Envestnet Asset Management Inc. increased its stake in Cable One, Inc. (NYSE:CABO – Get Rating) by 43.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 10,469 shares of the company’s stock after buying an additional 3,173 shares during the period. Envestnet Asset Management Inc. owned 0.18% of Cable One worth $8,931,000 at the end of the most recent reporting period.
A number of other institutional investors also recently bought and sold shares of CABO. Artisan Partners Limited Partnership purchased a new stake in shares of Cable One during the second quarter valued at approximately $68,746,000. Capital International Investors raised its position in Cable One by 74.9% in the first quarter. Capital International Investors now owns 204,285 shares of the company’s stock worth $300,489,000 after acquiring an additional 87,503 shares during the period. Rothschild & Co Wealth Management UK Ltd raised its position in shares of Cable One by 35.2% during the 3rd quarter. Rothschild & Co Wealth Management UK Ltd now owns 251,250 shares of the company’s stock valued at $214,329,000 after purchasing an additional 65,395 shares during the period. Boston Trust Walden Corp bought a new stake in shares of Cable One during the 3rd quarter valued at $42,052,000. Finally, Parnassus Investments LLC raised its position in shares of Cable One by 30.1% during the 2nd quarter. Parnassus Investments LLC now owns 122,122 shares of the company’s stock valued at $157,454,000 after purchasing an additional 28,253 shares during the period. 90.08% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of analysts have issued reports on the stock. Cowen reduced their price target on shares of Cable One from $1,050.00 to $950.00 and set a “market perform” rating on the stock in a report on Friday. Wells Fargo & Company cut shares of Cable One from an “equal weight” rating to an “underweight” rating and dropped their price objective for the stock from $850.00 to $680.00 in a research note on Tuesday, February 21st. KeyCorp dropped their price target on shares of Cable One from $1,300.00 to $1,275.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Raymond James dropped their price target on shares of Cable One from $1,200.00 to $900.00 and set an “outperform” rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $1,159.17.
Cable One Trading Up 0.2 %
Cable One Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Friday, March 10th. Shareholders of record on Tuesday, February 21st will be given a dividend of $2.85 per share. This represents a $11.40 annualized dividend and a yield of 1.65%. The ex-dividend date is Friday, February 17th. Cable One’s dividend payout ratio is presently 31.57%.
About Cable One
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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