Deutsche Bank AG Sells 6,602 Shares of United States Steel Co. (NYSE:X)

Deutsche Bank AG trimmed its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 31.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 14,413 shares of the basic materials company's stock after selling 6,602 shares during the period. Deutsche Bank AG's holdings in United States Steel were worth $490,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of X. Bessemer Group Inc. lifted its position in United States Steel by 64.0% in the 4th quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after acquiring an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. purchased a new position in shares of United States Steel during the 4th quarter valued at $27,000. Parkworth Wealth Management Inc. bought a new position in United States Steel in the 4th quarter worth approximately $31,000. Lee Danner & Bass Inc. purchased a new stake in shares of United States Steel in the fourth quarter worth about $32,000. Finally, Newbridge Financial Services Group Inc. bought a new stake in shares of United States Steel in the 4th quarter worth about $34,000. Institutional investors own 81.92% of the company's stock.

Analyst Upgrades and Downgrades

X has been the topic of several 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 report on Monday, March 31st. Wolfe Research restated a "peer perform" rating on shares of United States Steel in a research report on Tuesday, May 27th. Glj Research lowered shares of United States Steel from a "strong-buy" rating to a "strong sell" rating in a research report on Friday. Jefferies Financial Group reiterated a "hold" rating and issued a $55.00 target price (up from $50.00) on shares of United States Steel in a research report on Tuesday, May 27th. Finally, JPMorgan Chase & Co. raised their price objective on shares of United States Steel from $39.00 to $55.00 and gave the stock a "neutral" rating in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating and one has assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $43.80.

United States Steel Stock Down 0.4%

NYSE X traded down $0.19 on Tuesday, reaching $53.34. The company had a trading volume of 1,406,028 shares, compared to its average volume of 6,146,968. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $54.03. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. The firm has a market capitalization of $12.08 billion, a PE ratio of 35.80, a P/E/G ratio of 1.53 and a beta of 1.82. The firm has a 50-day moving average of $43.64 and a 200-day moving average of $39.25.

United States Steel (NYSE:X - Get Free Report) last issued its earnings results on Thursday, May 1st. The basic materials company reported ($0.39) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.35) by ($0.04). The business had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.54 billion. United States Steel had a return on equity of 4.27% and a net margin of 2.46%. The business's revenue was down 10.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. On average, equities research analysts anticipate that United States Steel Co. will post 1.43 EPS for the current fiscal year.

United States Steel Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 11th. Investors of record on Monday, May 12th will be given a dividend of $0.05 per share. The ex-dividend date is Monday, May 12th. This represents a $0.20 dividend on an annualized basis and a yield of 0.37%. United States Steel's payout ratio is 68.97%.

United States Steel Company 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.