Syon Capital LLC Raises Position in Orange S.A. (NYSE:ORAN)

Syon Capital LLC raised its holdings in shares of Orange S.A. (NYSE:ORAN) by 39.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,046 shares of the technology company’s stock after acquiring an additional 5,365 shares during the quarter. Syon Capital LLC’s holdings in Orange were worth $218,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. Logan Capital Management Inc. boosted its stake in shares of Orange by 3.8% during the 4th quarter. Logan Capital Management Inc. now owns 199,900 shares of the technology company’s stock worth $2,285,000 after acquiring an additional 7,343 shares during the last quarter. Morningstar Investment Services LLC boosted its stake in shares of Orange by 98.3% during the 4th quarter. Morningstar Investment Services LLC now owns 37,876 shares of the technology company’s stock worth $434,000 after acquiring an additional 18,775 shares during the last quarter. Orion Portfolio Solutions LLC boosted its stake in shares of Orange by 6.7% during the 4th quarter. Orion Portfolio Solutions LLC now owns 77,605 shares of the technology company’s stock worth $913,000 after acquiring an additional 4,857 shares during the last quarter. Team Hewins LLC purchased a new position in shares of Orange during the 4th quarter worth $323,000. Finally, US Bancorp DE boosted its stake in shares of Orange by 9.4% during the 4th quarter. US Bancorp DE now owns 52,562 shares of the technology company’s stock worth $601,000 after acquiring an additional 4,502 shares during the last quarter.

Orange Stock Down 0.3 %

Shares of NYSE ORAN opened at $10.01 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.79 and a debt-to-equity ratio of 0.88. The firm’s fifty day moving average is $11.21 and its two-hundred day moving average is $11.52. Orange S.A. has a 52-week low of $9.82 and a 52-week high of $12.41.

Orange Increases Dividend

The firm also recently announced a semi-annual dividend, which will be paid on Friday, June 21st. Stockholders of record on Monday, June 3rd will be issued a $0.4523 dividend. The ex-dividend date of this dividend is Monday, June 3rd. This is an increase from Orange’s previous semi-annual dividend of $0.32. This represents a dividend yield of 5.1%.

Analysts Set New Price Targets

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

Orange Profile

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.