IDT Co. (NYSE:IDT) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP reduced its stake in IDT Co. (NYSE:IDT - Free Report) by 4.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,072,492 shares of the utilities provider's stock after selling 44,497 shares during the period. Dimensional Fund Advisors LP owned 4.25% of IDT worth $50,965,000 at the end of the most recent reporting period.

A number of other large investors have also recently modified their holdings of IDT. Vanguard Group Inc. grew its stake in IDT by 0.4% during the 4th quarter. Vanguard Group Inc. now owns 1,265,815 shares of the utilities provider's stock worth $60,152,000 after buying an additional 4,426 shares during the last quarter. Geode Capital Management LLC lifted its position in IDT by 1.3% during the 4th quarter. Geode Capital Management LLC now owns 426,442 shares of the utilities provider's stock worth $20,269,000 after acquiring an additional 5,346 shares during the period. Charles Schwab Investment Management Inc. grew its stake in IDT by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 162,665 shares of the utilities provider's stock valued at $7,730,000 after purchasing an additional 4,857 shares during the last quarter. JPMorgan Chase & Co. raised its stake in shares of IDT by 101.5% in the fourth quarter. JPMorgan Chase & Co. now owns 112,614 shares of the utilities provider's stock worth $5,351,000 after purchasing an additional 56,738 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in shares of IDT by 76.3% during the fourth quarter. Bank of New York Mellon Corp now owns 111,536 shares of the utilities provider's stock worth $5,300,000 after purchasing an additional 48,288 shares during the period. Hedge funds and other institutional investors own 59.34% of the company's stock.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of IDT from a "buy" rating to a "strong-buy" rating in a research report on Tuesday, March 18th.

IDT Stock Performance

NYSE IDT traded up $0.33 on Thursday, reaching $53.25. 13,899 shares of the company's stock traded hands, compared to its average volume of 95,031. IDT Co. has a fifty-two week low of $33.84 and a fifty-two week high of $58.77. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 18.24 and a beta of 0.69. The stock has a 50 day moving average price of $49.62 and a 200-day moving average price of $48.96.

IDT (NYSE:IDT - Get Free Report) last issued its quarterly earnings data on Thursday, March 6th. The utilities provider reported $0.81 earnings per share (EPS) for the quarter. IDT had a return on equity of 22.18% and a net margin of 6.10%. The business had revenue of $303.35 million during the quarter.

IDT Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 25th. Stockholders of record on Monday, March 17th were given a $0.06 dividend. 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 0.45%. IDT's dividend payout ratio (DPR) is 7.62%.

Insider Transactions at IDT

In other news, CTO David Wartell sold 10,735 shares of the firm'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 value of $525,907.65. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 25.32% of the company's stock.

About IDT

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.