Prudential Financial Inc. Cuts Stock Position in Cable One, Inc. (NYSE:CABO)

Prudential Financial Inc. decreased its holdings in Cable One, Inc. (NYSE:CABO - Free Report) by 12.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,803 shares of the company's stock after selling 1,335 shares during the period. Prudential Financial Inc. owned 0.17% of Cable One worth $3,898,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the business. Rothschild & Co Wealth Management UK Ltd increased its holdings in Cable One by 1.5% in 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 during the last quarter. Geode Capital Management LLC grew its holdings in Cable One by 1.6% during the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company's stock valued at $41,342,000 after buying an additional 1,839 shares in the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Cable One by 8.8% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company's stock worth $31,423,000 after acquiring an additional 7,055 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Cable One during the 4th quarter valued at approximately $28,129,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of 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 valued at $26,439,000 after purchasing an additional 2,627 shares in the last quarter. Hedge funds and other institutional investors own 89.92% of the company's stock.

Insider Buying and Selling

In related news, Director Wallace R. Weitz purchased 1,000 shares of Cable One stock in a transaction that occurred on Tuesday, March 4th. The shares were 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.70% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

CABO has been the topic of a number of recent research reports. JPMorgan Chase & Co. decreased their price target on shares of Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. KeyCorp decreased their target price 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. Finally, Wells Fargo & Company dropped their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research report on Friday, February 28th.

Cable One Trading Down 4.7 %

Shares of CABO traded down $12.57 during midday trading on Friday, hitting $254.65. The stock had a trading volume of 144,574 shares, compared to its average volume of 117,022. The stock's 50 day moving average is $274.75 and its 200 day moving average is $334.11. The firm has a market cap of $1.43 billion, a PE ratio of 5.89 and a beta of 0.93. 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, Inc. has a 1 year low of $225.94 and a 1 year high of $437.00.

Cable One Announces Dividend

The firm also recently declared 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 was Tuesday, February 18th. This represents a $11.80 annualized dividend and a dividend yield of 4.63%. Cable One's payout ratio is 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.