Raymond James Financial Inc. acquired a new stake in Cable One, Inc. (NYSE:CABO - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund acquired 77,678 shares of the company's stock, valued at approximately $28,129,000. Raymond James Financial Inc. owned about 1.38% of Cable One as of its most recent filing with the SEC.
Other institutional investors have also recently bought and sold shares of the company. Hantz Financial Services Inc. raised its position in Cable One by 116.4% in the 3rd quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company's stock valued at $1,573,000 after purchasing an additional 2,419 shares during the last quarter. Kingsview Wealth Management LLC raised its position in Cable One by 5.8% in the 4th quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company's stock valued at $8,568,000 after purchasing an additional 1,297 shares during the last quarter. Proficio Capital Partners LLC bought a new position in Cable One in the 4th quarter valued at $10,491,000. Bank of New York Mellon Corp raised its position in Cable One by 3.7% in the 4th 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 during the last quarter. Finally, Principal Financial Group Inc. raised its position in Cable One by 4.9% in the 4th quarter. Principal Financial Group Inc. now owns 28,572 shares of the company's stock valued at $10,346,000 after purchasing an additional 1,332 shares during the last quarter. Institutional investors own 89.92% of the company's stock.
Insider Buying and Selling at Cable One
In other Cable One news, Director Wallace R. Weitz bought 1,000 shares of the firm's stock in a transaction on Tuesday, March 4th. The stock was purchased at an average cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the purchase, the director now owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.70% of the company's stock.
Cable One Trading Up 3.9 %
Shares of Cable One stock traded up $9.26 during trading on Tuesday, reaching $247.33. 199,032 shares of the company were exchanged, compared to its average volume of 109,671. 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, Inc. has a twelve month low of $225.94 and a twelve month high of $452.72. The business has a 50-day moving average price of $295.97 and a 200-day moving average price of $341.83. The firm has a market capitalization of $1.39 billion, a price-to-earnings ratio of 5.72 and a beta of 0.93.
Cable One Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were paid a dividend of $2.95 per share. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.77%. Cable One's dividend payout ratio (DPR) is presently 229.57%.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the company. Wells Fargo & Company dropped their target price 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. JPMorgan Chase & Co. dropped their target price on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research report on Monday, March 3rd. Finally, KeyCorp dropped their target price on Cable One from $825.00 to $650.00 and set an "overweight" rating for the company in a research report on Friday, February 28th.
View Our Latest Stock Report on CABO
Cable One Company Profile
(
Free Report)
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.
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