1 week Ago By Defense World Staff
Corebridge Financial Inc. lowered its stake in shares of IDT Co. (NYSE:IDT – Free Report) by 7.
0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,666 shares of the utilities provider’s stock after selling 579 shares during the quarter. Corebridge Financial Inc.
’s holdings in IDT were worth $364,000 as of its most recent filing with the Securities and Exchange Commission (SEC). A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of New York Mellon Corp grew its stake in IDT by 76.
3% during the 4th quarter. Bank of New York Mellon Corp now owns 111,536 shares of the utilities provider’s stock valued at $5,300,000 after purchasing an additional 48,288 shares during the last quarter. Teacher Retirement System of Texas grew its position in shares of IDT by 163.
8% during the 4th quarter. Teacher Retirement System of Texas now owns 47,349 shares of the utilities provider’s stock valued at $2,250,000 after acquiring an additional 29,399 shares during the period. Geode Capital Management LLC grew its holdings in IDT by 6.
5% in the third quarter. Geode Capital Management LLC now owns 421,096 shares of the utilities provider’s stock valued at $16,077,000 after purchasing an additional 25,541 shares during the period. Proficio Capital Partners LLC purchased a new position in IDT during the fourth quarter valued at $1,018,000.
Finally, Barclays PLC raised its holdings in shares of IDT by 240.3% during the third quarter. Barclays PLC now owns 27,066 shares of the utilities provider’s stock valued at $1,034,000 after acquiring an additional 19,112 shares during the last quarter.
Hedge funds and other institutional investors own 59.34% of the company’s stock. IDT Price PerformanceShares of IDT stock opened at $48.
59 on Thursday. IDT Co. has a 12 month low of $33.
84 and a 12 month high of $58.77. The business has a 50-day moving average of $49.
13 and a 200 day moving average of $47.93. The stock has a market capitalization of $1.
23 billion, a price-to-earnings ratio of 16.64 and a beta of 0.58.
IDT (NYSE:IDT – Get Free Report) last announced its quarterly earnings data on Thursday, March 6th. The utilities provider reported $0.81 earnings per share for the quarter.
The business had revenue of $303.35 million for the quarter. IDT had a net margin of 6.
10% and a return on equity of 22.18%. IDT Increases DividendThe company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 25th.
Shareholders of record on Monday, March 17th were issued a dividend of $0.06 per share. This is a positive change from IDT’s previous quarterly dividend of $0.
05. The ex-dividend date was Monday, March 17th. This represents a $0.
24 annualized dividend and a dividend yield of 0.49%. IDT’s dividend payout ratio (DPR) is presently 7.
62%. Analyst Upgrades and DowngradesSeparately, StockNews.com upgraded IDT from a “buy” rating to a “strong-buy” rating in a report on Tuesday, March 18th.
Check Out Our Latest Research Report on IDTInsiders Place Their BetsIn other news, CTO David Wartell sold 10,735 shares of the company’s stock in a transaction that occurred on Tuesday, March 18th. The stock was sold at an average price of $48.99, for a total transaction of $525,907.
65. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 25.
32% of the stock is currently owned by corporate insiders. IDT Profile (Free Report)IDT Corporation provides communications and payment services in the United States, the United Kingdom, and internationally. It operates through Fintech, National Retail Solutions, net2phone, and Traditional Communications segments.
The company operates point of sale, a terminal-based platform which provides independent retailers store management software, electronic payment processing, and other ancillary merchant services; and provides marketers with digital out-of-home advertising and transaction data.See AlsoFive stocks we like better than IDTValue Investing: Is it a Good Strategy in 2022? (Hint: Always)Quantum Computing: The $6.5 Billion Opportunity You Can’t IgnoreHow to invest in marijuana stocks in 7 steps Are Tariffs Threatening Disney’s Comeback Story?There Are Different Types of Stock To Invest InIs Alphabet a Generational Buying Opportunity at These Levels?Want to see what other hedge funds are holding IDT? Visit HoldingsChannel.
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