Envestnet Asset Management Inc. increased its holdings in Orange SA (NYSE:ORAN) by 15.1% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 452,982 shares of the technology company’s stock after purchasing an additional 59,511 shares during the period. Envestnet Asset Management Inc.’s holdings in Orange were worth $7,384,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Liberty Wealth Management LLC bought a new position in shares of Orange during the 4th quarter valued at approximately $25,000. Financial Gravity Companies Inc. purchased a new stake in shares of Orange during the 4th quarter worth $40,000. Covenant Multifamily Offices LLC purchased a new stake in Orange in the first quarter valued at about $48,000. Private Capital Group LLC raised its stake in Orange by 45.0% in the first quarter. Private Capital Group LLC now owns 3,469 shares of the technology company’s stock valued at $57,000 after buying an additional 1,076 shares during the last quarter. Finally, Vigilant Capital Management LLC purchased a new stake in Orange in the first quarter valued at about $72,000. 1.47% of the stock is currently owned by institutional investors.
Orange stock opened at $15.68 on Wednesday. Orange SA has a fifty-two week low of $14.84 and a fifty-two week high of $17.54. The company has a quick ratio of 0.69, a current ratio of 0.72 and a debt-to-equity ratio of 0.83. The stock has a market capitalization of $41.34 billion, a PE ratio of 21.48, a PEG ratio of 1.12 and a beta of 0.39.
The business 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 dividend of $0.4471 per share. The ex-dividend date of this dividend is Friday, May 31st. This is an increase from Orange’s previous semiannual dividend of $0.34. This represents a yield of 3.81%. Orange’s dividend payout ratio is currently 89.04%.
ORAN has been the topic of a number of research reports. Credit Suisse Group reissued a “buy” rating on shares of Orange in a report on Friday, February 22nd. Goldman Sachs Group reissued a “buy” rating on shares of Orange in a report on Friday, February 22nd. Barclays downgraded Orange from an “overweight” rating to an “equal weight” rating in a research report on Tuesday, March 5th. Zacks Investment Research upgraded Orange from a “sell” rating to a “hold” rating in a research report on Wednesday, March 20th. 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 issued a hold rating and four have issued a buy rating to the company. Orange currently has an average rating of “Hold” and a consensus price target of $18.50.
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Orange Company Profile
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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