KBC Group NV Raises Holdings in Cable One, Inc. (NYSE:CABO)

KBC Group NV boosted its stake in Cable One, Inc. (NYSE:CABO) by 45.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 232 shares of the company’s stock after buying an additional 72 shares during the quarter. KBC Group NV’s holdings in Cable One were worth $84,000 as of its most recent filing with the SEC.

Several other hedge funds also recently bought and sold shares of CABO. Sound Income Strategies LLC acquired a new position in Cable One in the 4th quarter valued at about $50,000. Rothschild & Co Wealth Management UK Ltd lifted its stake in shares of Cable One by 1.5% during the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock valued at $106,608,000 after buying an additional 4,352 shares during the period. Nisa Investment Advisors LLC boosted its position in Cable One by 523.8% during the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock worth $95,000 after acquiring an additional 220 shares during the last quarter. Nordea Investment Management AB grew its stake in Cable One by 5.6% in the 4th quarter. Nordea Investment Management AB now owns 22,056 shares of the company’s stock worth $7,984,000 after acquiring an additional 1,179 shares during the period. Finally, Oddo BHF Asset Management Sas acquired a new position in Cable One in the 3rd quarter valued at $717,000. Hedge funds and other institutional investors own 89.92% of the company’s stock.

Cable One Price Performance

CABO stock opened at $280.95 on Monday. The company has a market cap of $1.58 billion, a PE ratio of 6.50 and a beta of 0.89. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a 50-day moving average price of $352.69 and a two-hundred day moving average price of $361.52. Cable One, Inc. has a 12-month low of $271.18 and a 12-month high of $513.70.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Investors of record on Tuesday, February 18th will be given a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date is Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is presently 27.29%.

Analysts Set New Price Targets

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