Prudential Financial Inc. Sells 1,335 Shares of Cable One, Inc. (NYSE:CABO)

Prudential Financial Inc. decreased its holdings in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 12.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,803 shares of the company's stock after selling 1,335 shares during the quarter. Prudential Financial Inc. owned 0.17% of Cable One worth $3,898,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently bought and sold shares of CABO. LPL Financial LLC grew its stake in Cable One by 19.7% during the 4th quarter. LPL Financial LLC now owns 2,154 shares of the company's stock valued at $780,000 after acquiring an additional 355 shares in the last quarter. KLP Kapitalforvaltning AS acquired a new stake in shares of Cable One during the fourth quarter worth approximately $326,000. Intech Investment Management LLC grew its position in Cable One by 66.8% during the fourth quarter. Intech Investment Management LLC now owns 1,830 shares of the company's stock valued at $663,000 after purchasing an additional 733 shares in the last quarter. Envestnet Portfolio Solutions Inc. acquired a new position in Cable One in the 4th quarter valued at approximately $221,000. Finally, Commonwealth Equity Services LLC purchased a new stake in Cable One in the 4th quarter worth approximately $418,000. 89.92% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Wallace R. Weitz purchased 1,000 shares of the stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the acquisition, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. This trade represents a 21.82 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.70% of the company's stock.

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Cable One Stock Down 3.6 %

Shares of Cable One stock traded down $9.87 during midday trading on Thursday, reaching $266.29. 123,438 shares of the company's stock traded hands, compared to its average volume of 117,152. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One, Inc. has a 52 week low of $225.94 and a 52 week high of $437.00. The company's 50 day simple moving average is $276.34 and its 200 day simple moving average is $334.80. The company has a market cap of $1.50 billion, a price-to-earnings ratio of 6.16 and a beta of 0.93.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were issued a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.43%. Cable One's dividend payout ratio (DPR) is currently 229.57%.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on CABO. KeyCorp lowered their price target on shares of Cable One from $825.00 to $650.00 and set an "overweight" rating on the stock in a report on Friday, February 28th. JPMorgan Chase & Co. lowered their target price on Cable One from $420.00 to $325.00 and set a "neutral" rating on the stock in a research note on Monday, March 3rd. Finally, Wells Fargo & Company cut their price target on Cable One from $340.00 to $240.00 and set an "underweight" rating for the company in a research note on Friday, February 28th.

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.