Private Portfolio Partners LLC lifted its stake in shares of Orange SA (NYSE:ORAN) by 29.5% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 15,017 shares of the technology company’s stock after purchasing an additional 3,419 shares during the quarter. Private Portfolio Partners LLC’s holdings in Orange were worth $245,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Bank of America Corp DE grew its holdings in Orange by 10.7% during the fourth quarter. Bank of America Corp DE now owns 6,531,185 shares of the technology company’s stock worth $105,741,000 after acquiring an additional 629,835 shares during the period. OLD Mission Capital LLC boosted its position in Orange by 969.5% during the 4th quarter. OLD Mission Capital LLC now owns 421,936 shares of the technology company’s stock worth $6,831,000 after acquiring an additional 382,483 shares during the period. First Trust Advisors LP boosted its position in Orange by 406.4% during the 1st quarter. First Trust Advisors LP now owns 426,655 shares of the technology company’s stock worth $6,954,000 after acquiring an additional 342,404 shares during the period. Jane Street Group LLC acquired a new stake in Orange during the 4th quarter worth about $4,820,000. Finally, Barclays PLC boosted its position in Orange by 3,061.4% during the 4th quarter. Barclays PLC now owns 122,851 shares of the technology company’s stock worth $1,989,000 after acquiring an additional 118,965 shares during the period. Institutional investors and hedge funds own 1.47% of the company’s stock.
Orange stock traded down $0.01 on Wednesday, reaching $15.71. The company’s stock had a trading volume of 165,558 shares, compared to its average volume of 374,643. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.69 and a current ratio of 0.72. The stock has a market capitalization of $41.98 billion, a P/E ratio of 21.52, a price-to-earnings-growth ratio of 1.08 and a beta of 0.38. The company’s fifty day moving average is $15.49. Orange SA has a twelve month low of $14.84 and a twelve month high of $17.54.
The firm also recently disclosed a semiannual dividend, which will be paid on Thursday, June 27th. Shareholders of record on Monday, June 3rd will be paid a $0.4471 dividend. The ex-dividend date of this dividend is Friday, May 31st. This represents a yield of 3.81%. This is a positive change from Orange’s previous semiannual dividend of $0.34. Orange’s payout ratio is currently 98.63%.
A number of equities research analysts have commented on the company. Zacks Investment Research lowered Orange from a “hold” rating to a “sell” rating in a research report on Saturday. Morgan Stanley lowered Orange from an “overweight” rating to an “equal weight” rating in a research report on Thursday, June 6th. Finally, Berenberg Bank upgraded Orange from a “hold” rating to a “buy” rating in a research report on Monday, April 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $18.50.
Orange SA provides a range of fixed telephony and mobile telecommunications, data transmission, and other value-added services to consumers, businesses, and other telecommunications operators in Europe, Africa, and the Middle East. The company offers mobile services, such as voice, SMS, and data; fixed broadband and narrowband services, as well as fixed network business solutions, including voice and data; and convergence packages.
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