Cable One, Inc. (NYSE:CABO) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp lowered its holdings in Cable One, Inc. (NYSE:CABO) by 2.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,385 shares of the company’s stock after selling 48 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in Cable One were worth $864,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in CABO. Rothschild & Co Wealth Management UK Ltd boosted its stake in Cable One by 1.5% in the 4th quarter. Rothschild & Co Wealth Management UK Ltd now owns 294,400 shares of the company’s stock worth $106,608,000 after buying an additional 4,352 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Cable One by 1.6% in the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company’s stock worth $41,342,000 after acquiring an additional 1,839 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in Cable One by 8.8% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock valued at $31,423,000 after purchasing an additional 7,055 shares during the period. Raymond James Financial Inc. acquired a new position in Cable One during the fourth quarter worth approximately $28,129,000. Finally, Bank of New York Mellon Corp raised its stake in Cable One by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company’s stock worth $26,439,000 after purchasing an additional 2,627 shares during the period. 89.92% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Wallace R. Weitz purchased 1,000 shares of the firm’s stock in a transaction on Tuesday, March 4th. The stock was purchased at an average price of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now directly owns 5,584 shares in the company, valued at $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.70% of the company’s stock.

Cable One Stock Performance

NYSE:CABO opened at $270.08 on Wednesday. Cable One, Inc. has a twelve month low of $225.94 and a twelve month high of $437.00. The firm has a market capitalization of $1.52 billion, a price-to-earnings ratio of 6.25 and a beta of 0.93. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 1.84. The firm’s fifty day simple moving average is $278.74 and its 200 day simple moving average is $335.69.

Cable One Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, March 7th. Stockholders of record on Tuesday, February 18th were given a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend was Tuesday, February 18th. Cable One’s payout ratio is 229.57%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on CABO shares. JPMorgan Chase & Co. lowered their price objective on shares of Cable One from $420.00 to $325.00 and set a “neutral” rating for the company in a research note on Monday, March 3rd. KeyCorp dropped their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Finally, Wells Fargo & Company decreased their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a report on Friday, February 28th.

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.