Wells Fargo & Company reiterated their market perform rating on shares of Cable One, Inc. (NYSE:CABO) in a report published on Monday. They currently have a $700.00 price objective on the stock, down from their previous price objective of $761.00.
Several other equities analysts also recently issued reports on CABO. Raymond James Financial, Inc. lifted their price objective on Cable One from $785.00 to $815.00 and gave the company an outperform rating in a research report on Wednesday, August 9th. Zacks Investment Research upgraded Cable One from a hold rating to a buy rating and set a $837.00 price objective for the company in a research report on Thursday, August 10th. BidaskClub downgraded Cable One from a strong-buy rating to a buy rating in a research report on Friday, August 11th. SunTrust Banks, Inc. reiterated a buy rating and issued a $815.00 price objective on shares of Cable One in a research report on Friday. Finally, J P Morgan Chase & Co downgraded Cable One from a neutral rating to an underweight rating in a research report on Monday. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of Hold and an average price target of $705.00.
Shares of Cable One (CABO) traded down $13.62 during mid-day trading on Monday, reaching $670.36. The company had a trading volume of 56,800 shares, compared to its average volume of 35,867. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.21. Cable One has a twelve month low of $564.26 and a twelve month high of $788.00. The firm has a market cap of $3,918.78, a price-to-earnings ratio of 33.40, a price-to-earnings-growth ratio of 10.27 and a beta of 0.24.
Cable One (NYSE:CABO) last issued its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ 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 firm had revenue of $253.85 million during the quarter, compared to the consensus estimate of $255.68 million. During the same quarter in the previous year, the company posted $3.63 EPS. The business’s revenue for the quarter was up 23.5% compared to the same quarter last year. research analysts anticipate that Cable One will post 22.2 EPS for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Tuesday, November 21st will be given a dividend of $1.75 per share. The ex-dividend date of this dividend is Monday, November 20th. This represents a $7.00 dividend on an annualized basis and a dividend yield of 1.04%. Cable One’s payout ratio is currently 34.18%.
In other news, CEO Julia M. Laulis sold 867 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total transaction of $638,415.45. Following the completion of the sale, the chief executive officer now owns 7,642 shares in the company, valued at $5,627,186.70. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Michael E. Bowker sold 1,244 shares of the business’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $740.59, for a total value of $921,293.96. Following the sale, the chief operating officer now owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,561 shares of company stock valued at $1,893,119. 1.30% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its holdings in Cable One by 28.3% in the second quarter. Victory Capital Management Inc. now owns 163 shares of the company’s stock valued at $116,000 after purchasing an additional 36 shares during the last quarter. US Bancorp DE increased its holdings in Cable One by 19.6% in the second quarter. US Bancorp DE now owns 275 shares of the company’s stock valued at $196,000 after purchasing an additional 45 shares during the last quarter. Palisade Asset Management LLC bought a new stake in Cable One in the third quarter valued at about $202,000. Virtu KCG Holdings LLC bought a new stake in Cable One in the second quarter valued at about $209,000. Finally, Stonebridge Capital Management Inc. bought a new stake in Cable One in the second quarter valued at about $213,000. Institutional investors and hedge funds own 70.35% of the company’s stock.
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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