Leith Wheeler Investment Counsel Ltd. Reduces Stock Position in Cable One, Inc. (NYSE:CABO)

Leith Wheeler Investment Counsel Ltd. cut its stake in Cable One, Inc. (NYSE:CABO) by 3.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,294 shares of the company’s stock after selling 472 shares during the period. Leith Wheeler Investment Counsel Ltd. owned approximately 0.24% of Cable One worth $4,814,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also made changes to their positions in CABO. Raymond James Financial Inc. acquired a new position in Cable One in the fourth quarter valued at approximately $28,129,000. Charles Schwab Investment Management Inc. lifted its stake in Cable One by 8.8% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 86,776 shares of the company’s stock worth $31,423,000 after purchasing an additional 7,055 shares in the last quarter. Kingsview Wealth Management LLC lifted its stake in Cable One by 5.8% during the fourth quarter. Kingsview Wealth Management LLC now owns 23,660 shares of the company’s stock worth $8,568,000 after purchasing an additional 1,297 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in Cable One during the fourth quarter worth $10,491,000. Finally, Bank of New York Mellon Corp lifted its stake in Cable One by 3.7% during the fourth quarter. Bank of New York Mellon Corp now owns 73,013 shares of the company’s stock worth $26,439,000 after purchasing an additional 2,627 shares in the last quarter. 89.92% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Cable One

In related news, Director Wallace R. Weitz acquired 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the purchase, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. The trade was a 21.82 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.90% of the stock is owned by corporate insiders.

Cable One Trading Up 0.7 %

NYSE:CABO opened at $271.82 on Tuesday. The stock has a fifty day moving average price of $261.14 and a two-hundred day moving average price of $323.68. The stock has a market capitalization of $1.53 billion, a price-to-earnings ratio of 6.29 and a beta of 1.07. The company has a debt-to-equity ratio of 1.84, a quick ratio of 0.93 and a current ratio of 0.93. Cable One, Inc. has a 1 year low of $225.94 and a 1 year high of $437.00.

Cable One Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th were issued a $2.95 dividend. This represents a $11.80 annualized dividend and a yield of 4.34%. The ex-dividend date was Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is 229.57%.

Wall Street Analyst Weigh In

CABO has been the topic of a number of research reports. JPMorgan Chase & Co. decreased their price target on Cable One from $420.00 to $325.00 and set a “neutral” rating on the stock in a research note on Monday, March 3rd. KeyCorp decreased their price target on Cable One from $825.00 to $650.00 and set an “overweight” rating on the stock in a research note on Friday, February 28th. Finally, Wells Fargo & Company decreased their price target on Cable One from $340.00 to $240.00 and set an “underweight” rating on the stock in a research note on Friday, February 28th.

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.