Haverford Trust Co. held its stake in shares of Cable One, Inc. (NYSE:CABO) during the fourth quarter, Holdings Channel reports. The fund owned 1,217 shares of the company’s stock at the end of the fourth quarter. Haverford Trust Co.’s holdings in Cable One were worth $757,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently added to or reduced their stakes in CABO. Prudential Financial Inc. raised its position in Cable One by 3.6% in the second quarter. Prudential Financial Inc. now owns 3,710 shares of the company’s stock worth $1,898,000 after buying an additional 130 shares during the period. BlackRock Fund Advisors raised its position in Cable One by 9.8% in the third quarter. BlackRock Fund Advisors now owns 172,084 shares of the company’s stock worth $100,497,000 after buying an additional 15,408 shares during the period. BlackRock Inc. raised its position in Cable One by 10.4% in the third quarter. BlackRock Inc. now owns 7,220 shares of the company’s stock worth $4,217,000 after buying an additional 680 shares during the period. Hancock Holding Co. purchased a new position in Cable One during the third quarter worth $16,199,000. Finally, Neuberger Berman Group LLC purchased a new position in Cable One during the second quarter worth $693,000. 69.25% of the stock is currently owned by institutional investors.
Shares of Cable One, Inc. (NYSE:CABO) traded up 0.95% during midday trading on Friday, hitting $638.91. 14,182 shares of the company’s stock traded hands. The stock has a market cap of $3.65 billion, a P/E ratio of 36.83 and a beta of 0.32. Cable One, Inc. has a 52 week low of $399.01 and a 52 week high of $647.85. The company has a 50 day moving average of $613.68 and a 200 day moving average of $580.86.
The company also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Investors of record on Tuesday, February 21st will be given a dividend of $1.50 per share. This represents a $6.00 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend is Thursday, February 16th. Cable One’s dividend payout ratio is currently 34.60%.
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Several equities research analysts have commented on the stock. Moffett Nathanson lowered shares of Cable One from a “neutral” rating to a “sell” rating and set a $408.00 target price on the stock. in a research report on Wednesday, January 4th. Zacks Investment Research lowered shares of Cable One from a “hold” rating to a “sell” rating in a research report on Wednesday, November 30th.
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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