Cable One (NYSE:CABO) Given New $400.00 Price Target at Wells Fargo & Company

Cable One (NYSE:CABO - Free Report) had its target price cut by Wells Fargo & Company from $460.00 to $400.00 in a research report report published on Friday morning, Benzinga reports. They currently have an underweight rating on the stock.

Other equities analysts have also recently issued research reports about the company. KeyCorp dropped their price objective on Cable One from $900.00 to $881.00 and set an overweight rating for the company in a report on Thursday. Moffett Nathanson upgraded Cable One from a neutral rating to a buy rating and set a $615.00 price objective for the company in a report on Tuesday, March 5th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and an average price target of $627.80.

Cable One Trading Down 4.4 %

CABO traded down $17.98 during trading hours on Friday, reaching $392.65. 223,211 shares of the company's stock traded hands, compared to its average volume of 86,697. The firm has a 50-day moving average price of $463.36 and a 200 day moving average price of $533.03. Cable One has a 52-week low of $388.69 and a 52-week high of $768.75. The company has a quick ratio of 1.69, a current ratio of 1.69 and a debt-to-equity ratio of 1.94. The firm has a market capitalization of $2.20 billion, a PE ratio of 8.69 and a beta of 0.80.

Cable One (NYSE:CABO - Get Free Report) last posted its quarterly earnings data on Thursday, February 22nd. The company reported $10.66 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $12.86 by ($2.20). Cable One had a net margin of 15.94% and a return on equity of 13.65%. The business had revenue of $411.82 million for the quarter, compared to analysts' expectations of $417.66 million. As a group, sell-side analysts predict that Cable One will post 43.36 EPS for the current fiscal year.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 8th. Shareholders of record on Tuesday, February 20th were issued a $2.95 dividend. This represents a $11.80 annualized dividend and a dividend yield of 3.01%. The ex-dividend date was Friday, February 16th. Cable One's dividend payout ratio is 26.12%.

Insiders Place Their Bets

In other Cable One news, insider Christopher D. Boone sold 204 shares of the company's stock in a transaction on Tuesday, March 5th. The stock was sold at an average price of $460.00, for a total value of $93,840.00. Following the completion of the sale, the insider now directly owns 1,854 shares in the company, valued at approximately $852,840. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.30% of the company's stock.

Institutional Investors Weigh In On Cable One

Hedge funds have recently made changes to their positions in the stock. 1832 Asset Management L.P. purchased a new stake in shares of Cable One during the 1st quarter worth $58,000. Bfsg LLC purchased a new stake in shares of Cable One during the 4th quarter worth $28,000. Spire Wealth Management purchased a new stake in shares of Cable One during the 4th quarter worth $46,000. KBC Group NV lifted its stake in shares of Cable One by 987.5% during the 4th quarter. KBC Group NV now owns 87 shares of the company's stock worth $49,000 after purchasing an additional 79 shares during the last quarter. Finally, Principal Securities Inc. purchased a new stake in shares of Cable One during the 4th quarter worth $53,000. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

About Cable One

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.