Prospera Financial Services Inc Sells 3,765 Shares of United States Steel Co. (NYSE:X)

Prospera Financial Services Inc lessened its stake in shares of United States Steel Co. (NYSE:X) by 32.9% during the third quarter, Holdings Channel.com reports. The firm owned 7,677 shares of the basic materials company’s stock after selling 3,765 shares during the period. Prospera Financial Services Inc’s holdings in United States Steel were worth $271,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in X. Rothschild Investment LLC acquired a new stake in United States Steel in the 2nd quarter valued at $26,000. Palouse Capital Management Inc. acquired a new position in shares of United States Steel during the third quarter valued at about $35,000. Gladius Capital Management LP acquired a new position in shares of United States Steel during the third quarter valued at about $39,000. Blue Trust Inc. increased its position in shares of United States Steel by 339.0% during the second quarter. Blue Trust Inc. now owns 1,001 shares of the basic materials company’s stock worth $41,000 after acquiring an additional 773 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC acquired a new stake in shares of United States Steel in the 2nd quarter worth about $46,000. 81.92% of the stock is currently owned by institutional investors and hedge funds.

United States Steel Trading Down 1.1 %

Shares of United States Steel stock opened at $38.61 on Tuesday. The stock has a fifty day moving average price of $37.89 and a 200-day moving average price of $37.85. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.67 and a quick ratio of 1.08. The firm has a market cap of $8.69 billion, a PE ratio of 25.40 and a beta of 1.86. United States Steel Co. has a 1 year low of $26.92 and a 1 year high of $50.20.

United States Steel (NYSE:X) last announced its quarterly earnings data on Thursday, October 31st. The basic materials company reported $0.56 EPS for the quarter, topping the consensus estimate of $0.41 by $0.15. United States Steel had a net margin of 2.41% and a return on equity of 6.01%. The business had revenue of $3.85 billion for the quarter, compared to analyst estimates of $3.77 billion. During the same quarter in the previous year, the firm posted $1.36 earnings per share. The company’s revenue for the quarter was down 13.0% on a year-over-year basis. Equities research analysts anticipate that United States Steel Co. will post 2.21 EPS for the current year.

United States Steel Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, December 11th. Shareholders of record on Monday, November 11th will be given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a yield of 0.52%. The ex-dividend date is Friday, November 8th. United States Steel’s dividend payout ratio is currently 13.16%.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on X. StockNews.com started coverage on United States Steel in a research note on Monday, August 19th. They set a “hold” rating for the company. BMO Capital Markets lowered their price target on United States Steel from $45.00 to $43.00 and set an “outperform” rating for the company in a research report on Friday, November 1st. Jefferies Financial Group dropped their price objective on United States Steel from $47.00 to $41.00 and set a “buy” rating on the stock in a research note on Thursday, September 5th. Morgan Stanley upped their target price on shares of United States Steel from $48.00 to $49.00 and gave the stock an “overweight” rating in a research note on Thursday, August 15th. Finally, JPMorgan Chase & Co. raised shares of United States Steel from a “neutral” rating to an “overweight” rating and raised their price target for the company from $40.00 to $42.00 in a research report on Monday, September 9th. One investment analyst has rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.80.

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.