Cable One, Inc. (NYSE:CABO) Shares Acquired by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its position in shares of Cable One, Inc. (NYSE:CABO) by 0.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,480 shares of the company’s stock after purchasing an additional 32 shares during the period. Principal Financial Group Inc. owned about 1.02% of Cable One worth $20,348,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Canada Pension Plan Investment Board grew its holdings in shares of Cable One by 1,906.2% during the first quarter. Canada Pension Plan Investment Board now owns 160,496 shares of the company’s stock worth $67,911,000 after buying an additional 152,496 shares during the last quarter. Norges Bank purchased a new position in shares of Cable One during the fourth quarter worth about $35,195,000. Private Management Group Inc. grew its holdings in shares of Cable One by 648.3% during the first quarter. Private Management Group Inc. now owns 66,559 shares of the company’s stock worth $28,163,000 after buying an additional 57,664 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after buying an additional 48,513 shares during the last quarter. Finally, Burgundy Asset Management Ltd. grew its holdings in shares of Cable One by 26.2% during the first quarter. Burgundy Asset Management Ltd. now owns 204,081 shares of the company’s stock worth $86,353,000 after buying an additional 42,376 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price target on Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat, Cable One presently has an average rating of “Hold” and a consensus price target of $533.33.

Cable One Price Performance

Shares of CABO opened at $354.84 on Wednesday. Cable One, Inc. has a twelve month low of $318.68 and a twelve month high of $671.62. The stock’s 50 day moving average is $363.75 and its two-hundred day moving average is $389.90. The firm has a market capitalization of $1.99 billion, a PE ratio of 8.13 and a beta of 0.83. The company has a current ratio of 1.81, a quick ratio of 1.81 and a debt-to-equity ratio of 1.79.

Cable One (NYSE:CABO) last announced its quarterly earnings data on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). Cable One had a net margin of 15.31% and a return on equity of 11.69%. The business had revenue of $394.46 million during the quarter, compared to analysts’ expectations of $400.64 million. During the same period in the prior year, the firm posted $10.43 EPS. Cable One’s revenue for the quarter was down 7.0% compared to the same quarter last year. Research analysts anticipate that Cable One, Inc. will post 30.99 earnings per share for the current year.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, September 13th. Stockholders of record on Tuesday, August 27th will be paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.33%. The ex-dividend date of this dividend is Tuesday, August 27th. Cable One’s dividend payout ratio (DPR) is 27.02%.

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.