JPMorgan Chase & Co. Lowers Cable One (NYSE:CABO) Price Target to $325.00

Cable One (NYSE:CABO) had its target price trimmed by JPMorgan Chase & Co. from $420.00 to $325.00 in a research report released on Monday,Benzinga reports. The brokerage currently has a neutral rating on the stock.

CABO has been the topic of a number of other research reports. KeyCorp dropped their price objective on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a report on Friday, February 28th. Wells Fargo & Company dropped their price objective on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a report on Friday, February 28th.

Cable One Trading Down 0.4 %

Shares of CABO stock opened at $253.43 on Monday. The business’s fifty day moving average price is $315.10 and its 200 day moving average price is $347.71. Cable One has a 1-year low of $239.29 and a 1-year high of $470.87. The firm has a market capitalization of $1.42 billion, a PE ratio of 5.86 and a beta of 0.89. The company has a debt-to-equity ratio of 1.84, a current ratio of 0.93 and a quick ratio of 0.93.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be given a dividend of $2.95 per share. The ex-dividend date is Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.66%. Cable One’s payout ratio is 229.57%.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz bought 1,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the completion of the transaction, the director now owns 5,584 shares in the company, valued at $1,362,607.68. This trade represents a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

Institutional Trading of Cable One

Institutional investors and hedge funds have recently made changes to their positions in the stock. AlphaQuest LLC purchased a new stake in shares of Cable One in the fourth quarter valued at $49,000. Sound Income Strategies LLC purchased a new stake in shares of Cable One in the fourth quarter valued at $50,000. KBC Group NV lifted its position in shares of Cable One by 45.5% in the third quarter. KBC Group NV now owns 160 shares of the company’s stock valued at $56,000 after acquiring an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio lifted its position 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 valued at $60,000 after acquiring an additional 29 shares in the last quarter. Finally, Federated Hermes Inc. lifted its position in shares of Cable One by 201.8% in the fourth quarter. Federated Hermes Inc. now owns 166 shares of the company’s stock valued at $60,000 after acquiring an additional 111 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

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.