Moors & Cabot Inc. decreased its position in Orange S.A. (NYSE:ORAN – Free Report) by 12.7% during the second quarter, HoldingsChannel.com reports. The fund owned 11,630 shares of the technology company’s stock after selling 1,685 shares during the quarter. Moors & Cabot Inc.’s holdings in Orange were worth $135,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in the company. Todd Asset Management LLC increased its position in shares of Orange by 1.8% during the 1st quarter. Todd Asset Management LLC now owns 45,057 shares of the technology company’s stock valued at $538,000 after purchasing an additional 817 shares during the last quarter. CWM LLC increased its position in shares of Orange by 44.6% during the 1st quarter. CWM LLC now owns 2,790 shares of the technology company’s stock valued at $33,000 after purchasing an additional 860 shares during the last quarter. Bank of Montreal Can increased its position in shares of Orange by 3.2% during the 2nd quarter. Bank of Montreal Can now owns 32,203 shares of the technology company’s stock valued at $382,000 after purchasing an additional 1,004 shares during the last quarter. Greenleaf Trust increased its position in shares of Orange by 2.0% during the 1st quarter. Greenleaf Trust now owns 64,153 shares of the technology company’s stock valued at $765,000 after purchasing an additional 1,230 shares during the last quarter. Finally, Citigroup Inc. grew its position in Orange by 0.8% in the 1st quarter. Citigroup Inc. now owns 158,358 shares of the technology company’s stock valued at $1,889,000 after acquiring an additional 1,300 shares during the last quarter. Institutional investors own 0.99% of the company’s stock.
Analyst Upgrades and Downgrades
Several brokerages have commented on ORAN. Barclays cut their price objective on Orange from $13.00 to $12.50 and set an “overweight” rating on the stock in a research report on Wednesday, October 18th. Bank of America raised Orange from an “underperform” rating to a “buy” rating and upped their price objective for the company from $9.72 to $13.65 in a research report on Wednesday, October 4th. Finally, StockNews.com downgraded Orange from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Orange currently has a consensus rating of “Moderate Buy” and an average target price of $13.08.
Orange Price Performance
Shares of ORAN stock opened at $12.08 on Tuesday. Orange S.A. has a twelve month low of $9.62 and a twelve month high of $13.08. The stock has a market capitalization of $32.12 billion, a price-to-earnings ratio of 9.66, a P/E/G ratio of 0.58 and a beta of 0.20. The stock has a fifty day simple moving average of $11.68 and a two-hundred day simple moving average of $11.62. The company has a current ratio of 0.85, a quick ratio of 0.82 and a debt-to-equity ratio of 0.94.
Orange Cuts Dividend
The company also recently announced a semi-annual dividend, which will be paid on Thursday, December 21st. Shareholders of record on Friday, December 1st will be issued a $0.3205 dividend. This represents a dividend yield of 4.9%. The ex-dividend date is Thursday, November 30th. Orange’s dividend payout ratio is 38.40%.
Orange Company Profile
Orange SA provides various fixed telephony and mobile telecommunications, data transmission, and other value-added services to customers, businesses, and other telecommunications operators in France and internationally. The company operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.
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