Geode Capital Management LLC Has $41.34 Million Stock Holdings in Cable One, Inc. (NYSE:CABO)

Geode Capital Management LLC grew its stake in Cable One, Inc. (NYSE:CABO) by 1.6% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 118,170 shares of the company’s stock after purchasing an additional 1,839 shares during the quarter. Geode Capital Management LLC owned about 2.10% of Cable One worth $41,342,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Public Employees Retirement System of Ohio increased 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 acquiring an additional 29 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Cable One by 2.1% in the second quarter. Raymond James Trust N.A. now owns 1,581 shares of the company’s stock valued at $560,000 after buying an additional 33 shares in the last quarter. Bfsg LLC increased its position in shares of Cable One by 3.5% during the third quarter. Bfsg LLC now owns 971 shares of the company’s stock worth $340,000 after acquiring an additional 33 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Cable One by 32.2% during the third quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock worth $69,000 after acquiring an additional 48 shares during the period. Finally, KBC Group NV lifted its position in Cable One by 45.5% in the 3rd 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. 89.92% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, Cable One currently has an average rating of “Hold” and an average target price of $554.40.

Cable One Stock Up 0.4 %

Cable One stock opened at $368.80 on Wednesday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The company has a fifty day simple moving average of $383.41 and a 200 day simple moving average of $365.35. The company has a market cap of $2.07 billion, a P/E ratio of 8.53 and a beta of 0.87. Cable One, Inc. has a 1-year low of $311.28 and a 1-year high of $574.53.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd were paid a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.20%. The ex-dividend date of this dividend was Tuesday, December 3rd. Cable One’s dividend payout ratio is currently 27.29%.

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.