Prudential Financial Inc. Sells 1,335 Shares of Cable One, Inc. (NYSE:CABO)

Prudential Financial Inc. cut its position in shares of Cable One, Inc. (NYSE:CABO) by 12.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 9,803 shares of the company’s stock after selling 1,335 shares during the quarter. Prudential Financial Inc. owned about 0.17% of Cable One worth $3,898,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. AlphaQuest LLC acquired a new stake in Cable One during the 4th quarter worth about $49,000. Sound Income Strategies LLC bought a new stake in shares of Cable One during the 4th quarter valued at about $50,000. Public Employees Retirement System of Ohio grew its stake in Cable One by 20.4% during the third quarter. Public Employees Retirement System of Ohio now owns 171 shares of the company’s stock worth $60,000 after purchasing an additional 29 shares during the period. KBC Group NV increased its holdings in Cable One by 45.0% in the fourth quarter. KBC Group NV now owns 232 shares of the company’s stock worth $84,000 after purchasing an additional 72 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its stake in Cable One by 523.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 262 shares of the company’s stock valued at $95,000 after buying an additional 220 shares during the period. Institutional investors own 89.92% of the company’s stock.

Insider Transactions at Cable One

In related news, Director Wallace R. Weitz bought 1,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 4th. The shares were bought at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the transaction, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. This represents a 21.82 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.70% of the stock is currently owned by insiders.

Cable One Price Performance

Shares of CABO opened at $270.08 on Wednesday. The business’s fifty day moving average is $278.74 and its 200 day moving average is $335.69. Cable One, Inc. has a 12-month low of $225.94 and a 12-month high of $437.00. 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 stock has a market cap of $1.52 billion, a P/E ratio of 6.25 and a beta of 0.93.

Cable One Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a dividend yield of 4.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One’s dividend payout ratio is currently 229.57%.

Analyst Upgrades and Downgrades

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

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.