Gabelli Funds LLC Sells 4,000 Shares of Orange S.A. (NYSE:ORAN)

Gabelli Funds LLC cut its holdings in Orange S.A. (NYSE:ORANFree Report) by 4.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 85,600 shares of the technology company’s stock after selling 4,000 shares during the quarter. Gabelli Funds LLC’s holdings in Orange were worth $978,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. New York State Common Retirement Fund purchased a new stake in shares of Orange during the 3rd quarter valued at about $40,000. CWM LLC boosted its holdings in Orange by 53.1% in the fourth quarter. CWM LLC now owns 3,586 shares of the technology company’s stock worth $41,000 after purchasing an additional 1,244 shares during the last quarter. EverSource Wealth Advisors LLC grew its position in Orange by 13.2% in the 4th quarter. EverSource Wealth Advisors LLC now owns 8,277 shares of the technology company’s stock worth $95,000 after purchasing an additional 965 shares during the period. Blue Trust Inc. raised its stake in Orange by 31,643.3% during the 4th quarter. Blue Trust Inc. now owns 9,523 shares of the technology company’s stock valued at $109,000 after buying an additional 9,493 shares during the last quarter. Finally, M&T Bank Corp bought a new position in shares of Orange during the 4th quarter valued at $117,000.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORAN. Sanford C. Bernstein initiated coverage on Orange in a report on Friday, May 24th. They issued an “outperform” rating for the company. StockNews.com downgraded Orange from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. assumed coverage on shares of Orange in a research note on Wednesday, April 17th. They issued an “overweight” rating on the stock. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Orange has an average rating of “Moderate Buy” and a consensus price target of $13.08.

View Our Latest Research Report on ORAN

Orange Price Performance

NYSE:ORAN opened at $10.71 on Tuesday. Orange S.A. has a one year low of $10.62 and a one year high of $12.41. The business has a fifty day moving average price of $11.39 and a 200-day moving average price of $11.60. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 0.83.

Orange Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Friday, June 21st. Shareholders of record on Monday, June 3rd will be given a $0.4523 dividend. This is a boost from Orange’s previous semi-annual dividend of $0.32. The ex-dividend date is Monday, June 3rd. This represents a yield of 5.1%.

About Orange

(Free Report)

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; Orange business; Totem; International Carriers & Shared Services; and Mobile Financial Services segments.

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Institutional Ownership by Quarter for Orange (NYSE:ORAN)

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