Moors & Cabot Inc. Reduces Stock Holdings in Orange S.A. (NYSE:ORAN)

Moors & Cabot Inc. decreased its holdings in Orange S.A. (NYSE:ORAN) by 12.7% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,630 shares of the technology company’s stock after selling 1,685 shares during the quarter. Moors & Cabot Inc.’s holdings in Orange were worth $135,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORAN. CWM LLC lifted its stake in Orange by 44.6% in the first quarter. CWM LLC now owns 2,790 shares of the technology company’s stock worth $33,000 after acquiring an additional 860 shares during the period. CENTRAL TRUST Co lifted its position in Orange by 162.2% during the third quarter. CENTRAL TRUST Co now owns 4,720 shares of the technology company’s stock valued at $42,000 after buying an additional 2,920 shares during the period. Money Concepts Capital Corp lifted its position in Orange by 2,553.0% during the fourth quarter. Money Concepts Capital Corp now owns 5,306 shares of the technology company’s stock valued at $52,000 after buying an additional 5,106 shares during the period. Captrust Financial Advisors lifted its position in Orange by 65.0% during the second quarter. Captrust Financial Advisors now owns 8,724 shares of the technology company’s stock valued at $103,000 after buying an additional 3,437 shares during the period. Finally, CI Private Wealth LLC purchased a new position in Orange during the fourth quarter valued at $106,000. Hedge funds and other institutional investors own 0.99% of the company’s stock.

Analyst Ratings Changes

ORAN has been the subject of several recent research reports. Barclays lowered their price objective on Orange from $13.00 to $12.50 and set an “overweight” rating for the company in a research report on Wednesday, October 18th. StockNews.com lowered Orange from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. Finally, Bank of America upgraded Orange from an “underperform” rating to a “buy” rating and raised their price target for the company from $9.72 to $13.65 in a report on Wednesday, October 4th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $13.08.

Orange Price Performance

Shares of NYSE:ORAN opened at $12.08 on Tuesday. Orange S.A. has a 1-year low of $9.62 and a 1-year high of $13.08. The business has a fifty day moving average price of $11.68 and a 200-day moving average price of $11.62. The company has a market capitalization of $32.12 billion, a PE ratio of 9.66, a PEG ratio of 0.58 and a beta of 0.20. The company has a debt-to-equity ratio of 0.94, a current ratio of 0.85 and a quick ratio of 0.82.

Orange Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which will be paid on Thursday, December 21st. Investors of record on Friday, December 1st will be issued a $0.3205 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a yield of 4.9%. Orange’s payout ratio is 38.40%.

About Orange

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; International Carriers & Shared Services; and Mobile Financial Services segments.