Cable One (NYSE: CABO) has recently received a number of price target changes and ratings updates:

  • 8/23/2017 – Cable One was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/17/2017 – Cable One was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “
  • 8/11/2017 – Cable One was downgraded by analysts at BidaskClub from a “strong-buy” rating to a “buy” rating.
  • 8/10/2017 – Cable One was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $837.00 price target on the stock. According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “
  • 8/9/2017 – Cable One had its price target raised by analysts at Raymond James Financial, Inc. from $785.00 to $815.00. They now have an “outperform” rating on the stock.
  • 7/10/2017 – Cable One was upgraded by analysts at Zacks Investment Research from a “strong sell” rating to a “hold” rating. According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “
  • 7/4/2017 – Cable One was downgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong sell” rating. According to Zacks, “Cable One, Inc. is a cable company. The Company provides internet, cable television and telephone service primarily in the United States. Cable One, Inc. is based in Phoenix, United States. “

Cable One, Inc. (CABO) opened at 741.02 on Monday. The company has a market capitalization of $4.24 billion, a PE ratio of 39.79 and a beta of 0.30. Cable One, Inc. has a 52 week low of $527.75 and a 52 week high of $788.00. The firm’s 50-day moving average price is $742.67 and its 200 day moving average price is $687.73.

Cable One (NYSE:CABO) last announced its quarterly earnings results on Tuesday, August 8th. The company reported $4.97 earnings per share (EPS) for the quarter, missing the Zacks’ 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 million during the quarter, compared to analysts’ expectations of $247.02 million. During the same quarter in the prior year, the business posted $4.62 earnings per share. The company’s revenue was up 17.8% compared to the same quarter last year. Equities research analysts expect that Cable One, Inc. will post $20.60 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, September 1st. Stockholders of record on Tuesday, August 15th will be issued a $1.75 dividend. The ex-dividend date is Friday, August 11th. This is an increase from Cable One’s previous quarterly dividend of $1.50. This represents a $7.00 dividend on an annualized basis and a dividend yield of 0.94%. Cable One’s dividend payout ratio (DPR) is currently 37.57%.

In related news, CEO Julia M. Laulis sold 867 shares of the business’s stock in a transaction on Wednesday, August 16th. The stock was sold at an average price of $736.35, for a total transaction of $638,415.45. Following the transaction, the chief executive officer now directly owns 7,642 shares in the company, valued at approximately $5,627,186.70. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, major shareholder Donald Graham sold 1,300 shares of the business’s stock in a transaction on Friday, June 9th. The stock was sold at an average price of $727.34, for a total value of $945,542.00. Following the transaction, the insider now owns 246,985 shares in the company, valued at $179,642,069.90. The disclosure for this sale can be found here. Insiders sold a total of 9,889 shares of company stock worth $7,122,222 over the last quarter. Company insiders own 1.30% of the company’s stock.

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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