Boston Trust Walden Corp Decreases Stake in Cable One, Inc. (NYSE:CABO)

Boston Trust Walden Corp lowered its position in Cable One, Inc. (NYSE:CABO) by 3.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 62,152 shares of the company’s stock after selling 2,220 shares during the quarter. Boston Trust Walden Corp owned 1.11% of Cable One worth $22,506,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new stake in Cable One during the fourth quarter valued at about $50,000. KBC Group NV raised its position in shares of Cable One by 45.5% during the 3rd quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after purchasing an additional 50 shares during the period. Public Employees Retirement System of Ohio increased its holdings in shares of Cable One by 20.4% in the 3rd quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after acquiring an additional 29 shares during the period. GAMMA Investing LLC raised its stake in Cable One by 32.2% during the 3rd quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock valued at $69,000 after acquiring an additional 48 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Cable One by 523.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock valued at $95,000 after acquiring an additional 220 shares in the last quarter. 89.92% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Cable One Trading Down 5.4 %

Shares of CABO opened at $287.63 on Tuesday. The firm has a market capitalization of $1.62 billion, a price-to-earnings ratio of 6.65 and a beta of 0.90. The stock’s 50-day moving average price is $363.55 and its 200 day moving average price is $363.33. Cable One, Inc. has a 12-month low of $282.48 and a 12-month high of $515.49. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd were paid a dividend of $2.95 per share. The ex-dividend date was Tuesday, December 3rd. This represents a $11.80 annualized dividend and a yield of 4.10%. Cable One’s dividend payout ratio is currently 27.29%.

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.