M&T Bank Corp Has $213,000 Stock Position in Cable One, Inc. (NYSE:CABO)

M&T Bank Corp lowered its position in Cable One, Inc. (NYSE:CABO) by 71.7% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 611 shares of the company’s stock after selling 1,546 shares during the quarter. M&T Bank Corp’s holdings in Cable One were worth $213,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Abich Financial Wealth Management LLC bought a new position in Cable One in the second quarter worth $45,000. KBC Group NV raised its stake in shares of 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 buying an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio lifted its holdings in shares of Cable One by 20.4% during the 3rd 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 during the period. Innealta Capital LLC acquired a new stake in shares of Cable One during the 2nd quarter valued at about $65,000. Finally, GAMMA Investing LLC increased its stake in Cable One by 32.2% in the third quarter. GAMMA Investing LLC now owns 197 shares of the company’s stock valued at $69,000 after acquiring an additional 48 shares during the period. Institutional investors and hedge funds own 89.92% of the company’s stock.

Cable One Price Performance

Cable One stock opened at $355.67 on Friday. The stock has a market cap of $2.00 billion, a price-to-earnings ratio of 8.23 and a beta of 0.87. Cable One, Inc. has a 12-month low of $311.28 and a 12-month high of $574.53. 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 business’s 50-day simple moving average is $381.61 and its 200 day simple moving average is $366.02.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 3.32%. The ex-dividend date is Tuesday, December 3rd. Cable One’s dividend payout ratio is 27.29%.

Analysts Set New Price Targets

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

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.