Haverford Trust Co. Has $260,000 Holdings in Cable One, Inc. (CABO)
Haverford Trust Co. cut its stake in shares of Cable One, Inc. (NYSE:CABO) by 47.4% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 360 shares of the company’s stock after selling 325 shares during the quarter. Haverford Trust Co.’s holdings in Cable One were worth $260,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently modified their holdings of CABO. Blair William & Co. IL raised its holdings in shares of Cable One by 0.3% in the second quarter. Blair William & Co. IL now owns 1,036 shares of the company’s stock valued at $736,000 after buying an additional 3 shares during the last quarter. World Asset Management Inc raised its holdings in shares of Cable One by 4.3% in the second quarter. World Asset Management Inc now owns 338 shares of the company’s stock valued at $240,000 after buying an additional 14 shares during the last quarter. Sei Investments Co. raised its holdings in shares of Cable One by 3.1% in the second quarter. Sei Investments Co. now owns 638 shares of the company’s stock valued at $453,000 after buying an additional 19 shares during the last quarter. Janney Montgomery Scott LLC raised its holdings in shares of Cable One by 3.7% in the second quarter. Janney Montgomery Scott LLC now owns 594 shares of the company’s stock valued at $422,000 after buying an additional 21 shares during the last quarter. Finally, Texas Permanent School Fund raised its holdings in shares of Cable One by 0.8% in the second quarter. Texas Permanent School Fund now owns 3,424 shares of the company’s stock valued at $2,434,000 after buying an additional 28 shares during the last quarter. 71.85% of the stock is owned by institutional investors.
A number of research firms recently issued reports on CABO. BidaskClub raised Cable One from a “hold” rating to a “buy” rating in a report on Friday, October 13th. J P Morgan Chase & Co cut Cable One from a “neutral” rating to an “underweight” rating in a report on Monday, November 13th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $815.00 price target on shares of Cable One in a report on Friday, November 10th. Wells Fargo & Company reaffirmed a “market perform” rating and issued a $700.00 price target (down from $761.00) on shares of Cable One in a report on Monday, November 13th. Finally, Zacks Investment Research raised Cable One from a “hold” rating to a “buy” rating and set a $837.00 price target for the company in a report on Thursday, August 10th. Two analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $705.00.
In other news, COO Michael E. Bowker sold 1,244 shares of the business’s stock in a transaction dated Wednesday, September 13th. The stock was 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 in the company, valued at approximately $5,261,151.36. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CFO Kevin P. Coyle sold 450 shares of the business’s stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $740.91, for a total value of $333,409.50. Following the transaction, the chief financial officer now owns 4,440 shares of the company’s stock, valued at $3,289,640.40. The disclosure for this sale can be found here. 1.30% of the stock is owned by company insiders.
Shares of Cable One, Inc. (CABO) opened at $665.14 on Friday. The company has a quick ratio of 1.34, a current ratio of 1.34 and a debt-to-equity ratio of 2.21. The company has a market capitalization of $3,825.97, a PE ratio of 32.61, a P/E/G ratio of 10.05 and a beta of 0.24. Cable One, Inc. has a 12-month low of $564.26 and a 12-month high of $788.00.
Cable One (NYSE:CABO) last announced its quarterly earnings data on Wednesday, November 8th. The company reported $5.48 EPS for the quarter, topping the Zacks’ consensus estimate of $5.20 by $0.28. The firm had revenue of $253.85 million during 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 revenue was up 23.5% on a year-over-year basis. During the same period last year, the company earned $3.63 earnings per share. analysts anticipate that Cable One, Inc. will post 22.15 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Tuesday, November 21st will be given a $1.75 dividend. The ex-dividend date of this dividend is Monday, November 20th. This represents a $7.00 dividend on an annualized basis and a yield of 1.05%. Cable One’s payout ratio is 34.18%.
About Cable One
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.
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