FDx Advisors Inc. bought a new position in shares of Orange SA (NYSE:ORAN) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 10,104 shares of the technology company’s stock, valued at approximately $161,000.

Several other hedge funds have also recently added to or reduced their stakes in ORAN. FMR LLC acquired a new position in Orange in the third quarter valued at approximately $6,267,000. Bank of America Corp DE boosted its holdings in Orange by 5.9% in the second quarter. Bank of America Corp DE now owns 5,916,094 shares of the technology company’s stock valued at $98,621,000 after purchasing an additional 330,125 shares in the last quarter. Morgan Stanley boosted its holdings in Orange by 11.6% in the second quarter. Morgan Stanley now owns 2,476,438 shares of the technology company’s stock valued at $41,282,000 after purchasing an additional 257,097 shares in the last quarter. OLD Mission Capital LLC acquired a new position in Orange in the second quarter valued at approximately $1,290,000. Finally, Northern Trust Corp boosted its holdings in Orange by 2.9% in the second quarter. Northern Trust Corp now owns 2,703,587 shares of the technology company’s stock valued at $45,069,000 after purchasing an additional 76,660 shares in the last quarter. Hedge funds and other institutional investors own 1.39% of the company’s stock.

A number of equities analysts recently issued reports on ORAN shares. Zacks Investment Research raised Orange from a “hold” rating to a “buy” rating and set a $18.00 price target for the company in a report on Tuesday, September 4th. Argus decreased their price objective on Orange from $21.00 to $19.00 and set a “buy” rating for the company in a report on Friday, September 7th.

ORAN stock opened at $16.60 on Monday. The company has a market capitalization of $44.16 billion, a PE ratio of 23.71, a PEG ratio of 0.60 and a beta of 0.52. Orange SA has a twelve month low of $15.34 and a twelve month high of $18.57. The company has a debt-to-equity ratio of 0.88, a current ratio of 0.75 and a quick ratio of 0.72.

The company also recently disclosed a semiannual dividend, which will be paid on Friday, December 21st. Stockholders of record on Monday, December 3rd will be issued a $0.3399 dividend. This is an increase from Orange’s previous semiannual dividend of $0.29. This represents a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, November 30th. Orange’s dividend payout ratio is presently 77.14%.

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About Orange

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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Institutional Ownership by Quarter for Orange (NYSE:ORAN)

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