Cable One, Inc. (NYSE:CABO) Shares Sold by Toronto Dominion Bank

Posted by on Feb 15th, 2023

Toronto Dominion Bank lessened its stake in shares of Cable One, Inc. (NYSE:CABO – Get Rating) by 47.8% in the third quarter, according to its most recent filing with the SEC. The fund owned 1,153 shares of the company’s stock after selling 1,057 shares during the period. Toronto Dominion Bank’s holdings in Cable One were worth $983,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. California Public Employees Retirement System lifted its position in shares of Cable One by 72.3% during the 3rd quarter. California Public Employees Retirement System now owns 19,835 shares of the company’s stock valued at $16,920,000 after acquiring an additional 8,322 shares during the last quarter. State Board of Administration of Florida Retirement System lifted its position in shares of Cable One by 6.6% during the 3rd quarter. State Board of Administration of Florida Retirement System now owns 7,749 shares of the company’s stock valued at $6,610,000 after acquiring an additional 479 shares during the last quarter. Impax Asset Management Group plc lifted its position in shares of Cable One by 26.6% during the 3rd quarter. Impax Asset Management Group plc now owns 457 shares of the company’s stock valued at $390,000 after acquiring an additional 96 shares during the last quarter. Eagle Asset Management Inc. lifted its position in shares of Cable One by 16.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 9,503 shares of the company’s stock valued at $8,106,000 after acquiring an additional 1,335 shares during the last quarter. Finally, Inspire Investing LLC lifted its position in shares of Cable One by 41.9% during the 3rd quarter. Inspire Investing LLC now owns 237 shares of the company’s stock valued at $202,000 after acquiring an additional 70 shares during the last quarter. Institutional investors and hedge funds own 90.08% of the company’s stock.

Cable One Price Performance

Shares of NYSE:CABO opened at $787.48 on Wednesday. The company’s fifty day moving average is $752.34 and its two-hundred day moving average is $886.26. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 1.99. Cable One, Inc. has a 12-month low of $620.57 and a 12-month high of $1,576.49. The company has a market cap of $4.57 billion, a P/E ratio of 13.12 and a beta of 0.81.

Cable One Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, March 10th. Stockholders of record on Tuesday, February 21st will be paid a $2.85 dividend. This represents a $11.40 dividend on an annualized basis and a dividend yield of 1.45%. The ex-dividend date of this dividend is Friday, February 17th. Cable One’s dividend payout ratio (DPR) is presently 18.99%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on CABO shares. Wells Fargo & Company cut their price objective on Cable One from $1,200.00 to $850.00 and set an “equal weight” rating for the company in a research report on Friday, November 4th. KeyCorp cut their target price on shares of Cable One from $1,725.00 to $1,300.00 and set an “overweight” rating on the stock in a research note on Friday, November 4th. Two investment analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $1,420.00.

About Cable One

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Cable One, Inc engages in the provision of data, video, and voice services to residential and business customers. It provides consumers with an array of communications and entertainment services, including Internet and wireless fiber solutions, cable television and phone service under the brand name Sparklight.

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

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