Charles Schwab Investment Management Inc. Has $31.42 Million Stock Holdings in Cable One, Inc. (NYSE:CABO)

Charles Schwab Investment Management Inc. raised its stake in shares of Cable One, Inc. (NYSE:CABO) by 8.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 86,776 shares of the company’s stock after purchasing an additional 7,055 shares during the period. Charles Schwab Investment Management Inc. owned 1.54% of Cable One worth $31,423,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Proficio Capital Partners LLC acquired a new stake in shares of Cable One in the fourth quarter worth $10,491,000. Eagle Asset Management Inc. grew its stake in shares of Cable One by 24.9% in the third quarter. Eagle Asset Management Inc. now owns 42,966 shares of the company’s stock worth $15,029,000 after acquiring an additional 8,563 shares during the last quarter. Point72 Asset Management L.P. grew its stake in shares of Cable One by 476.9% in the third quarter. Point72 Asset Management L.P. now owns 9,000 shares of the company’s stock worth $3,148,000 after acquiring an additional 7,440 shares during the last quarter. Rothschild & Co Wealth Management UK Ltd grew its stake in shares of Cable One by 1.5% in the fourth 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. Finally, Wallace Capital Management Inc. grew its stake in shares of Cable One by 7.0% in the third quarter. Wallace Capital Management Inc. now owns 46,724 shares of the company’s stock worth $16,344,000 after acquiring an additional 3,041 shares during the last quarter. Institutional investors and hedge funds own 89.92% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insider Buying and Selling at Cable One

In related news, Director Wallace R. Weitz acquired 1,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The stock was bought at an average cost of $244.02 per share, with a total value of $244,020.00. Following the completion of the acquisition, the director now owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

Cable One Stock Down 3.8 %

Shares of CABO stock opened at $227.34 on Monday. The stock has a market cap of $1.28 billion, a P/E ratio of 5.26 and a beta of 0.93. Cable One, Inc. has a one year low of $225.94 and a one year high of $452.72. The stock has a fifty day moving average price of $298.47 and a 200 day moving average price of $342.69. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were issued a dividend of $2.95 per share. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 5.19%. Cable One’s payout ratio is presently 229.57%.

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.