Truist Financial Corp Makes New $159,000 Investment in Orange S.A. (NYSE:ORAN)

Truist Financial Corp acquired a new stake in Orange S.A. (NYSE:ORAN) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 13,683 shares of the technology company’s stock, valued at approximately $159,000.

A number of other hedge funds have also modified their holdings of ORAN. Todd Asset Management LLC increased its position in Orange by 1.8% in the 1st quarter. Todd Asset Management LLC now owns 45,057 shares of the technology company’s stock valued at $538,000 after acquiring an additional 817 shares during the period. CWM LLC raised its stake in shares of Orange by 44.6% during the first quarter. CWM LLC now owns 2,790 shares of the technology company’s stock worth $33,000 after purchasing an additional 860 shares during the last quarter. Bank of Montreal Can lifted its holdings in shares of Orange by 3.2% during the second quarter. Bank of Montreal Can now owns 32,203 shares of the technology company’s stock worth $382,000 after purchasing an additional 1,004 shares during the period. Signaturefd LLC grew its position in Orange by 3.9% in the 1st quarter. Signaturefd LLC now owns 30,976 shares of the technology company’s stock valued at $370,000 after buying an additional 1,162 shares during the last quarter. Finally, Greenleaf Trust increased its stake in Orange by 2.0% in the 1st quarter. Greenleaf Trust now owns 64,153 shares of the technology company’s stock valued at $765,000 after buying an additional 1,230 shares during the period. 0.99% of the stock is currently owned by hedge funds and other institutional investors.

Orange Price Performance

Shares of ORAN opened at $11.88 on Wednesday. Orange S.A. has a twelve month low of $9.62 and a twelve month high of $13.08. The company has a debt-to-equity ratio of 0.94, a quick ratio of 0.82 and a current ratio of 0.85. The firm’s 50-day moving average is $11.65 and its two-hundred day moving average is $11.65.

Orange Cuts Dividend

The company also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 1st will be paid a $0.3205 dividend. This represents a yield of 4.9%. The ex-dividend date of this dividend is Thursday, November 30th.

Analyst Ratings Changes

Several analysts have recently commented on ORAN shares. Bank of America upgraded shares of Orange from an “underperform” rating to a “buy” rating and raised their target price for the stock from $9.72 to $13.65 in a research note on Wednesday, October 4th. Barclays lowered their price objective on Orange from $13.00 to $12.50 and set an “overweight” rating on the stock in a report on Wednesday, October 18th. Citigroup raised Orange from a “neutral” rating to a “buy” rating in a research note on Wednesday, July 19th. Finally, StockNews.com lowered Orange from a “buy” rating to a “hold” rating in a report on Tuesday. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $13.08.

About Orange

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.