Kingsview Wealth Management LLC Purchases 1,140 Shares of Cable One, Inc. (NYSE:CABO)

Kingsview Wealth Management LLC grew its position in shares of Cable One, Inc. (NYSE:CABO) by 5.4% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 22,363 shares of the company’s stock after buying an additional 1,140 shares during the quarter. Kingsview Wealth Management LLC owned 0.40% of Cable One worth $7,822,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of CABO. Vanguard Group Inc. lifted its position in shares of Cable One by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after buying an additional 48,513 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its stake in shares of Cable One by 3.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 3,490 shares of the company’s stock worth $1,472,000 after purchasing an additional 116 shares during the last quarter. BOKF NA increased its stake in shares of Cable One by 28.0% during the 1st quarter. BOKF NA now owns 2,124 shares of the company’s stock worth $896,000 after purchasing an additional 465 shares during the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of Cable One by 7.3% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 2,500 shares of the company’s stock worth $1,058,000 after purchasing an additional 171 shares during the last quarter. Finally, Bayesian Capital Management LP purchased a new stake in shares of Cable One during the 1st quarter worth approximately $368,000. Institutional investors own 89.92% of the company’s stock.

Cable One Trading Up 3.4 %

Shares of CABO stock opened at $416.55 on Friday. Cable One, Inc. has a 12-month low of $311.28 and a 12-month high of $574.53. The firm has a market cap of $2.34 billion, a P/E ratio of 9.63 and a beta of 0.84. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 1.84. The company has a 50 day moving average of $360.33 and a 200-day moving average of $363.29.

Cable One Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Tuesday, December 3rd will be issued a dividend of $2.95 per share. The ex-dividend date is Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a yield of 2.83%. Cable One’s payout ratio is 27.29%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their price target on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research note on Tuesday, November 12th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cable One presently has a consensus rating of “Hold” and a consensus price target of $531.67.

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.