Tucker Asset Management LLC Invests $76,000 in Orange S.A. (NYSE:ORAN)

Tucker Asset Management LLC acquired a new position in Orange S.A. (NYSE:ORAN) during the 4th quarter, HoldingsChannel.com reports. The firm acquired 6,650 shares of the technology company’s stock, valued at approximately $76,000.

A number of other institutional investors and hedge funds have also bought and sold shares of ORAN. New York State Common Retirement Fund bought a new position in shares of Orange in the 3rd quarter worth $40,000. CWM LLC increased its stake in Orange by 53.1% in the fourth quarter. CWM LLC now owns 3,586 shares of the technology company’s stock valued at $41,000 after acquiring an additional 1,244 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in shares of Orange by 13.2% during the 4th quarter. EverSource Wealth Advisors LLC now owns 8,277 shares of the technology company’s stock valued at $95,000 after buying an additional 965 shares in the last quarter. Blue Trust Inc. raised its stake in shares of Orange by 31,643.3% during the fourth quarter. Blue Trust Inc. now owns 9,523 shares of the technology company’s stock worth $109,000 after acquiring an additional 9,493 shares in the last quarter. Finally, M&T Bank Corp bought a new stake in Orange in the fourth quarter worth $117,000.

Orange Price Performance

ORAN traded down $0.25 during midday trading on Friday, reaching $9.88. 2,055,361 shares of the company’s stock traded hands, compared to its average volume of 853,555. Orange S.A. has a 52 week low of $9.82 and a 52 week high of $12.41. 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 has a fifty day moving average of $11.27 and a two-hundred day moving average of $11.54.

Orange Increases Dividend

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

Analyst Ratings Changes

Several research analysts have recently commented on ORAN shares. JPMorgan Chase & Co. initiated coverage on Orange in a report on Wednesday, April 17th. They issued an “overweight” rating on the stock. StockNews.com cut Orange from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, Sanford C. Bernstein initiated coverage on Orange in a research note on Friday, May 24th. They set an “outperform” rating for the company. One equities research analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, Orange has an average rating of “Moderate Buy” and a consensus price target 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.