Cable One (NYSE:CABO) Price Target Cut to $240.00 by Analysts at Wells Fargo & Company

Cable One (NYSE:CABO) had its price target trimmed by Wells Fargo & Company from $340.00 to $240.00 in a research report report published on Friday morning,Benzinga reports. The brokerage currently has an underweight rating on the stock.

A number of other analysts have also issued reports on CABO. JPMorgan Chase & Co. dropped their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 12th. KeyCorp dropped their price target on shares of Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research note on Friday. One 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’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $486.20.

Cable One Stock Performance

Shares of NYSE:CABO opened at $260.18 on Friday. The business’s 50-day simple moving average is $322.08 and its 200 day simple moving average is $350.59. The company has a market cap of $1.46 billion, a P/E ratio of 6.02 and a beta of 0.89. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One has a one year low of $250.08 and a one year high of $475.00.

Cable One Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th will be paid a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a dividend yield of 4.54%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is currently 27.29%.

Institutional Investors Weigh In On Cable One

Several hedge funds and other institutional investors have recently modified their holdings of CABO. Speece Thorson Capital Group Inc. lifted its position in shares of Cable One by 24.6% during the third quarter. Speece Thorson Capital Group Inc. now owns 27,348 shares of the company’s stock worth $9,566,000 after purchasing an additional 5,394 shares during the last quarter. Hantz Financial Services Inc. lifted its holdings in Cable One by 116.4% during the 3rd quarter. Hantz Financial Services Inc. now owns 4,497 shares of the company’s stock worth $1,573,000 after buying an additional 2,419 shares during the last quarter. Kingsview Wealth Management LLC lifted its holdings in Cable One by 5.8% during the 4th quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company’s stock worth $8,568,000 after buying an additional 1,297 shares during the last quarter. MetLife Investment Management LLC grew its position in shares of Cable One by 129.0% in the 3rd quarter. MetLife Investment Management LLC now owns 3,259 shares of the company’s stock worth $1,140,000 after acquiring an additional 1,836 shares in the last quarter. Finally, Private Management Group Inc. increased its holdings in shares of Cable One by 2.1% in the 3rd quarter. Private Management Group Inc. now owns 115,999 shares of the company’s stock valued at $40,575,000 after acquiring an additional 2,358 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

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.