D Orazio & Associates Inc. Buys New Stake in POSCO (NYSE:PKX)

D Orazio & Associates Inc. bought a new stake in POSCO (NYSE:PKX) in the 3rd quarter, according to its most recent filing with the SEC. The fund bought 452 shares of the basic materials company’s stock, valued at approximately $31,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in shares of POSCO by 6.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 34,976 shares of the basic materials company’s stock valued at $2,685,000 after purchasing an additional 2,024 shares during the period. Pinnacle Bancorp Inc. increased its holdings in POSCO by 133.5% in the 3rd quarter. Pinnacle Bancorp Inc. now owns 432 shares of the basic materials company’s stock worth $30,000 after acquiring an additional 247 shares in the last quarter. Invesco Ltd. increased its holdings in POSCO by 185.4% in the 2nd quarter. Invesco Ltd. now owns 15,785 shares of the basic materials company’s stock worth $1,212,000 after acquiring an additional 10,255 shares in the last quarter. Schonfeld Strategic Advisors LLC grew its holdings in shares of POSCO by 142.2% during the second quarter. Schonfeld Strategic Advisors LLC now owns 21,500 shares of the basic materials company’s stock worth $1,650,000 after buying an additional 12,624 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its holdings in shares of POSCO by 1.2% during the second quarter. Goldman Sachs Group Inc. now owns 170,464 shares of the basic materials company’s stock worth $13,087,000 after buying an additional 1,945 shares in the last quarter.

PKX has been the subject of a number of research reports. UBS Group lowered shares of POSCO from a “neutral” rating to a “sell” rating in a report on Tuesday, October 12th. Zacks Investment Research raised shares of POSCO from a “hold” rating to a “buy” rating and set a $78.00 target price for the company in a report on Saturday, October 16th.

NYSE PKX opened at $62.49 on Friday. The firm’s 50-day moving average is $60.01 and its two-hundred day moving average is $67.66. POSCO has a 12 month low of $54.40 and a 12 month high of $92.19. The company has a quick ratio of 1.64, a current ratio of 2.36 and a debt-to-equity ratio of 0.27.

POSCO (NYSE:PKX) last issued its quarterly earnings results on Friday, December 10th. The basic materials company reported $7.10 earnings per share (EPS) for the quarter. The business had revenue of $18.57 billion for the quarter. POSCO had a net margin of 8.29% and a return on equity of 11.85%.

The company also recently announced a quarterly dividend, which was paid on Friday, December 3rd. Investors of record on Thursday, September 30th were issued a $0.876 dividend. This is a boost from POSCO’s previous quarterly dividend of $0.66. The ex-dividend date of this dividend was Wednesday, September 29th. This represents a $3.50 annualized dividend and a yield of 5.61%. POSCO’s dividend payout ratio (DPR) is 20.55%.

POSCO Company Profile

POSCO engages in the production of steel products. It operates through the following divisions: Steel, Engineering & Construction and Trading. The Steel division produces cold rolled, hot rolled and stain less steel products, plates, wire rods and silicon steel sheets. The Engineering & Construction division engages in the planning, designing and construction of industrial plants, civil engineering projects, commercial and residential buildings.

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Institutional Ownership by Quarter for POSCO (NYSE:PKX)

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