Cabot Wealth Management Inc. reduced its position in shares of Cable One, Inc. (NYSE:CABO) by 4.8% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,346 shares of the company’s stock after selling 217 shares during the period. Cabot Wealth Management Inc. owned 0.08% of Cable One worth $3,090,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of CABO. Quantbot Technologies LP purchased a new position in shares of Cable One during the first quarter worth $115,000. US Bancorp DE boosted its position in shares of Cable One by 16.2% in the first quarter. US Bancorp DE now owns 230 shares of the company’s stock worth $144,000 after buying an additional 32 shares during the last quarter. Stonebridge Capital Management Inc. purchased a new position in shares of Cable One during the second quarter worth $213,000. Envestnet Asset Management Inc. boosted its position in shares of Cable One by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock worth $192,000 after buying an additional 8 shares during the last quarter. Finally, World Asset Management Inc purchased a new position in shares of Cable One during the first quarter worth $202,000. Hedge funds and other institutional investors own 75.66% of the company’s stock.
Cable One, Inc. (CABO) traded up 1.07% on Friday, reaching $740.00. The company’s stock had a trading volume of 29,101 shares. The stock has a 50 day moving average price of $740.27 and a 200-day moving average price of $684.01. Cable One, Inc. has a 1-year low of $527.75 and a 1-year high of $788.00. The company has a market capitalization of $4.24 billion, a price-to-earnings ratio of 39.74 and a beta of 0.30.
Cable One (NYSE:CABO) last issued its quarterly earnings data on Tuesday, August 8th. The company reported $4.97 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $5.10 by $0.13. The business had revenue of $241 million during the quarter, compared to the consensus estimate of $247.02 million. Cable One had a return on equity of 22.83% and a net margin of 12.44%. The company’s revenue for the quarter was up 17.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $4.62 earnings per share. Equities analysts predict that Cable One, Inc. will post $20.60 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 1st. Investors of record on Tuesday, August 15th will be issued a $1.75 dividend. The ex-dividend date is Friday, August 11th. This is a boost from Cable One’s previous quarterly dividend of $1.50. This represents a $7.00 dividend on an annualized basis and a yield of 0.95%. Cable One’s dividend payout ratio is currently 37.57%.
A number of research analysts recently weighed in on the company. Zacks Investment Research upgraded Cable One from a “hold” rating to a “buy” rating and set a $837.00 target price on the stock in a report on Thursday, August 10th. BidaskClub cut Cable One from a “strong-buy” rating to a “buy” rating in a report on Friday, August 11th. Raymond James Financial, Inc. lifted their target price on Cable One from $785.00 to $815.00 and gave the company an “outperform” rating in a report on Wednesday, August 9th. Finally, TheStreet upgraded Cable One from a “c” rating to a “b-” rating in a report on Monday, June 12th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and three have issued a buy rating to the stock. Cable One presently has a consensus rating of “Hold” and a consensus price target of $693.75.
In related news, SVP Eric Michael Lardy sold 322 shares of the company’s stock in a transaction on Friday, June 16th. The shares were sold at an average price of $725.00, for a total value of $233,450.00. Following the completion of the sale, the senior vice president now directly owns 2,542 shares in the company, valued at $1,842,950. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Julia M. Laulis sold 867 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total transaction of $638,415.45. Following the transaction, the chief executive officer now directly owns 7,642 shares of the company’s stock, valued at approximately $5,627,186.70. The disclosure for this sale can be found here. Insiders sold 9,889 shares of company stock valued at $7,122,222 over the last quarter. 1.30% of the stock is currently owned by corporate insiders.
About Cable One
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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