California Public Employees Retirement System Sells 24,432 Shares of United States Steel Co. (NYSE:X)

California Public Employees Retirement System lessened its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 6.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 344,334 shares of the basic materials company's stock after selling 24,432 shares during the quarter. California Public Employees Retirement System owned about 0.15% of United States Steel worth $11,704,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Captrust Financial Advisors raised its holdings in shares of United States Steel by 4.8% during the 3rd quarter. Captrust Financial Advisors now owns 7,012 shares of the basic materials company's stock valued at $248,000 after buying an additional 321 shares in the last quarter. CIBC Asset Management Inc raised its holdings in shares of United States Steel by 5.6% during the 4th quarter. CIBC Asset Management Inc now owns 6,880 shares of the basic materials company's stock valued at $234,000 after buying an additional 366 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in shares of United States Steel by 0.8% during the 4th quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,730 shares of the basic materials company's stock valued at $1,690,000 after buying an additional 412 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of United States Steel by 50.0% during the 4th quarter. GAMMA Investing LLC now owns 1,326 shares of the basic materials company's stock valued at $45,000 after buying an additional 442 shares in the last quarter. Finally, HBK Sorce Advisory LLC increased its stake in United States Steel by 7.4% in the 4th quarter. HBK Sorce Advisory LLC now owns 6,551 shares of the basic materials company's stock worth $223,000 after purchasing an additional 449 shares during the period. Institutional investors own 81.92% of the company's stock.

United States Steel Stock Performance

X stock traded down $3.21 during trading on Thursday, reaching $41.93. The stock had a trading volume of 3,908,917 shares, compared to its average volume of 7,387,329. United States Steel Co. has a 52 week low of $26.92 and a 52 week high of $46.18. The stock's 50 day moving average is $39.71 and its two-hundred day moving average is $37.60. The company has a current ratio of 1.55, a quick ratio of 0.91 and a debt-to-equity ratio of 0.36. The firm has a market cap of $9.49 billion, a PE ratio of 28.18, a PEG ratio of 1.53 and a beta of 1.79.

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

United States Steel Dividend Announcement

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

Analysts Set New Price Targets

X has been the topic of a number of analyst reports. BMO Capital Markets reaffirmed a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a research note on Monday, March 31st. Jefferies Financial Group decreased their price objective on United States Steel from $45.00 to $40.00 and set a "buy" rating for the company in a report on Monday, January 6th. Morgan Stanley increased their price objective on United States Steel from $39.00 to $43.00 and gave the stock an "equal weight" rating in a report on Friday, March 7th. Bank of America initiated coverage on United States Steel in a research note on Monday, January 6th. They issued a "neutral" rating and a $35.00 target price on the stock. Finally, JPMorgan Chase & Co. increased their target price on United States Steel from $40.00 to $43.00 and gave the stock an "overweight" rating in a research note on Tuesday, March 11th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $40.65.

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.