Capital Fund Management S.A. Grows Position in ArcelorMittal S.A. (NYSE:MT)

Capital Fund Management S.A. boosted its position in ArcelorMittal S.A. (NYSE:MT - Free Report) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 419,659 shares of the basic materials company's stock after buying an additional 30,901 shares during the period. Capital Fund Management S.A. owned approximately 0.05% of ArcelorMittal worth $9,707,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Geneos Wealth Management Inc. increased its holdings in 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 buying an additional 536 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of ArcelorMittal by 68.5% in the 4th quarter. GAMMA Investing LLC now owns 1,464 shares of the basic materials company's stock valued at $34,000 after acquiring an additional 595 shares in the last quarter. Smartleaf Asset Management LLC boosted its position in shares of ArcelorMittal by 76.6% during the 4th quarter. Smartleaf Asset Management LLC now owns 5,963 shares of the basic materials company's stock valued at $137,000 after acquiring an additional 2,586 shares during the last quarter. Callan Family Office LLC bought a new position in shares of ArcelorMittal in the 4th quarter worth $207,000. Finally, PNC Financial Services Group Inc. increased its position in shares of ArcelorMittal by 23.1% during the 4th quarter. PNC Financial Services Group Inc. now owns 9,076 shares of the basic materials company's stock valued at $210,000 after purchasing an additional 1,702 shares during the last quarter. Institutional investors own 9.29% of the company's stock.

Analysts Set New Price Targets

MT has been the topic of a number of recent research reports. The Goldman Sachs Group upgraded shares of ArcelorMittal from a "neutral" rating to a "buy" rating and upped their price objective for the stock from $29.00 to $31.70 in a report on Thursday, April 10th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating on shares of ArcelorMittal in a research note on Monday. Morgan Stanley downgraded ArcelorMittal from an "overweight" rating to an "equal weight" rating in a research note on Friday, February 14th. Finally, Jefferies Financial Group downgraded ArcelorMittal from a "buy" rating to a "hold" rating and set a $36.20 price objective on the stock. in a research report on Wednesday, March 26th. Three investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $32.95.

ArcelorMittal Stock Performance

Shares of NYSE MT traded up $0.25 during mid-day trading on Thursday, hitting $27.17. The stock had a trading volume of 692,332 shares, compared to its average volume of 1,856,495. The company has a 50 day moving average of $29.04 and a two-hundred day moving average of $26.01. ArcelorMittal S.A. has a twelve month low of $20.52 and a twelve month high of $34.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.59 and a current ratio of 1.35. The firm has a market cap of $22.26 billion, a PE ratio of 16.47, a PEG ratio of 0.14 and a beta of 1.60.

ArcelorMittal (NYSE:MT - Get Free Report) last released its earnings results on Thursday, February 6th. The basic materials company reported $0.52 EPS for the quarter, missing analysts' consensus estimates of $0.61 by ($0.09). ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. Research analysts predict that ArcelorMittal S.A. will post 3.72 EPS for the current fiscal year.

ArcelorMittal Dividend Announcement

The firm also recently announced a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, November 12th. This represents a yield of 1.5%. ArcelorMittal's dividend payout ratio is presently 27.88%.

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.