J P Morgan Chase & Co cut shares of Cable One, Inc. (NYSE:CABO) from a neutral rating to an underweight rating in a report issued on Monday, Marketbeat reports.

Other analysts also recently issued reports about the company. Raymond James Financial, Inc. upped their price objective on Cable One from $785.00 to $815.00 and gave the stock an outperform rating in a report on Wednesday, August 9th. Zacks Investment Research raised shares of Cable One from a hold rating to a buy rating and set a $837.00 price objective for the company in a research report on Thursday, August 10th. BidaskClub cut shares of Cable One from a strong-buy rating to a buy rating in a research report on Friday, August 11th. Finally, SunTrust Banks, Inc. reiterated a buy rating and set a $815.00 price objective on shares of Cable One in a research note on Friday, November 10th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. Cable One currently has a consensus rating of Hold and an average target price of $705.00.

Shares of Cable One (CABO) opened at $667.23 on Monday. The company has a current ratio of 1.34, a quick ratio of 1.34 and a debt-to-equity ratio of 2.21. Cable One has a 52-week low of $564.26 and a 52-week high of $788.00. The company has a market capitalization of $3,838.69, a PE ratio of 32.72, a PEG ratio of 10.08 and a beta of 0.24.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $5.20 by $0.28. The business had revenue of $253.85 million for the quarter, compared to analyst estimates of $255.68 million. Cable One had a return on equity of 23.97% and a net margin of 12.95%. The company’s quarterly revenue was up 23.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $3.63 EPS. research analysts forecast that Cable One will post 22.15 EPS for the current fiscal year.

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The company also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 21st will be issued a $1.75 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $7.00 annualized dividend and a yield of 1.05%. Cable One’s dividend payout ratio (DPR) is presently 34.18%.

In related news, COO Michael E. Bowker sold 1,244 shares of Cable One stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $740.59, for a total transaction of $921,293.96. Following the completion of the transaction, the chief operating officer now directly owns 7,104 shares of the company’s stock, valued at approximately $5,261,151.36. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kevin P. Coyle sold 450 shares of Cable One stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $740.91, for a total transaction of $333,409.50. Following the transaction, the chief financial officer now directly owns 4,440 shares of the company’s stock, valued at $3,289,640.40. The disclosure for this sale can be found here. Company insiders own 1.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BB&T Corp raised its stake in shares of Cable One by 23.8% during the third quarter. BB&T Corp now owns 15,452 shares of the company’s stock worth $11,158,000 after buying an additional 2,970 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in Cable One by 13.2% during the second quarter. Bank of New York Mellon Corp now owns 72,838 shares of the company’s stock valued at $51,780,000 after purchasing an additional 8,521 shares during the period. Great Lakes Advisors LLC acquired a new position in shares of Cable One in the second quarter valued at approximately $1,905,000. Prudential Financial Inc. boosted its holdings in shares of Cable One by 20.7% in the second quarter. Prudential Financial Inc. now owns 13,134 shares of the company’s stock valued at $9,337,000 after buying an additional 2,249 shares during the period. Finally, Schwab Charles Investment Management Inc. boosted its holdings in shares of Cable One by 16.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 18,314 shares of the company’s stock valued at $13,020,000 after buying an additional 2,523 shares during the period. 70.35% of the stock is owned by institutional investors and hedge funds.

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.

Analyst Recommendations for Cable One (NYSE:CABO)

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