Fiduciary Management Inc. WI increased its stake in Cable One, Inc. (NYSE:CABO) by 3.4% during the fourth quarter, Holdings Channel reports. The firm owned 115,899 shares of the company’s stock after buying an additional 3,851 shares during the period. Fiduciary Management Inc. WI owned approximately 2.03% of Cable One worth $72,058,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in CABO. US Bancorp DE increased its stake in shares of Cable One by 2.6% in the third quarter. US Bancorp DE now owns 198 shares of the company’s stock valued at $116,000 after buying an additional 5 shares during the period. Legal & General Group Plc increased its stake in shares of Cable One by 1.8% in the second quarter. Legal & General Group Plc now owns 507 shares of the company’s stock valued at $259,000 after buying an additional 9 shares during the period. Municipal Employees Retirement System of Michigan increased its stake in shares of Cable One by 1.0% in the third quarter. Municipal Employees Retirement System of Michigan now owns 1,950 shares of the company’s stock valued at $1,139,000 after buying an additional 20 shares during the period. FMR LLC increased its stake in shares of Cable One by 0.5% in the fourth quarter. FMR LLC now owns 4,098 shares of the company’s stock valued at $2,548,000 after buying an additional 20 shares during the period. Finally, Suntrust Banks Inc. increased its stake in shares of Cable One by 4.2% in the third quarter. Suntrust Banks Inc. now owns 696 shares of the company’s stock valued at $405,000 after buying an additional 28 shares during the period. Institutional investors and hedge funds own 69.17% of the company’s stock.
Shares of Cable One, Inc. (NYSE:CABO) traded up 0.07% on Tuesday, reaching $636.30. The company’s stock had a trading volume of 22,873 shares. The stock has a 50-day moving average of $614.24 and a 200 day moving average of $582.44. The company has a market cap of $3.63 billion, a price-to-earnings ratio of 36.68 and a beta of 0.32. Cable One, Inc. has a 52-week low of $397.01 and a 52-week high of $647.85.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st will be given a dividend of $1.50 per share. The ex-dividend date of this dividend is Thursday, February 16th. This represents a $6.00 dividend on an annualized basis and a yield of 0.94%. Cable One’s dividend payout ratio (DPR) is presently 34.60%.
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A number of research analysts have issued reports on the company. Zacks Investment Research downgraded Cable One from a “hold” rating to a “sell” rating in a research note on Wednesday, November 30th. Moffett Nathanson downgraded Cable One from a “neutral” rating to a “sell” rating and set a $408.00 price objective for the company. in a research note on Wednesday, January 4th.
Cable One Company Profile
Cable One, Inc is a provider of data, video and voice services in approximately 20 Western, Midwestern and Southern states. The Company’s products include Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. It provides these broadband services to residential and business customers in approximately 40 cable systems covering over 400 cities and towns.
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