Goldman Sachs Group Inc. Has $18.67 Million Holdings in Orange S.A. (NYSE:ORAN)

Goldman Sachs Group Inc. decreased its holdings in shares of Orange S.A. (NYSE:ORAN) by 0.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,633,135 shares of the technology company’s stock after selling 14,711 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Orange were worth $18,667,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. UBS Group AG lifted its stake in Orange by 544.6% in the 3rd quarter. UBS Group AG now owns 329,702 shares of the technology company’s stock valued at $3,788,000 after purchasing an additional 278,550 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in shares of Orange by 15.2% during the 3rd quarter. PNC Financial Services Group Inc. now owns 21,100 shares of the technology company’s stock valued at $242,000 after acquiring an additional 2,786 shares in the last quarter. Envestnet Portfolio Solutions Inc. bought a new stake in Orange during the 3rd quarter worth $225,000. LPL Financial LLC increased its holdings in Orange by 7.2% in the 3rd quarter. LPL Financial LLC now owns 378,199 shares of the technology company’s stock worth $4,346,000 after purchasing an additional 25,552 shares in the last quarter. Finally, Mariner LLC raised its position in Orange by 9.1% in the third quarter. Mariner LLC now owns 177,316 shares of the technology company’s stock valued at $2,037,000 after purchasing an additional 14,841 shares during the last quarter.

Analysts Set New Price Targets

Several research analysts have recently issued reports on ORAN shares. Sanford C. Bernstein started coverage on Orange in a research note on Friday, May 24th. They issued an “outperform” rating for the company. StockNews.com downgraded shares of Orange from a “buy” rating to a “hold” rating in a research note on Friday, April 26th. Finally, JPMorgan Chase & Co. started coverage on shares of Orange in a research note on Wednesday, April 17th. They issued an “overweight” rating on the stock. One investment analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $13.08.

Orange Stock Performance

Shares of NYSE ORAN opened at $10.03 on Thursday. The company’s 50 day moving average price is $11.12 and its 200-day moving average price is $11.45. The company has a debt-to-equity ratio of 0.88, a quick ratio of 0.79 and a current ratio of 0.83. Orange S.A. has a 52-week low of $9.82 and a 52-week high of $12.41.

Orange Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, June 21st. Shareholders of record on Monday, June 3rd were given a dividend of $0.4523 per share. The ex-dividend date was Monday, June 3rd. This represents a yield of 5.1%. This is a boost from Orange’s previous semi-annual dividend of $0.32.

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.