Cable One, Inc. (NYSE:CABO) Holdings Decreased by M&T Bank Corp

M&T Bank Corp reduced its holdings in Cable One, Inc. (NYSE:CABO) by 71.7% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 611 shares of the company’s stock after selling 1,546 shares during the period. M&T Bank Corp’s holdings in Cable One were worth $213,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. Abich Financial Wealth Management LLC purchased a new stake in shares of Cable One in the second quarter worth approximately $45,000. 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 worth $56,000 after buying an additional 50 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake 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 valued at $60,000 after buying an additional 29 shares during the period. Innealta Capital LLC purchased a new position in shares of Cable One during the 2nd quarter valued at $65,000. Finally, GAMMA Investing LLC increased its stake in shares of Cable One by 32.2% in 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 last quarter. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Cable One Stock Down 0.9 %

Shares of CABO stock opened at $355.67 on Friday. The stock’s 50 day simple moving average is $381.61 and its 200 day simple moving average is $366.02. Cable One, Inc. has a twelve month low of $311.28 and a twelve month high of $574.53. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market capitalization of $2.00 billion, a price-to-earnings ratio of 8.23 and a beta of 0.87.

Cable One Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $2.95 per share. This represents a $11.80 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend is Tuesday, December 3rd. Cable One’s dividend payout ratio (DPR) is 27.29%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their target price 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 equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $554.40.

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.