David Wartell Sells 10,735 Shares of IDT Co. (NYSE:IDT) Stock

IDT Co. (NYSE:IDT) CTO David Wartell sold 10,735 shares of IDT stock in a transaction on Tuesday, March 18th. The shares were sold at an average price of $48.99, for a total value of $525,907.65. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

David Wartell also recently made the following trade(s):

• On Monday, December 23rd, David Wartell sold 17,116 shares of IDT stock. The shares were sold at an average price of $47.11, for a total value of $806,334.76.

IDT Stock Down 0.7 %

NYSE IDT opened at $50.60 on Friday. The stock has a market cap of $1.28 billion, a PE ratio of 17.33 and a beta of 0.84. IDT Co. has a fifty-two week low of $33.84 and a fifty-two week high of $58.77. The business has a 50 day moving average price of $48.29 and a two-hundred day moving average price of $46.67.

IDT (NYSE:IDT) last released its quarterly earnings results on Thursday, March 6th. The utilities provider reported $0.81 earnings per share for the quarter. The firm had revenue of $303.35 million during the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%.

IDT Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th will be paid a dividend of $0.06 per share. This is a boost from IDT’s previous quarterly dividend of $0.05. This represents a $0.24 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, March 17th. IDT’s dividend payout ratio is 7.62%.

Hedge Funds Weigh In On IDT

Several institutional investors and hedge funds have recently made changes to their positions in IDT. Emmett Investment Management LP purchased a new position in shares of IDT during the 4th quarter valued at approximately $5,257,000. Deutsche Bank AG boosted its stake in shares of IDT by 32.4% during the 4th quarter. Deutsche Bank AG now owns 330,616 shares of the utilities provider’s stock valued at $15,711,000 after buying an additional 80,817 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of IDT by 101.5% during the 4th quarter. JPMorgan Chase & Co. now owns 112,614 shares of the utilities provider’s stock valued at $5,351,000 after buying an additional 56,738 shares during the last quarter. Cerity Partners LLC boosted its stake in shares of IDT by 121.7% during the 3rd quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock valued at $3,653,000 after buying an additional 52,532 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in IDT by 76.3% during the fourth quarter. Bank of New York Mellon Corp now owns 111,536 shares of the utilities provider’s stock worth $5,300,000 after purchasing an additional 48,288 shares during the last quarter. 59.34% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded IDT from a “buy” rating to a “strong-buy” rating in a report on Tuesday.

IDT Company Profile

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.