Folger Nolan Fleming Douglas Capital Management Inc. continued to hold its stake in Cable One Inc (NYSE:CABO) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 392 shares of the company’s stock at the end of the first quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Cable One were worth $245,000 as of its most recent filing with the SEC.
Other large investors have also recently added to or reduced their stakes in the company. Quantbot Technologies LP bought a new position in shares of Cable One during the first quarter worth about $115,000. US Bancorp DE increased its position in shares of Cable One by 2.6% in the third quarter. US Bancorp DE now owns 198 shares of the company’s stock worth $116,000 after buying an additional 5 shares during the period. Envestnet Asset Management Inc. bought a new position in shares of Cable One during the fourth quarter worth about $187,000. World Asset Management Inc bought a new position in shares of Cable One during the first quarter worth about $202,000. Finally, Sphera Funds Management LTD. bought a new position in shares of Cable One during the third quarter worth about $216,000. Institutional investors and hedge funds own 69.17% of the company’s stock.
Shares of Cable One Inc (NYSE:CABO) traded up 0.93% on Friday, hitting $688.25. The company had a trading volume of 55,197 shares. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of 37.65 and a beta of 0.32. The stock’s 50-day moving average is $659.33 and its 200 day moving average is $626.07. Cable One Inc has a 52 week low of $471.24 and a 52 week high of $693.80.
Cable One (NYSE:CABO) last issued its quarterly earnings data on Thursday, May 4th. The company reported $5.80 EPS for the quarter, beating the consensus estimate of $5.62 by $0.18. Cable One had a return on equity of 23.31% and a net margin of 12.33%. The company had revenue of $207.43 million for the quarter, compared to analyst estimates of $205.97 million. During the same period last year, the company earned $4.65 earnings per share. Cable One’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities analysts expect that Cable One Inc will post $25.08 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 2nd. Shareholders of record on Tuesday, May 16th will be issued a $1.50 dividend. This represents a $6.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Friday, May 12th. Cable One’s payout ratio is currently 34.60%.
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A number of brokerages recently issued reports on CABO. Zacks Investment Research downgraded Cable One from a “buy” rating to a “sell” rating in a research note on Wednesday, May 10th. SunTrust Banks, Inc. began coverage on Cable One in a research note on Tuesday, April 18th. They set a “buy” rating and a $715.00 price objective for the company.
In other Cable One news, Director Katharine Weymouth sold 5,000 shares of the firm’s stock in a transaction that occurred on Monday, March 6th. The stock was sold at an average price of $627.56, for a total value of $3,137,800.00. Following the sale, the director now directly owns 8,159 shares of the company’s stock, valued at $5,120,262.04. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kevin P. Coyle sold 497 shares of the firm’s stock in a transaction that occurred on Wednesday, March 8th. The shares were sold at an average price of $633.94, for a total value of $315,068.18. Following the completion of the sale, the chief financial officer now directly owns 4,440 shares in the company, valued at $2,814,693.60. The disclosure for this sale can be found here. 1.10% of the stock is currently owned by company insiders.
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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