Mercer Global Advisors Inc. ADV Sells 20,161 Shares of ArcelorMittal S.A. (NYSE:MT)

Mercer Global Advisors Inc. ADV lessened its holdings in shares of ArcelorMittal S.A. (NYSE:MT) by 38.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,786 shares of the basic materials company’s stock after selling 20,161 shares during the quarter. Mercer Global Advisors Inc. ADV’s holdings in ArcelorMittal were worth $735,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Geneos Wealth Management Inc. increased its position 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 increased its position in ArcelorMittal by 68.5% during the fourth 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. US Bancorp DE grew its position in shares of ArcelorMittal by 5.0% in the fourth quarter. US Bancorp DE now owns 15,085 shares of the basic materials company’s stock valued at $349,000 after purchasing an additional 717 shares during the last quarter. Dorsey & Whitney Trust CO LLC grew its position in shares of ArcelorMittal by 9.1% in the fourth quarter. Dorsey & Whitney Trust CO LLC now owns 9,545 shares of the basic materials company’s stock valued at $221,000 after purchasing an additional 797 shares during the last quarter. Finally, United Capital Financial Advisors LLC grew its position in shares of ArcelorMittal by 11.5% in the fourth quarter. United Capital Financial Advisors LLC now owns 10,940 shares of the basic materials company’s stock valued at $253,000 after purchasing an additional 1,129 shares during the last quarter. Institutional investors and hedge funds own 9.29% of the company’s stock.

ArcelorMittal Trading Up 1.5%

Shares of MT stock opened at $30.27 on Monday. 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 stock has a market cap of $24.80 billion, a P/E ratio of 18.35, a price-to-earnings-growth ratio of 0.14 and a beta of 1.62. The stock has a 50 day simple moving average of $29.32 and a 200 day simple moving average of $26.57. ArcelorMittal S.A. has a 1 year low of $20.52 and a 1 year high of $34.90.

ArcelorMittal (NYSE:MT) last issued its quarterly earnings results on Wednesday, April 30th. The basic materials company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.71 by $0.33. The business had revenue of $14.80 billion during the quarter, compared to analysts’ expectations of $15.11 billion. ArcelorMittal had a return on equity of 4.31% and a net margin of 2.14%. The firm’s revenue for the quarter was down 9.1% compared to the same quarter last year. During the same period in the previous year, the company posted $1.16 earnings per share. On average, research analysts predict that ArcelorMittal S.A. will post 3.72 earnings per share for the current fiscal year.

ArcelorMittal Announces Dividend

The business also recently declared a semi-annual dividend, which will be paid on Wednesday, December 3rd. Investors of record on Thursday, November 13th will be paid a $0.275 dividend. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Wednesday, November 12th. ArcelorMittal’s dividend payout ratio (DPR) is currently 30.07%.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Morgan Stanley downgraded ArcelorMittal from an “overweight” rating to an “equal weight” rating in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of ArcelorMittal in a research report on Monday, April 14th. The Goldman Sachs Group raised ArcelorMittal from a “neutral” rating to a “buy” rating and upped their target price for the company from $29.00 to $31.70 in a research report on Thursday, April 10th. Finally, Jefferies Financial Group downgraded ArcelorMittal from a “buy” rating to a “hold” rating and set a $36.20 target price on the stock. in a research report on Wednesday, March 26th. Three analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, ArcelorMittal has an average rating of “Moderate Buy” and an average target price of $32.95.

ArcelorMittal 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.