Raymond James Trust N.A. Has $205,000 Stock Position in Cable One, Inc. (NYSE:CABO)

Raymond James Trust N.A. lessened its stake in Cable One, Inc. (NYSE:CABO) by 62.9% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 587 shares of the company’s stock after selling 994 shares during the quarter. Raymond James Trust N.A.’s holdings in Cable One were worth $205,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the stock. Burgundy Asset Management Ltd. boosted its position in Cable One by 42.4% during the 2nd quarter. Burgundy Asset Management Ltd. now owns 290,662 shares of the company’s stock worth $102,894,000 after acquiring an additional 86,581 shares during the last quarter. AQR Capital Management LLC increased its stake in shares of Cable One by 4,228.5% during the 2nd quarter. AQR Capital Management LLC now owns 61,465 shares of the company’s stock worth $21,436,000 after purchasing an additional 60,045 shares during the last quarter. Vanguard Group Inc. increased its position in Cable One by 11.0% during the first quarter. Vanguard Group Inc. now owns 490,178 shares of the company’s stock worth $207,409,000 after buying an additional 48,513 shares during the last quarter. Private Management Group Inc. raised its stake in Cable One by 70.7% in the second quarter. Private Management Group Inc. now owns 113,641 shares of the company’s stock valued at $40,229,000 after buying an additional 47,082 shares during the period. Finally, Canada Pension Plan Investment Board lifted its position in shares of Cable One by 28.1% in the second quarter. Canada Pension Plan Investment Board now owns 205,611 shares of the company’s stock valued at $72,786,000 after buying an additional 45,115 shares during the last quarter. Institutional investors own 89.92% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their price objective on shares of Cable One from $480.00 to $470.00 and set a “neutral” rating for the company in a research report on Tuesday, November 12th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, Cable One presently has a consensus rating of “Hold” and an average target price of $531.67.

Cable One Price Performance

NYSE:CABO opened at $419.57 on Friday. Cable One, Inc. has a 52 week low of $311.28 and a 52 week high of $574.53. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. The firm’s 50-day simple moving average is $365.18 and its 200 day simple moving average is $363.67. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of 9.70 and a beta of 0.84.

Cable One Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Tuesday, December 3rd will be given a $2.95 dividend. The ex-dividend date of this dividend is Tuesday, December 3rd. This represents a $11.80 dividend on an annualized basis and a dividend yield of 2.81%. Cable One’s payout ratio is 27.29%.

Cable One Company Profile

Cable One, Inc, together with its subsidiaries, provides data, video, and voice services in the United States. The company offers residential data services, a service to enhance Wi-Fi signal throughout the home. It also provides various residential video services from basic video service to digital services with access to hundreds of channels; and provides a cloud-based DVR feature that does not require the use of a set-top boxes.