Swiss National Bank Has $21.38 Million Holdings in United States Steel Co. (NYSE:X)

Swiss National Bank decreased its stake in United States Steel Co. (NYSE:X) by 11.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 439,400 shares of the basic materials company’s stock after selling 58,400 shares during the quarter. Swiss National Bank’s holdings in United States Steel were worth $21,377,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of X. Wolff Wiese Magana LLC grew its position in United States Steel by 181.4% during the 3rd quarter. Wolff Wiese Magana LLC now owns 985 shares of the basic materials company’s stock worth $32,000 after acquiring an additional 635 shares during the last quarter. GAMMA Investing LLC acquired a new position in United States Steel in the fourth quarter worth $33,000. Fifth Third Bancorp grew its holdings in shares of United States Steel by 60.8% during the third quarter. Fifth Third Bancorp now owns 1,270 shares of the basic materials company’s stock worth $41,000 after purchasing an additional 480 shares during the last quarter. Rakuten Securities Inc. acquired a new stake in shares of United States Steel in the fourth quarter valued at $53,000. Finally, Trust Co. of Vermont bought a new position in shares of United States Steel in the third quarter valued at about $65,000. 81.92% of the stock is currently owned by institutional investors.

United States Steel Stock Up 0.6 %

NYSE:X opened at $38.36 on Thursday. The stock’s fifty day simple moving average is $40.92 and its 200-day simple moving average is $41.64. The firm has a market capitalization of $8.63 billion, a P/E ratio of 11.25 and a beta of 2.06. The company has a quick ratio of 1.14, a current ratio of 1.71 and a debt-to-equity ratio of 0.36. United States Steel Co. has a 12-month low of $20.40 and a 12-month high of $50.20.

United States Steel Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 12th. Stockholders of record on Monday, May 13th will be given a dividend of $0.05 per share. The ex-dividend date is Friday, May 10th. This represents a $0.20 annualized dividend and a dividend yield of 0.52%. United States Steel’s payout ratio is currently 5.87%.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on X shares. StockNews.com began coverage on shares of United States Steel in a report on Tuesday. They set a “hold” rating on the stock. Wolfe Research raised shares of United States Steel from a “peer perform” rating to an “outperform” rating and set a $46.00 price target on the stock in a research note on Tuesday, April 9th. JPMorgan Chase & Co. reduced their price objective on United States Steel from $47.00 to $43.00 and set a “neutral” rating on the stock in a report on Friday, May 3rd. Morgan Stanley raised United States Steel from an “equal weight” rating to an “overweight” rating and lowered their target price for the company from $51.00 to $48.00 in a research note on Monday. Finally, BMO Capital Markets dropped their target price on United States Steel from $55.00 to $45.00 and set a “market perform” rating for the company in a research report on Tuesday, March 19th. Eight analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, United States Steel has an average rating of “Hold” and a consensus target price of $38.00.

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.