Cable One, Inc. (NYSE:CABO) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. lifted its stake in Cable One, Inc. (NYSE:CABO) by 4.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 28,572 shares of the company’s stock after purchasing an additional 1,332 shares during the quarter. Principal Financial Group Inc. owned about 0.51% of Cable One worth $10,346,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Speece Thorson Capital Group Inc. grew its position in Cable One by 24.6% in the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock worth $9,566,000 after acquiring an additional 5,394 shares during the period. Hantz Financial Services Inc. grew its position in Cable One by 116.4% in the third quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock worth $1,573,000 after acquiring an additional 2,419 shares during the period. Kingsview Wealth Management LLC grew its position in Cable One by 5.8% in the fourth quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company’s stock worth $8,568,000 after acquiring an additional 1,297 shares during the period. MetLife Investment Management LLC grew its position in Cable One by 129.0% in the third quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock worth $1,140,000 after acquiring an additional 1,836 shares during the period. Finally, Private Management Group Inc. grew its position in Cable One by 2.1% in the third quarter. Private Management Group Inc. now owns 115,999 shares of the company’s stock worth $40,575,000 after acquiring an additional 2,358 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. lowered their price objective on Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Wells Fargo & Company lowered their price target on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research report on Friday. Finally, KeyCorp lowered their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research report on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, Cable One presently has a consensus rating of “Hold” and an average price target of $486.20.

Cable One Trading Down 2.4 %

CABO opened at $260.18 on Friday. Cable One, Inc. has a 52 week low of $250.08 and a 52 week high of $475.00. The business has a fifty day simple moving average of $322.08 and a 200-day simple moving average of $350.59. The firm has a market cap of $1.46 billion, a P/E ratio of 6.02 and a beta of 0.89. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84.

Cable One Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Stockholders 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 annualized dividend and a dividend yield of 4.54%. Cable One’s dividend payout ratio is currently 27.29%.

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.