust Walden Corp owned approximately 1.22% of Cable One worth $24,221,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. raised its position in shares of Cable One by 11.0% in the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company's stock valued at $207,409,000 after acquiring an additional 48,513 shares during the period. Massachusetts Financial Services Co. MA raised its holdings in Cable One by 11.5% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 268,504 shares of the company's stock worth $149,447,000 after buying an additional 27,635 shares during the period. Burgundy Asset Management Ltd. raised its holdings in Cable One by 26.2% during the 1st quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company's stock worth $86,353,000 after buying an additional 42,376 shares during the period. Canada Pension Plan Investment Board raised its holdings in Cable One by 1,906.2% during the 1st quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company's stock worth $67,911,000 after buying an additional 152,496 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Cable One by 16.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 110,375 shares of the company's stock worth $61,435,000 after buying an additional 15,907 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Stock Down 0.7 %

Shares of NYSE CABO traded down $2.52 during midday trading on Friday, reaching $365.17. The company's stock had a trading volume of 97,852 shares, compared to its average volume of 111,579. The company has a current ratio of 1.86, a quick ratio of 1.86 and a debt-to-equity ratio of 1.86. Cable One, Inc. has a fifty-two week low of $318.68 and a fifty-two week high of $675.72. The stock has a market capitalization of $2.05 billion, a price-to-earnings ratio of 8.36 and a beta of 0.83. The stock has a 50 day simple moving average of $365.21 and a 200-day simple moving average of $402.37.

Cable One (NYSE:CABO - Get Free Report) last released its earnings results on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.84%. The firm had revenue of $394.46 million during the quarter, compared to the consensus estimate of $400.64 million. During the same period in the prior year, the business posted $10.43 earnings per share. Cable One's quarterly revenue was down 7.0% compared to the same quarter last year. Equities research analysts predict that Cable One, Inc. will post 32.21 earnings per share for the current year.

Cable One Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 13th. Investors of record on Tuesday, August 27th will be paid a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $11.80 annualized dividend and a dividend yield of 3.23%. Cable One's dividend payout ratio is presently 27.02%.

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, May 21st. The stock was acquired at an average cost of $369.98 per share, with a total value of $369,980.00. Following the completion of the purchase, the director now owns 4,565 shares of the company's stock, valued at $1,688,958.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have commented on the stock. Wells Fargo & Company dropped their target price on shares of Cable One from $400.00 to $350.00 and set an "underweight" rating on the stock in a report on Friday, May 3rd. TD Cowen lowered their price objective on shares of Cable One from $650.00 to $456.00 and set a "hold" rating on the stock in a report on Friday, May 3rd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of Cable One from $470.00 to $480.00 and gave the company a "neutral" rating in a report on Tuesday, August 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $533.33.

Cable One 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.