State of Wisconsin Investment Board continued to hold its stake in Cable One, Inc. (NYSE:CABO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 944 shares of the company’s stock at the close of the 2nd quarter. State of Wisconsin Investment Board’s holdings in Cable One were worth $671,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Quantbot Technologies LP purchased a new stake in shares of Cable One in the first quarter valued at approximately $115,000. US Bancorp DE boosted its holdings in shares of Cable One by 16.2% in the first quarter. US Bancorp DE now owns 230 shares of the company’s stock valued at $144,000 after purchasing an additional 32 shares during the period. Envestnet Asset Management Inc. boosted its holdings in shares of Cable One by 2.7% in the first quarter. Envestnet Asset Management Inc. now owns 307 shares of the company’s stock valued at $192,000 after purchasing an additional 8 shares during the period. World Asset Management Inc purchased a new stake in shares of Cable One in the first quarter valued at approximately $202,000. Finally, Stonebridge Capital Management Inc. purchased a new stake in shares of Cable One in the second quarter valued at approximately $213,000. Hedge funds and other institutional investors own 70.38% of the company’s stock.

Shares of Cable One, Inc. (NYSE:CABO) opened at 744.09 on Monday. Cable One, Inc. has a 12-month low of $538.00 and a 12-month high of $788.00. The stock has a market cap of $4.26 billion, a price-to-earnings ratio of 39.96 and a beta of 0.31. The firm’s 50-day moving average price is $747.36 and its 200-day moving average price is $694.92.

Cable One (NYSE:CABO) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $5.10 by $0.13. The business had revenue of $241 million during the quarter, compared to analyst estimates of $247.02 million. Cable One had a return on equity of 22.83% and a net margin of 12.44%. The business’s revenue was up 17.8% on a year-over-year basis. During the same quarter last year, the firm earned $4.62 EPS. On average, analysts forecast that Cable One, Inc. will post $20.60 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 1st. Shareholders of record on Tuesday, August 15th were paid a $1.75 dividend. This is an increase from Cable One’s previous quarterly dividend of $1.50. The ex-dividend date was Friday, August 11th. This represents a $7.00 annualized dividend and a dividend yield of 0.94%. Cable One’s payout ratio is 37.57%.

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In other Cable One news, CFO Kevin P. Coyle sold 450 shares of the business’s stock in a transaction on Friday, September 8th. The shares were sold at an average price of $740.91, for a total value of $333,409.50. Following the completion of the transaction, the chief financial officer now owns 4,440 shares in the company, valued at $3,289,640.40. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, major shareholder Donald Graham sold 4,100 shares of the business’s stock in a transaction on Wednesday, June 14th. The stock was sold at an average price of $716.05, for a total transaction of $2,935,805.00. Following the completion of the transaction, the insider now owns 246,985 shares of the company’s stock, valued at approximately $176,853,609.25. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,139 shares of company stock valued at $5,864,160. Insiders own 1.30% of the company’s stock.

CABO has been the subject of a number of research reports. Zacks Investment Research upgraded Cable One from a “strong sell” rating to a “hold” rating in a report on Tuesday, June 20th. TheStreet upgraded Cable One from a “c” rating to a “b-” rating in a report on Monday, June 12th. Raymond James Financial, Inc. assumed coverage on Cable One in a report on Thursday, June 8th. They set an “outperform” rating and a $785.00 target price for the company. Finally, BidaskClub upgraded Cable One from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. One research analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $693.75.

Cable One Company Profile

Cable One, Inc is a provider of data, video and voice services. The Company offers products, including Residential Video Services, Residential Data Services, Residential Voice Services, Business Services and Advertising. As of May 1, 2017, the Company provided data, video and voice services in 21 Western, Midwestern and Southern states.

Institutional Ownership by Quarter for Cable One (NYSE:CABO)

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