JPMorgan Chase & Co. Cuts Cable One (NYSE:CABO) Price Target to $325.00

Cable One (NYSE:CABO) had its price objective reduced by JPMorgan Chase & Co. from $420.00 to $325.00 in a research note published on Monday morning,Benzinga reports. JPMorgan Chase & Co. currently has a neutral rating on the stock.

Other equities research analysts have also recently issued research reports about the company. KeyCorp decreased their target price on Cable One from $825.00 to $650.00 and set an “overweight” rating for the company in a research note on Friday, February 28th. Wells Fargo & Company decreased their target price on Cable One from $340.00 to $240.00 and set an “underweight” rating for the company in a research note on Friday, February 28th.

Cable One Stock Performance

Shares of CABO opened at $253.43 on Monday. The stock has a 50-day simple moving average of $315.10 and a 200-day simple moving average of $347.71. The stock has a market capitalization of $1.42 billion, a PE ratio of 5.86 and a beta of 0.89. Cable One has a 1 year low of $239.29 and a 1 year high of $470.87. 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 Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, March 7th. Shareholders of record on Tuesday, February 18th will be given a dividend of $2.95 per share. This represents a $11.80 annualized dividend and a yield of 4.66%. The ex-dividend date of this dividend is Tuesday, February 18th. Cable One’s dividend payout ratio (DPR) is 229.57%.

Insiders Place Their Bets

In other news, Director Wallace R. Weitz purchased 1,000 shares of the business’s stock in a transaction on Tuesday, March 4th. The shares were bought at an average price of $244.02 per share, with a total value of $244,020.00. Following the completion of the transaction, the director now directly owns 5,584 shares in the company, valued at approximately $1,362,607.68. This represents a 21.82 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. Harbor Capital Advisors Inc. increased its holdings in shares of Cable One by 17.5% in the third quarter. Harbor Capital Advisors Inc. now owns 491 shares of the company’s stock valued at $172,000 after purchasing an additional 73 shares during the period. Markel Group Inc. increased its holdings in shares of Cable One by 11.6% in the third quarter. Markel Group Inc. now owns 60,050 shares of the company’s stock valued at $21,005,000 after purchasing an additional 6,250 shares during the period. Covestor Ltd increased its holdings in shares of Cable One by 18.0% in the third quarter. Covestor Ltd now owns 591 shares of the company’s stock valued at $207,000 after purchasing an additional 90 shares during the period. Crossmark Global Holdings Inc. increased its holdings in shares of Cable One by 24.4% in the third quarter. Crossmark Global Holdings Inc. now owns 1,008 shares of the company’s stock valued at $353,000 after purchasing an additional 198 shares during the period. Finally, Aigen Investment Management LP acquired a new position in shares of Cable One in the third quarter valued at approximately $358,000. Institutional investors and hedge funds own 89.92% of the company’s stock.

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.