Cable One, Inc. (CABO) Position Maintained by Folger Nolan Fleming Douglas Capital Management Inc.
Folger Nolan Fleming Douglas Capital Management Inc. maintained its position in Cable One, Inc. (NYSE:CABO) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 392 shares of the company’s stock at the close of the 2nd quarter. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in Cable One were worth $279,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amalgamated Bank raised its position in Cable One by 25.5% during the 2nd quarter. Amalgamated Bank now owns 945 shares of the company’s stock valued at $672,000 after purchasing an additional 192 shares during the last quarter. Nationwide Fund Advisors raised its position in Cable One by 2.6% during the 2nd quarter. Nationwide Fund Advisors now owns 8,036 shares of the company’s stock valued at $5,713,000 after purchasing an additional 205 shares during the last quarter. Ameriprise Financial Inc. raised its position in Cable One by 12.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 20,202 shares of the company’s stock valued at $14,362,000 after purchasing an additional 2,209 shares during the last quarter. TIAA CREF Investment Management LLC raised its position in Cable One by 1.2% during the 2nd quarter. TIAA CREF Investment Management LLC now owns 6,524 shares of the company’s stock valued at $4,638,000 after purchasing an additional 80 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in Cable One by 8.6% during the 2nd quarter. Teachers Advisors LLC now owns 5,709 shares of the company’s stock valued at $4,059,000 after purchasing an additional 450 shares during the last quarter. 70.38% of the stock is owned by institutional investors.
Cable One, Inc. (NYSE CABO) traded up 0.77% on Friday, reaching $736.74. The company’s stock had a trading volume of 61,849 shares. The firm has a 50-day moving average of $738.68 and a 200-day moving average of $688.56. Cable One, Inc. has a one year low of $551.59 and a one year high of $754.00. The company has a market capitalization of $4.22 billion, a PE ratio of 39.56 and a beta of 0.31.
Cable One (NYSE:CABO) last posted its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $5.10 by ($0.13). Cable One had a net margin of 12.44% and a return on equity of 22.83%. The company had revenue of $241.00 million for the quarter, compared to the consensus estimate of $247.02 million. During the same period in the prior year, the firm posted $4.62 EPS. The business’s revenue was up 17.8% on a year-over-year basis. Analysts predict that Cable One, Inc. will post $20.60 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th were paid a dividend of $1.75 per share. This represents a $7.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date was Friday, August 11th. This is an increase from Cable One’s previous quarterly dividend of $1.50. Cable One’s payout ratio is currently 37.57%.
In other news, COO Michael E. Bowker sold 1,244 shares of Cable One stock in a transaction that occurred on 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 sale, the chief operating officer now owns 7,104 shares of the company’s stock, valued at $5,261,151.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kevin P. Coyle sold 450 shares of Cable One stock in a transaction that occurred on Friday, September 8th. The shares were sold at an average price of $740.91, for a total transaction of $333,409.50. Following the sale, the chief financial officer now directly owns 4,440 shares of the company’s stock, valued at approximately $3,289,640.40. The disclosure for this sale can be found here. Insiders have sold 2,561 shares of company stock valued at $1,893,119 in the last ninety days. Insiders own 1.30% of the company’s stock.
A number of research analysts have commented on the company. TheStreet raised Cable One from a “c” rating to a “b-” rating in a research report on Monday, June 12th. Raymond James Financial, Inc. assumed coverage on Cable One in a research report on Thursday, June 8th. They set an “outperform” rating and a $785.00 price target for the company. Zacks Investment Research raised Cable One from a “strong sell” rating to a “hold” rating in a research report on Monday, July 10th. Finally, BidaskClub lowered Cable One from a “strong-buy” rating to a “buy” rating in a research report on Friday, August 11th. One analyst has rated the stock with a sell rating, one has given a hold rating and three have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $693.75.
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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.
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