Amundi Decreases Stock Position in United States Steel Co. (NYSE:X)

Amundi cut its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 84.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 149,998 shares of the basic materials company's stock after selling 825,536 shares during the quarter. Amundi owned 0.07% of United States Steel worth $4,917,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Ameliora Wealth Management Ltd. bought a new stake in shares of United States Steel during the 4th quarter valued at $27,000. ORG Wealth Partners LLC acquired a new position in shares of United States Steel during the 4th quarter worth $30,000. Newbridge Financial Services Group Inc. bought a new stake in shares of United States Steel during the 4th quarter worth $34,000. Smithfield Trust Co boosted its stake in United States Steel by 903.0% in the fourth quarter. Smithfield Trust Co now owns 1,003 shares of the basic materials company's stock valued at $34,000 after buying an additional 903 shares in the last quarter. Finally, Gladius Capital Management LP acquired a new position in United States Steel during the third quarter worth about $39,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Stock Performance

NYSE:X traded down $0.15 during trading on Wednesday, reaching $41.55. The company's stock had a trading volume of 3,701,915 shares, compared to its average volume of 6,907,678. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $43.35. The firm has a 50 day moving average of $37.40 and a 200-day moving average of $36.68. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.91 and a current ratio of 1.55. The firm has a market cap of $9.36 billion, a price-to-earnings ratio of 27.89, a price-to-earnings-growth ratio of 1.53 and a beta of 1.86.

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United States Steel (NYSE:X - Get Free Report) last issued its quarterly earnings results on Thursday, January 30th. The basic materials company reported ($0.18) EPS for the quarter, missing analysts' consensus estimates of $0.20 by ($0.38). United States Steel had a return on equity of 4.27% and a net margin of 2.46%. Research analysts expect that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 12th. Investors of record on Monday, February 10th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Monday, February 10th. This represents a $0.20 dividend on an annualized basis and a yield of 0.48%. United States Steel's dividend payout ratio is currently 13.42%.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Bank of America initiated coverage on shares of United States Steel in a research report on Monday, January 6th. They set a "neutral" rating and a $35.00 price objective for the company. Jefferies Financial Group cut their price objective on United States Steel from $45.00 to $40.00 and set a "buy" rating on the stock in a report on Monday, January 6th. BMO Capital Markets dropped their target price on United States Steel from $43.00 to $40.00 and set an "outperform" rating for the company in a research report on Friday, December 20th. JPMorgan Chase & Co. boosted their price target on United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a report on Tuesday, March 11th. Finally, Morgan Stanley lifted their target price on shares of United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Friday, March 7th. Three analysts have rated the stock with a hold rating and six have given a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $40.70.

United States Steel Profile

United States Steel Corporation produces and sells flat-rolled and tubular steel products primarily in North America and Europe. The company operates through North American Flat-Rolled (Flat-Rolled), Mini Mill, U. S. Steel Europe (USSE), and Tubular Products (Tubular) segments. The Flat-Rolled segment offers slabs, strip mill plates, sheets, and tin mill products, as well as iron ore and coke.