Raymond James Trust N.A. Has $560,000 Stock Holdings in Cable One, Inc. (NYSE:CABO)

Raymond James Trust N.A. lifted its position in Cable One, Inc. (NYSE:CABO) by 2.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,581 shares of the company’s stock after buying an additional 33 shares during the quarter. Raymond James Trust N.A.’s holdings in Cable One were worth $560,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Fifth Third Bancorp boosted its stake in Cable One by 87.5% during the 1st quarter. Fifth Third Bancorp now owns 75 shares of the company’s stock valued at $32,000 after purchasing an additional 35 shares during the period. Versant Capital Management Inc boosted its position in shares of Cable One by 452.4% in the second quarter. Versant Capital Management Inc now owns 116 shares of the company’s stock valued at $41,000 after acquiring an additional 95 shares during the period. Spire Wealth Management acquired a new stake in shares of Cable One in the fourth quarter worth $46,000. Principal Securities Inc. bought a new position in Cable One during the fourth quarter worth $53,000. Finally, GAMMA Investing LLC raised its stake in Cable One by 964.3% during the 2nd quarter. GAMMA Investing LLC now owns 149 shares of the company’s stock valued at $53,000 after purchasing an additional 135 shares during the last quarter. 89.92% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Cable One from $470.00 to $480.00 and gave the stock a “neutral” rating in a report on Tuesday, August 6th. Wells Fargo & Company lowered their price target on Cable One from $400.00 to $350.00 and set an “underweight” rating on the stock in a research note on Friday, May 3rd. Finally, TD Cowen reduced their price objective on Cable One from $650.00 to $456.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $533.33.

Cable One Stock Performance

NYSE:CABO opened at $363.08 on Tuesday. The company has a quick ratio of 1.86, a current ratio of 1.86 and a debt-to-equity ratio of 1.86. The firm has a 50-day moving average price of $363.79 and a 200 day moving average price of $395.71. The firm has a market capitalization of $2.04 billion, a PE ratio of 8.31 and a beta of 0.83. Cable One, Inc. has a 12-month low of $318.68 and a 12-month high of $671.62.

Cable One (NYSE:CABO) last issued its earnings results on Thursday, August 1st. The company reported $8.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $10.36 by ($2.20). The company had revenue of $394.46 million during the quarter, compared to analyst estimates of $400.64 million. Cable One had a return on equity of 11.84% and a net margin of 15.31%. The company’s quarterly revenue was down 7.0% on a year-over-year basis. During the same period in the previous year, the company posted $10.43 earnings per share. Research analysts anticipate that Cable One, Inc. will post 32.21 earnings per share for the current fiscal year.

Cable One Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 13th. Shareholders of record on Tuesday, August 27th will be issued a dividend of $2.95 per share. The ex-dividend date of this dividend is Tuesday, August 27th. This represents a $11.80 dividend on an annualized basis and a dividend yield of 3.25%. Cable One’s payout ratio is presently 27.02%.

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.