United States Steel Co. (NYSE:X) Stock Holdings Boosted by Wedbush Securities Inc.

Wedbush Securities Inc. lifted its position in shares of United States Steel Co. (NYSE:X) by 46.6% in the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 45,343 shares of the basic materials company’s stock after acquiring an additional 14,412 shares during the period. Wedbush Securities Inc.’s holdings in United States Steel were worth $694,000 as of its most recent filing with the SEC.

Other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC lifted its stake in United States Steel by 448.6% during the second quarter. CWM LLC now owns 11,016 shares of the basic materials company’s stock valued at $169,000 after buying an additional 9,008 shares in the last quarter. Advisor Group Inc. lifted its position in shares of United States Steel by 54.7% in the second quarter. Advisor Group Inc. now owns 53,931 shares of the basic materials company’s stock worth $826,000 after purchasing an additional 19,069 shares in the last quarter. Aperio Group LLC lifted its position in shares of United States Steel by 71.7% in the second quarter. Aperio Group LLC now owns 200,622 shares of the basic materials company’s stock worth $3,072,000 after purchasing an additional 83,770 shares in the last quarter. Dupont Capital Management Corp lifted its position in shares of United States Steel by 38.9% in the second quarter. Dupont Capital Management Corp now owns 14,995 shares of the basic materials company’s stock worth $230,000 after purchasing an additional 4,200 shares in the last quarter. Finally, Smith Graham & Co. Investment Advisors LP lifted its position in shares of United States Steel by 24.2% in the second quarter. Smith Graham & Co. Investment Advisors LP now owns 290,150 shares of the basic materials company’s stock worth $4,442,000 after purchasing an additional 56,470 shares in the last quarter. Institutional investors and hedge funds own 62.02% of the company’s stock.

A number of analysts have recently issued reports on X shares. UBS Group lowered shares of United States Steel from a “neutral” rating to a “sell” rating and reduced their price target for the stock from $22.00 to $10.00 in a research report on Wednesday, May 8th. Bank of America reissued an “underperform” rating and issued a $12.00 price target on shares of United States Steel in a research report on Friday, May 31st. ValuEngine upgraded United States Steel from a “strong sell” rating to a “sell” rating in a report on Wednesday, July 24th. Vertical Group upgraded United States Steel from a “sell” rating to a “buy” rating in a report on Wednesday, June 19th. Finally, Goldman Sachs Group downgraded United States Steel from a “neutral” rating to a “sell” rating and dropped their price objective for the stock from $17.00 to $11.00 in a report on Tuesday, June 4th. Six analysts have rated the stock with a sell rating, eight have issued a hold rating and four have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average target price of $18.94.

Shares of NYSE:X traded down $0.41 during midday trading on Thursday, reaching $11.15. The company’s stock had a trading volume of 170,325 shares, compared to its average volume of 12,033,263. United States Steel Co. has a fifty-two week low of $11.41 and a fifty-two week high of $31.59. The company has a market capitalization of $1.99 billion, a P/E ratio of 2.10, a P/E/G ratio of 2.13 and a beta of 2.97. The company has a quick ratio of 0.74, a current ratio of 1.41 and a debt-to-equity ratio of 0.59. The stock’s fifty day simple moving average is $14.20.

United States Steel (NYSE:X) last announced its earnings results on Thursday, August 1st. The basic materials company reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.05. United States Steel had a return on equity of 19.27% and a net margin of 6.95%. The company had revenue of $3.55 billion during the quarter, compared to analyst estimates of $3.43 billion. During the same period last year, the company posted $1.46 earnings per share. The firm’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts predict that United States Steel Co. will post 0.68 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 10th. Investors of record on Wednesday, August 14th will be given a $0.05 dividend. The ex-dividend date is Tuesday, August 13th. This represents a $0.20 dividend on an annualized basis and a yield of 1.79%. United States Steel’s payout ratio is 3.73%.

United States Steel Profile

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

Further Reading: Quiet Period

Institutional Ownership by Quarter for United States Steel (NYSE:X)

Receive News & Ratings for United States Steel Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Steel and related companies with MarketBeat.com's FREE daily email newsletter.