Wells Fargo & Company MN Has $2.82 Million Stake in Cable One, Inc. (NYSE:CABO)

Wells Fargo & Company MN trimmed its stake in shares of Cable One, Inc. (NYSE:CABO - Free Report) by 92.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 7,792 shares of the company's stock after selling 101,393 shares during the period. Wells Fargo & Company MN owned approximately 0.14% of Cable One worth $2,822,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Geode Capital Management LLC increased its stake in Cable One by 1.6% in the third quarter. Geode Capital Management LLC now owns 118,170 shares of the company's stock valued at $41,342,000 after purchasing an additional 1,839 shares in the last quarter. Virtu Financial LLC acquired a new position in Cable One during the third quarter worth $240,000. Sanctuary Advisors LLC boosted its holdings in Cable One by 3.1% during the third quarter. Sanctuary Advisors LLC now owns 1,445 shares of the company's stock worth $505,000 after purchasing an additional 43 shares during the last quarter. Oddo BHF Asset Management Sas acquired a new stake in Cable One in the third quarter valued at $717,000. Finally, Nordea Investment Management AB lifted its stake in Cable One by 5.6% in the fourth quarter. Nordea Investment Management AB now owns 22,056 shares of the company's stock valued at $7,984,000 after acquiring an additional 1,179 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

CABO has been the topic of a number of research reports. Wells Fargo & Company decreased their price target on shares of Cable One from $340.00 to $240.00 and set an "underweight" rating on the stock in a research note on Friday, February 28th. JPMorgan Chase & Co. cut their price target on Cable One from $420.00 to $325.00 and set a "neutral" rating for the company in a research note on Monday, March 3rd. Finally, KeyCorp cut their target price 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.

Cable One Price Performance

Shares of CABO traded up $0.78 during trading hours on Tuesday, reaching $271.63. The stock had a trading volume of 80,727 shares, compared to its average volume of 111,814. The stock has a market capitalization of $1.53 billion, a PE ratio of 6.28 and a beta of 1.07. Cable One, Inc. has a 12 month low of $225.94 and a 12 month high of $437.00. The company's 50-day moving average is $260.98 and its two-hundred day moving average is $323.32. 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 Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 7th. Investors of record on Tuesday, February 18th were issued a $2.95 dividend. The ex-dividend date of this dividend was Tuesday, February 18th. This represents a $11.80 dividend on an annualized basis and a yield of 4.34%. Cable One's payout ratio is 229.57%.

Insider Activity at Cable One

In other Cable One 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 cost of $244.02 per share, for a total transaction of $244,020.00. Following the acquisition, the director now owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 0.90% of the stock is currently owned by company insiders.

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.