Cable One, Inc. (NYSE:CABO) Shares Sold by DAVENPORT & Co LLC

DAVENPORT & Co LLC lowered its position in shares of Cable One, Inc. (NYSE:CABO) by 5.8% during the fourth quarter, Holdings Channel reports. The firm owned 59,589 shares of the company’s stock after selling 3,664 shares during the quarter. DAVENPORT & Co LLC’s holdings in Cable One were worth $21,608,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Rothschild & Co Wealth Management UK Ltd grew its position in Cable One by 1.5% during the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock worth $106,608,000 after purchasing an additional 4,352 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Cable One by 1.6% during the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock worth $41,342,000 after buying an additional 1,839 shares during the period. Private Management Group Inc. grew its holdings in shares of Cable One by 2.1% during the third quarter. Private Management Group Inc. now owns 115,999 shares of the company’s stock worth $40,575,000 after buying an additional 2,358 shares during the last quarter. Markel Group Inc. increased its position in Cable One by 11.6% in the 3rd quarter. Markel Group Inc. now owns 60,050 shares of the company’s stock valued at $21,005,000 after acquiring an additional 6,250 shares during the period. Finally, Wallace Capital Management Inc. raised its stake in Cable One by 7.0% during the 3rd quarter. Wallace Capital Management Inc. now owns 46,724 shares of the company’s stock valued at $16,344,000 after acquiring an additional 3,041 shares during the last quarter. 89.92% of the stock is owned by hedge funds and other institutional investors.

Cable One Stock Up 0.1 %

Shares of NYSE:CABO opened at $303.27 on Monday. The company has a market cap of $1.70 billion, a price-to-earnings ratio of 7.01 and a beta of 0.89. Cable One, Inc. has a fifty-two week low of $297.52 and a fifty-two week high of $566.88. The firm’s 50-day simple moving average is $366.32 and its 200-day simple moving average is $363.87. 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 firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 3.89%. The ex-dividend date of this dividend was Tuesday, December 3rd. Cable One’s payout ratio is 27.29%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their target price on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and an average target price of $554.40.

Cable One 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.