PNC Financial Services Group Inc. boosted its holdings in shares of Orange SA (NYSE:ORAN) by 29.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 27,421 shares of the technology company’s stock after purchasing an additional 6,308 shares during the period. PNC Financial Services Group Inc.’s holdings in Orange were worth $469,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Financial Gravity Companies Inc. bought a new position in Orange during the fourth quarter worth about $297,000. Goldman Sachs Group Inc. lifted its stake in Orange by 1.7% during the fourth quarter. Goldman Sachs Group Inc. now owns 731,349 shares of the technology company’s stock worth $12,726,000 after purchasing an additional 11,937 shares during the period. Pittenger & Anderson Inc. lifted its stake in Orange by 23.7% during the fourth quarter. Pittenger & Anderson Inc. now owns 78,375 shares of the technology company’s stock worth $1,364,000 after purchasing an additional 15,000 shares during the period. Elkfork Partners LLC bought a new position in Orange during the fourth quarter worth about $388,000. Finally, Mackenzie Financial Corp bought a new position in Orange during the fourth quarter worth about $256,000. Hedge funds and other institutional investors own 1.40% of the company’s stock.
Orange opened at $16.89 on Monday, MarketBeat Ratings reports. Orange SA has a 1 year low of $15.82 and a 1 year high of $18.57. The company has a debt-to-equity ratio of 0.83, a current ratio of 0.71 and a quick ratio of 0.68.
The company also recently announced a special dividend, which was paid on Friday, June 22nd. Stockholders of record on Monday, June 4th were paid a $0.4742 dividend. The ex-dividend date was Friday, June 1st. This represents a dividend yield of 3.26%. This is a boost from Orange’s previous special dividend of $0.45. Orange’s payout ratio is 108.57%.
ORAN has been the subject of a number of research analyst reports. Zacks Investment Research upgraded shares of Orange from a “hold” rating to a “buy” rating and set a $19.00 target price for the company in a research note on Friday, March 23rd. ValuEngine cut shares of Orange from a “buy” rating to a “hold” rating in a research note on Monday, May 7th. One analyst has rated the stock with a sell rating, four have issued a hold rating and two have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $19.00.
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. It offers mobile, fixed-line telephony, fixed broadband, business solutions and networks, and carrier services; sells mobile devices, equipment, and accessories; and sells and rents fixed-line equipment.
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