Cable One, Inc. (NYSE:CABO) Director Wallace R. Weitz Buys 1,000 Shares of Stock

Cable One, Inc. (NYSE:CABO) Director Wallace R. Weitz bought 1,000 shares of the business’s stock in a transaction dated Tuesday, March 4th. The shares were acquired at an average cost of $244.02 per share, for a total transaction of $244,020.00. Following the purchase, the director now 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 purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Cable One Stock Down 0.4 %

Cable One stock opened at $253.43 on Thursday. The business has a fifty day moving average of $315.10 and a two-hundred day moving average of $347.71. 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 firm has a market cap of $1.42 billion, a P/E ratio of 5.86 and a beta of 0.89. Cable One, Inc. has a twelve month low of $239.29 and a twelve month high of $470.87.

Cable One Dividend Announcement

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

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on CABO. KeyCorp dropped their price objective on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. dropped 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. Finally, 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 research note on Friday, February 28th.

Institutional Trading of Cable One

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Burgundy Asset Management Ltd. lifted its holdings in shares of Cable One by 6.6% during the 4th quarter. Burgundy Asset Management Ltd. now owns 316,384 shares of the company’s stock valued at $114,569,000 after purchasing an additional 19,545 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd raised its stake in Cable One by 1.5% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock worth $106,608,000 after acquiring an additional 4,352 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in Cable One by 6.5% in the 4th quarter. Dimensional Fund Advisors LP now owns 166,756 shares of the company’s stock worth $60,386,000 after acquiring an additional 10,211 shares during the last quarter. Geode Capital Management LLC raised its stake in Cable One by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock worth $41,342,000 after acquiring an additional 1,839 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in Cable One by 8.8% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock worth $31,423,000 after acquiring an additional 7,055 shares during the last quarter. Hedge funds and other institutional investors own 89.92% of the company’s stock.

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.