IDT Co. (NYSE:IDT) Stock Holdings Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. boosted its position in IDT Co. (NYSE:IDT) by 10.7% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 55,876 shares of the utilities provider’s stock after buying an additional 5,417 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.22% of IDT worth $2,133,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wealth Enhancement Advisory Services LLC boosted its stake in IDT by 0.4% in the third quarter. Wealth Enhancement Advisory Services LLC now owns 589,315 shares of the utilities provider’s stock valued at $22,494,000 after acquiring an additional 2,169 shares during the period. Geode Capital Management LLC boosted its position in shares of IDT by 6.5% during the third quarter. Geode Capital Management LLC now owns 421,096 shares of the utilities provider’s stock worth $16,077,000 after buying an additional 25,541 shares during the period. State Street Corp boosted its position in shares of IDT by 0.5% during the third quarter. State Street Corp now owns 390,145 shares of the utilities provider’s stock worth $14,911,000 after buying an additional 2,071 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of IDT by 4.1% during the third quarter. Charles Schwab Investment Management Inc. now owns 157,808 shares of the utilities provider’s stock worth $6,024,000 after buying an additional 6,183 shares during the period. Finally, Cerity Partners LLC boosted its position in shares of IDT by 121.7% during the third quarter. Cerity Partners LLC now owns 95,700 shares of the utilities provider’s stock worth $3,653,000 after buying an additional 52,532 shares during the period. 59.34% of the stock is owned by institutional investors.

IDT Price Performance

IDT opened at $47.97 on Wednesday. The company has a market capitalization of $1.21 billion, a price-to-earnings ratio of 16.43 and a beta of 0.81. IDT Co. has a 1-year low of $33.05 and a 1-year high of $58.77. The business has a 50 day moving average price of $49.18 and a two-hundred day moving average price of $43.21.

IDT (NYSE:IDT) last posted its quarterly earnings results on Wednesday, December 4th. The utilities provider reported $0.69 earnings per share (EPS) for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%.

IDT Cuts Dividend

The business also recently declared a dividend, which was paid on Tuesday, December 31st. Shareholders of record on Tuesday, December 24th were issued a $0.05 dividend. The ex-dividend date of this dividend was Monday, December 23rd. This represents a dividend yield of 0.42%. IDT’s dividend payout ratio is currently 6.85%.

Insider Buying and Selling at IDT

In other news, CTO David Wartell sold 17,116 shares of the business’s stock in a transaction on Monday, December 23rd. The shares were sold at an average price of $47.11, for a total transaction of $806,334.76. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, EVP Nadine Shea sold 1,000 shares of the business’s stock in a transaction on Monday, December 9th. The shares were sold at an average price of $53.74, for a total transaction of $53,740.00. Following the transaction, the executive vice president now owns 4,775 shares in the company, valued at approximately $256,608.50. This represents a 17.32 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 25.32% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded IDT from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 1st.

IDT Company Profile

IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments. The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.