Cable One, Inc. (NYSE:CABO) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 52.6% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 27,240 shares of the company's stock after selling 30,240 shares during the period. Principal Financial Group Inc. owned 0.48% of Cable One worth $9,528,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Private Management Group Inc. increased its stake in Cable One by 70.7% in the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company's stock valued at $40,229,000 after buying an additional 47,082 shares during the period. Public Sector Pension Investment Board purchased a new stake in shares of Cable One in the second quarter valued at about $3,554,000. Marshall Wace LLP acquired a new position in shares of Cable One during the second quarter worth about $1,410,000. Speece Thorson Capital Group Inc. lifted its position in Cable One by 24.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company's stock valued at $9,566,000 after purchasing an additional 5,394 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Cable One by 6.6% in the 2nd quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company's stock valued at $47,788,000 after purchasing an additional 8,339 shares in the last quarter. Institutional investors and hedge funds own 89.92% of the company's stock.

Cable One Price Performance

Shares of NYSE CABO traded down $0.49 during midday trading on Tuesday, hitting $362.12. The company had a trading volume of 79,913 shares, compared to its average volume of 100,845. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 8.37 and a beta of 0.87. Cable One, Inc. has a twelve month low of $311.28 and a twelve month high of $574.53. The business has a 50-day simple moving average of $385.01 and a two-hundred day simple moving average of $365.53. 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 company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.26%. The ex-dividend date of this dividend was Tuesday, December 3rd. Cable One's dividend payout ratio (DPR) is 27.29%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. dropped their target price on Cable One from $480.00 to $470.00 and set a "neutral" rating on the stock in a research report on Tuesday, November 12th. 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 stock. According to MarketBeat, the company currently has an average rating of "Hold" and an average target price of $554.40.

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.