Charles Schwab Investment Management Inc. Acquires 7,055 Shares of Cable One, Inc. (NYSE:CABO)

Charles Schwab Investment Management Inc. lifted its holdings in Cable One, Inc. (NYSE:CABO) by 8.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 86,776 shares of the company’s stock after buying an additional 7,055 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in Cable One were worth $31,423,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Rothschild & Co Wealth Management UK Ltd increased its position in Cable One by 1.5% in the fourth quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock worth $106,608,000 after purchasing an additional 4,352 shares during the period. Geode Capital Management LLC increased its position in Cable One by 1.6% in the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock worth $41,342,000 after purchasing an additional 1,839 shares during the period. Bank of New York Mellon Corp increased its position in Cable One by 3.7% in the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company’s stock worth $26,439,000 after purchasing an additional 2,627 shares during the period. Wallace Capital Management Inc. increased its position in Cable One by 7.0% in the third quarter. Wallace Capital Management Inc. now owns 46,724 shares of the company’s stock worth $16,344,000 after purchasing an additional 3,041 shares during the period. Finally, Eagle Asset Management Inc. increased its position in Cable One by 24.9% in the third quarter. Eagle Asset Management Inc. now owns 42,966 shares of the company’s stock worth $15,029,000 after purchasing an additional 8,563 shares during the period. 89.92% of the stock is owned by institutional investors.

Insider Activity

In other Cable One news, Director Wallace R. Weitz acquired 1,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now directly owns 5,584 shares of the company’s stock, valued at approximately $1,362,607.68. This trade represents a 21.82 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.70% of the stock is currently owned by company insiders.

Cable One Price Performance

Cable One stock opened at $227.34 on Monday. The firm has a market capitalization of $1.28 billion, a P/E ratio of 5.26 and a beta of 0.93. Cable One, Inc. has a 1 year low of $225.94 and a 1 year high of $452.72. The business has a 50-day moving average of $298.47 and a 200-day moving average of $342.69. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 5.19%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is presently 229.57%.

Analysts Set New Price Targets

A number of brokerages recently commented on CABO. Wells Fargo & Company lowered their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research report on Friday, February 28th. KeyCorp decreased their target price on Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research report on Friday, February 28th. Finally, JPMorgan Chase & Co. decreased their target price on Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research report on Monday, March 3rd.

About Cable One

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.