Toronto Dominion Bank Buys 106,849 Shares of United States Steel Co. (NYSE:X)

Toronto Dominion Bank lifted its holdings in shares of United States Steel Co. (NYSE:X - Free Report) by 5,342,450.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 106,851 shares of the basic materials company's stock after purchasing an additional 106,849 shares during the quarter. Toronto Dominion Bank's holdings in United States Steel were worth $3,632,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. Bessemer Group Inc. grew its stake in United States Steel by 64.0% in the fourth quarter. Bessemer Group Inc. now owns 710 shares of the basic materials company's stock valued at $25,000 after purchasing an additional 277 shares in the last quarter. Ameliora Wealth Management Ltd. bought a new stake in United States Steel in the 4th quarter valued at $27,000. Parkworth Wealth Management Inc. bought a new stake in United States Steel in the 4th quarter valued at $31,000. Lee Danner & Bass Inc. bought a new stake in United States Steel in the 4th quarter valued at $32,000. Finally, Newbridge Financial Services Group Inc. acquired a new position in United States Steel in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 81.92% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on X. Morgan Stanley lifted their price objective on United States Steel from $35.00 to $38.00 and gave the company an "equal weight" rating in a report on Monday, May 5th. Wolfe Research reaffirmed a "peer perform" rating on shares of United States Steel in a report on Tuesday. BMO Capital Markets reiterated a "market perform" rating and issued a $45.00 price target on shares of United States Steel in a research report on Monday, March 31st. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $38.00 price target (down previously from $43.00) on shares of United States Steel in a research report on Wednesday, April 16th. Finally, Jefferies Financial Group reaffirmed a "hold" rating and set a $55.00 target price (up previously from $50.00) on shares of United States Steel in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, United States Steel has an average rating of "Hold" and a consensus target price of $41.37.

United States Steel Price Performance

X stock traded up $1.12 during mid-day trading on Tuesday, hitting $53.13. 35,323,283 shares of the stock were exchanged, compared to its average volume of 5,975,736. The stock has a market capitalization of $12.03 billion, a price-to-earnings ratio of 35.63, a PEG ratio of 1.53 and a beta of 1.82. The business has a fifty day moving average price of $42.48 and a 200 day moving average price of $38.71. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.55 and a quick ratio of 0.91. United States Steel Co. has a 12 month low of $26.92 and a 12 month high of $54.00.

United States Steel (NYSE:X - Get Free Report) last announced its quarterly 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). United States Steel had a net margin of 2.46% and a return on equity of 4.27%. The business had revenue of $3.73 billion for the quarter, compared to analysts' expectations of $3.54 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The firm's revenue for the quarter was down 10.4% on a year-over-year basis. On average, sell-side analysts anticipate that United States Steel Co. will post 1.43 EPS for the current year.

United States Steel Dividend Announcement

The firm 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 $0.05 dividend. The ex-dividend date is Monday, May 12th. This represents a $0.20 annualized dividend and a yield of 0.38%. United States Steel's dividend payout ratio (DPR) is presently 68.97%.

About United States Steel

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.