SunTrust Banks, Inc. restated their buy rating on shares of Cable One, Inc. (NYSE:CABO) in a research note issued to investors on Friday morning. They currently have a $815.00 price objective on the stock.
A number of other analysts have also recently issued reports on CABO. Zacks Investment Research upgraded Cable One from a hold rating to a buy rating and set a $837.00 target price for the company in a report on Thursday, August 10th. BidaskClub cut Cable One from a strong-buy rating to a buy rating in a report on Friday, August 11th. Finally, Raymond James Financial, Inc. boosted their target price on Cable One from $785.00 to $815.00 and gave the stock an outperform rating in a report on Wednesday, August 9th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company. The stock has an average rating of Hold and a consensus target price of $718.75.
Shares of Cable One (CABO) opened at $683.98 on Friday. The company has a current ratio of 1.34, a quick ratio of 1.23 and a debt-to-equity ratio of 2.21. Cable One has a fifty-two week low of $564.26 and a fifty-two week high of $788.00. The stock has a market capitalization of $3,918.79, a PE ratio of 33.40, a PEG ratio of 11.07 and a beta of 0.24.
Cable One (NYSE:CABO) last issued its earnings results on Wednesday, November 8th. The company reported $5.48 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $5.20 by $0.28. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The business had revenue of $253.85 million during the quarter, compared to analysts’ expectations of $255.68 million. During the same quarter in the previous year, the business earned $3.63 EPS. The company’s revenue for the quarter was up 23.5% on a year-over-year basis. research analysts expect that Cable One will post 22.2 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 21st will be given a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a yield of 1.02%. The ex-dividend date is Monday, November 20th. Cable One’s dividend payout ratio (DPR) is presently 34.18%.
In related news, COO Michael E. Bowker sold 1,244 shares of the business’s stock in a transaction that occurred on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total transaction of $921,293.96. Following the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Julia M. Laulis sold 867 shares of the business’s stock in a transaction that occurred on Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total value of $638,415.45. Following the transaction, the chief executive officer now directly owns 7,642 shares in the company, valued at $5,627,186.70. The disclosure for this sale can be found here. Insiders have sold a total of 2,561 shares of company stock worth $1,893,119 over the last three months. 1.30% of the stock is currently owned by corporate insiders.
Institutional investors and hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. raised its position in shares of Cable One by 28.3% in the 2nd quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after purchasing an additional 36 shares in the last quarter. US Bancorp DE raised its position in shares of Cable One by 19.6% in the 2nd quarter. US Bancorp DE now owns 275 shares of the company’s stock valued at $196,000 after purchasing an additional 45 shares in the last quarter. Palisade Asset Management LLC acquired a new position in shares of Cable One in the 3rd quarter valued at approximately $202,000. Virtu KCG Holdings LLC acquired a new position in shares of Cable One in the 2nd quarter valued at approximately $209,000. Finally, Stonebridge Capital Management Inc. acquired a new position in shares of Cable One in the 2nd quarter valued at approximately $213,000. 70.55% of the stock is currently owned by institutional investors.
Cable One Company Profile
Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.
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