ArcelorMittal S.A. (NYSE:MT) Shares Purchased by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. raised its holdings in ArcelorMittal S.A. (NYSE:MT) by 24.1% during the fourth quarter, HoldingsChannel reports. The firm owned 67,562 shares of the basic materials company’s stock after buying an additional 13,141 shares during the period. Charles Schwab Investment Management Inc.’s holdings in ArcelorMittal were worth $1,563,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Geneos Wealth Management Inc. lifted its holdings in shares of ArcelorMittal by 89.6% during the fourth quarter. Geneos Wealth Management Inc. now owns 1,134 shares of the basic materials company’s stock worth $26,000 after purchasing an additional 536 shares during the period. GAMMA Investing LLC raised its position in ArcelorMittal by 68.5% during the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company’s stock worth $34,000 after buying an additional 595 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of ArcelorMittal by 76.6% in the 4th quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company’s stock worth $137,000 after acquiring an additional 2,586 shares during the period. Park Avenue Securities LLC purchased a new stake in shares of ArcelorMittal in the fourth quarter valued at about $212,000. Finally, Janney Montgomery Scott LLC acquired a new position in shares of ArcelorMittal during the fourth quarter worth about $233,000. 9.29% of the stock is owned by hedge funds and other institutional investors.

ArcelorMittal Stock Down 3.1 %

MT stock opened at $28.81 on Friday. The company has a current ratio of 1.35, a quick ratio of 0.59 and a debt-to-equity ratio of 0.17. The company’s 50-day moving average price is $28.60 and its 200 day moving average price is $25.77. ArcelorMittal S.A. has a 52 week low of $20.52 and a 52 week high of $34.90. The company has a market cap of $23.60 billion, a P/E ratio of 17.46, a P/E/G ratio of 0.14 and a beta of 1.79.

ArcelorMittal (NYSE:MT) last announced its quarterly earnings results on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing the consensus estimate of $0.61 by ($0.09). ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. On average, research analysts expect that ArcelorMittal S.A. will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Announces Dividend

The company also recently announced a semi-annual dividend, which will be paid on Wednesday, December 3rd. Shareholders of record on Thursday, November 13th will be issued a $0.275 dividend. This represents a yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 12th. ArcelorMittal’s dividend payout ratio (DPR) is 27.88%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the stock. Morgan Stanley downgraded shares of ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Jefferies Financial Group cut ArcelorMittal from a “buy” rating to a “hold” rating and set a $36.20 price target for the company. in a report on Wednesday. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $32.43.

ArcelorMittal Company Profile

ArcelorMittal SA, together with its subsidiaries, operates as integrated steel and mining companies in the United States, Europe, and internationally. It offers semi-finished flat products, including slabs; finished flat products comprising plates, hot- and cold-rolled coils and sheets, hot-dipped and electro-galvanized coils and sheets, tinplate, and color coated coils and sheets; semi-finished long products, such as blooms and billets; finished long products consisting of bars, wire-rods, structural sections, rails, sheet piles, and wire-products; and seamless and welded pipes and tubes.