Cable One, Inc. (NYSE:CABO) Position Trimmed by Boston Trust Walden Corp

Boston Trust Walden Corp trimmed its stake in Cable One, Inc. (NYSE:CABO) by 5.9% in the third quarter, Holdings Channel.com reports. The firm owned 64,372 shares of the company’s stock after selling 4,049 shares during the quarter. Boston Trust Walden Corp’s holdings in Cable One were worth $22,517,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in the stock. Vanguard Group Inc. grew its holdings in shares of Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock valued at $207,409,000 after acquiring an additional 48,513 shares in the last quarter. Burgundy Asset Management Ltd. grew its stake in Cable One by 42.4% in the second quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock valued at $102,894,000 after purchasing an additional 86,581 shares in the last quarter. Canada Pension Plan Investment Board increased its position in Cable One by 28.1% in the 2nd quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock worth $72,786,000 after purchasing an additional 45,115 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cable One by 6.6% during the 2nd quarter. Dimensional Fund Advisors LP now owns 134,998 shares of the company’s stock worth $47,788,000 after purchasing an additional 8,339 shares in the last quarter. Finally, Private Management Group Inc. lifted its holdings in shares of Cable One by 70.7% during the 2nd quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after buying an additional 47,082 shares during the last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Price Performance

Shares of NYSE:CABO opened at $343.65 on Friday. The stock has a market capitalization of $1.93 billion, a P/E ratio of 7.87 and a beta of 0.84. The business has a 50-day moving average of $344.83 and a two-hundred day moving average of $364.21. Cable One, Inc. has a fifty-two week low of $311.28 and a fifty-two week high of $618.44. The company has a debt-to-equity ratio of 1.87, a current ratio of 1.81 and a quick ratio of 1.81.

Cable One (NYSE:CABO) last posted its earnings results on Thursday, August 1st. The company reported $8.16 earnings per share for the quarter, missing the consensus estimate of $10.36 by ($2.20). Cable One had a return on equity of 12.04% and a net margin of 15.31%. The company had revenue of $394.46 million during the quarter, compared to analyst estimates of $400.64 million. During the same quarter last year, the firm posted $10.43 earnings per share. The firm’s revenue for the quarter was down 7.0% compared to the same quarter last year. On average, equities research analysts predict that Cable One, Inc. will post 30.99 EPS for the current fiscal year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, September 13th. Investors of record on Tuesday, August 27th were issued a $2.95 dividend. The ex-dividend date was Tuesday, August 27th. This represents a $11.80 annualized dividend and a yield of 3.43%. Cable One’s dividend payout ratio (DPR) is presently 27.02%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. increased their price objective on Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Two research analysts have 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 data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $533.33.

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.