US Bancorp DE Sells 12,174 Shares of Orange S.A. (NYSE:ORAN)

US Bancorp DE lowered its stake in shares of Orange S.A. (NYSE:ORAN – Get Rating) by 19.8% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 49,403 shares of the technology company’s stock after selling 12,174 shares during the period. US Bancorp DE’s holdings in Orange were worth $444,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Virtus ETF Advisers LLC raised its stake in Orange by 0.7% in the 2nd quarter. Virtus ETF Advisers LLC now owns 151,577 shares of the technology company’s stock valued at $1,784,000 after acquiring an additional 1,000 shares during the period. Bank of Montreal Can raised its stake in Orange by 3.2% in the 2nd quarter. Bank of Montreal Can now owns 32,203 shares of the technology company’s stock valued at $382,000 after acquiring an additional 1,004 shares during the period. Ellevest Inc. raised its stake in Orange by 19.2% in the 2nd quarter. Ellevest Inc. now owns 6,706 shares of the technology company’s stock valued at $79,000 after acquiring an additional 1,081 shares during the period. Capital Insight Partners LLC raised its stake in Orange by 4.7% in the 2nd quarter. Capital Insight Partners LLC now owns 24,675 shares of the technology company’s stock valued at $290,000 after acquiring an additional 1,118 shares during the period. Finally, Todd Asset Management LLC raised its stake in Orange by 2.1% in the 2nd quarter. Todd Asset Management LLC now owns 75,001 shares of the technology company’s stock valued at $883,000 after acquiring an additional 1,574 shares during the period. Institutional investors own 1.09% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on ORAN shares. Credit Suisse Group dropped their price target on Orange from €11.50 ($12.50) to €10.00 ($10.87) in a research note on Wednesday, October 26th. Barclays upped their price objective on Orange from €10.00 ($10.87) to €10.50 ($11.41) and gave the company an “equal weight” rating in a report on Wednesday, October 26th. Finally, StockNews.com lowered Orange from a “buy” rating to a “hold” rating in a report on Friday, November 18th.

Orange Stock Up 1.2 %

Shares of NYSE ORAN opened at $10.50 on Monday. The company has a quick ratio of 0.93, a current ratio of 0.97 and a debt-to-equity ratio of 0.93. The stock’s fifty day moving average price is $10.11 and its two-hundred day moving average price is $9.96. Orange S.A. has a one year low of $8.81 and a one year high of $12.71.

Orange Cuts Dividend

The business also recently announced a Semi-Annual dividend, which was paid on Thursday, December 22nd. Stockholders of record on Friday, December 2nd were issued a dividend of $0.235 per share. This represents a dividend yield of 5.7%. The ex-dividend date of this dividend was Thursday, December 1st.

About Orange

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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. It operates through France; Spain and Other European Countries; The Africa and Middle East; Enterprise; International Carriers & Shared Services; and Mobile Financial Services segments.