US Bancorp DE Cuts Stock Position in Cable One, Inc. (NYSE:CABO)

US Bancorp DE trimmed its holdings in Cable One, Inc. (NYSE:CABO) by 24.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 197 shares of the company’s stock after selling 65 shares during the period. US Bancorp DE’s holdings in Cable One were worth $71,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Sound Income Strategies LLC purchased a new position in Cable One in the 4th quarter worth approximately $50,000. KBC Group NV lifted its holdings in shares of Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company’s stock worth $56,000 after buying an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Cable One by 20.4% in the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after buying an additional 29 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in shares of 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. Finally, Global Retirement Partners LLC increased its holdings in Cable One by 15.5% in the 4th quarter. Global Retirement Partners LLC now owns 343 shares of the company’s stock valued at $124,000 after acquiring an additional 46 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Insider Buying and Selling at Cable One

In other news, Director Wallace R. Weitz acquired 1,000 shares of the business’s stock in a transaction on 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 completion of the transaction, the director now directly owns 5,584 shares of the company’s stock, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.70% of the company’s stock.

Cable One Stock Performance

Shares of NYSE:CABO opened at $239.09 on Tuesday. The firm has a fifty day simple moving average of $295.97 and a two-hundred day simple moving average of $341.83. Cable One, Inc. has a 52 week low of $225.94 and a 52 week high of $452.72. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The stock has a market capitalization of $1.35 billion, a P/E ratio of 5.53 and a beta of 0.93.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were paid a dividend of $2.95 per share. The ex-dividend date was Tuesday, February 18th. This represents a $11.80 annualized dividend and a yield of 4.94%. Cable One’s payout ratio is currently 229.57%.

Analyst Upgrades and Downgrades

Several research analysts have commented on CABO shares. Wells Fargo & Company dropped their price objective on shares of Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a report on Friday, February 28th. KeyCorp dropped their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, JPMorgan Chase & Co. reduced their price objective on Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd.

Cable One Company 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.