Cisco Systems, Inc. (CSCO) Position Cut by Mosaic Family Wealth LLC

Mosaic Family Wealth LLC reduced its holdings in shares of Cisco Systems, Inc. (NASDAQ:CSCO) by 56.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,846 shares of the network equipment provider’s stock after selling 18,196 shares during the period. Mosaic Family Wealth LLC’s holdings in Cisco Systems were worth $531,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Stonehearth Capital Management LLC acquired a new position in Cisco Systems during the 4th quarter valued at about $102,000. Keeler Thomas Management LLC acquired a new position in shares of Cisco Systems in the fourth quarter valued at about $108,000. Goodman Financial Corp acquired a new position in shares of Cisco Systems in the fourth quarter valued at about $115,000. Tarbox Family Office Inc. increased its holdings in shares of Cisco Systems by 67.9% in the fourth quarter. Tarbox Family Office Inc. now owns 3,328 shares of the network equipment provider’s stock valued at $127,000 after purchasing an additional 1,346 shares during the period. Finally, Delphi Private Advisors LLC increased its holdings in shares of Cisco Systems by 307.8% in the fourth quarter. Delphi Private Advisors LLC now owns 3,552 shares of the network equipment provider’s stock valued at $136,000 after purchasing an additional 2,681 shares during the period. 73.89% of the stock is currently owned by institutional investors.

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In other news, EVP David Goeckeler sold 20,671 shares of Cisco Systems stock in a transaction on Thursday, March 15th. The stock was sold at an average price of $45.50, for a total value of $940,530.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.05% of the company’s stock.

CSCO stock opened at $43.26 on Tuesday. The company has a quick ratio of 2.28, a current ratio of 2.34 and a debt-to-equity ratio of 0.44. The firm has a market cap of $208.41 billion, a price-to-earnings ratio of 20.12, a price-to-earnings-growth ratio of 3.09 and a beta of 1.14. Cisco Systems, Inc. has a 52-week low of $30.36 and a 52-week high of $46.37.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings data on Wednesday, May 16th. The network equipment provider reported $0.66 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.65 by $0.01. Cisco Systems had a positive return on equity of 19.48% and a negative net margin of 2.61%. The business had revenue of $12.46 billion during the quarter, compared to analysts’ expectations of $12.42 billion. During the same period in the previous year, the firm posted $0.60 earnings per share. equities research analysts anticipate that Cisco Systems, Inc. will post 2.34 earnings per share for the current fiscal year.

Cisco Systems announced that its Board of Directors has authorized a share buyback plan on Wednesday, February 14th that permits the company to repurchase $25.00 billion in shares. This repurchase authorization permits the network equipment provider to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s management believes its stock is undervalued.

CSCO has been the topic of a number of recent research reports. Piper Jaffray Companies set a $48.00 target price on Cisco Systems and gave the stock a “buy” rating in a research note on Thursday, February 15th. Citigroup upped their target price on Cisco Systems from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Tuesday, February 13th. Instinet upped their target price on Cisco Systems from $39.53 to $46.00 and gave the stock a “buy” rating in a research note on Monday, February 12th. Nomura upgraded Cisco Systems from a “neutral” rating to a “buy” rating and set a $33.00 target price on the stock in a research note on Monday, February 12th. Finally, Royal Bank of Canada restated a “buy” rating and issued a $44.00 target price on shares of Cisco Systems in a research note on Monday, February 12th. Eleven research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. Cisco Systems has a consensus rating of “Buy” and a consensus target price of $46.11.

About Cisco Systems

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

Head-To-Head Comparison: Trinseo (TSE) vs. Rogers (ROG)

Trinseo (NYSE: TSE) and Rogers (NYSE:ROG) are both mid-cap basic materials companies, but which is the better investment? We will compare the two companies based on the strength of their institutional ownership, analyst recommendations, risk, profitability, earnings, valuation and dividends.

Institutional and Insider Ownership

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97.0% of Trinseo shares are held by institutional investors. Comparatively, 93.8% of Rogers shares are held by institutional investors. 0.3% of Trinseo shares are held by insiders. Comparatively, 1.5% of Rogers shares are held by insiders. Strong institutional ownership is an indication that endowments, large money managers and hedge funds believe a company will outperform the market over the long term.

Volatility and Risk

Trinseo has a beta of 2.3, indicating that its share price is 130% more volatile than the S&P 500. Comparatively, Rogers has a beta of 1.51, indicating that its share price is 51% more volatile than the S&P 500.

Valuation and Earnings

This table compares Trinseo and Rogers’ revenue, earnings per share (EPS) and valuation.

	Gross Revenue	Price/Sales Ratio	Net Income	Earnings Per Share	Price/Earnings Ratio
Trinseo	$4.45 billion	0.73	$328.30 million	$8.13	9.25
Rogers	$821.04 million	2.65	$80.45 million	$5.76	20.55

Trinseo has higher revenue and earnings than Rogers. Trinseo is trading at a lower price-to-earnings ratio than Rogers, indicating that it is currently the more affordable of the two stocks.

Dividends

Trinseo pays an annual dividend of $1.44 per share and has a dividend yield of 1.9%. Rogers does not pay a dividend. Trinseo pays out 17.7% of its earnings in the form of a dividend.

Analyst Ratings

This is a summary of recent ratings and recommmendations for Trinseo and Rogers, as reported by MarketBeat.

	Sell Ratings	Hold Ratings	Buy Ratings	Strong Buy Ratings	Rating Score
Trinseo	0	2	4	0	2.67
Rogers	0	0	3	0	3.00

Trinseo presently has a consensus price target of $88.60, indicating a potential upside of 17.82%. Rogers has a consensus price target of $151.67, indicating a potential upside of 28.15%. Given Rogers’ stronger consensus rating and higher possible upside, analysts plainly believe Rogers is more favorable than Trinseo.

Profitability

This table compares Trinseo and Rogers’ net margins, return on equity and return on assets.

	Net Margins	Return on Equity	Return on Assets
Trinseo	7.42%	59.08%	13.86%
Rogers	9.56%	13.71%	9.34%

Summary

Trinseo beats Rogers on 9 of the 16 factors compared between the two stocks.

Trinseo Company Profile

Trinseo S.A., a materials company, manufactures and markets synthetic rubber, latex binders, and plastic products in Europe, the United States, the Asia Pacific, and internationally. The company operates through Latex Binders, Synthetic Rubber, Performance Plastics, Basic Plastics, Feedstocks, and Americas Styrenics segments. The Latex Binders segment offers styrene-butadiene, styrene-acrylate, vinylidene chloride, and butadiene-methacrylate latex products for the commercial and niche carpet markets, as well as performance latex products for the adhesive, building and construction, and technical textile paper markets. The Synthetic Rubber segment provides styrene-butadiene rubber, emulsion styrene-butadiene rubber, nickel polybutadiene rubber, and neodymium polybutadiene rubber for use in tires, modifiers, and technical rubber products. The Performance Plastics segment offers engineered compounds and blend products for the automotive, consumer electronics, medical, electrical, and lighting markets. The Basic Plastics segment provides polystyrene, polycarbonate, acrylonitrile-butadiene-styrene, and styrene-acrylonitrile for use in appliances, food packaging and food service disposables, consumer electronics, and building and construction materials. The Feedstocks segment offers styrene monomer, a basic building block of plastics. The Americas Styrenics segment provides styrene and polystyrene, as well as general purpose polystyrenes, high heat, high impact resin, and STYRON A-TECH polystyrene products. The company's products are also used in carpet and artificial turf backing, coated and specialty paper, and other markets. Trinseo S.A. was founded in 2010 and is headquartered in Berwyn, Pennsylvania.

Rogers Company Profile

Rogers Corporation designs, develops, manufactures, and sells engineered materials and components worldwide. The company's Advanced Connectivity Solutions segment offers circuit materials and solutions for connectivity applications in wireless communications infrastructure, automotive, connected devices, wired infrastructure, consumer electronics, and aerospace/defense. Its Elastomeric Material Solutions segment provides elastomeric material solutions for critical cushioning, sealing, impact protection, and vibration management applications, including general industrial, portable electronics, consumer goods, automotive, mass transportation, construction, and printing applications. The company's Power Electronics Solutions segment offers ceramic substrate materials for power module applications, laminated bus bars for power inverter and high power interconnect applications, and micro-channel coolers. Its Other segment provides elastomeric components for applications in ground transportation, office equipment, consumer, and other markets; elastomer floats for level sensing in fuel tanks, motors, and storage tanks; and inverters for portable communications and automotive markets. The company also manufactures and sells polytetrafluoroethylene, ultra-high molecular weight polyethylene films, pressure sensitive tapes, and specialty products for the industrial, aerospace, automotive, and electronics markets. Rogers Corporation was founded in 1832 and is headquartered in Chandler, Arizona.

Are AT&T Shares Worth The Risk?

If there's any company struggling more with recent bad publicity than Tesla (Nasdaq: TSLA), that company would have to be AT&T (NYSE: T). The company just can't seem to get out of its own way.

Take the ongoing merger with Time Warner (Nasdaq: TWX). AT&T management believes the deal will reinforce the Direct TV purchase, which cost AT&T $67 billion. But the $85 billion price tag for TWX, including an additional $50 billion of debt, seems a bridge too far. On top of that, the company is facing stiff resistance from the Department of Justice's Antitrust Division.

Now, it's no surprise that the deal would face regulatory resistance. What is a surprise is why a large-cap company with the vast resources of AT&T would hire a law firm with no actual experience in handling antitrust law. Instead, they hired Daniel Petrocelli, a defense attorney best known for winning a wrongful death suit against O.J. Simpson.

And while it's possible Petrocelli could win, it's definitely an uphill battle for an inexperienced team to go against a DOJ team with antitrust experience spanning several decades.

Then there's the revelation that AT&T paid $600,000 to Trump lawyer Michael Cohen. Ostensibly, the payment was for "insights" into the administration of Donald Trump -- whatever that means. But while the payment raises questions about the actions of AT&T management, the payment doesn't appear to be illegal, and therefore, will cause no lasting harm to the company. It's just another PR disaster for a company moving aimlessly.

A Real Threat
The biggest threat to AT&T is the growing trend of cord-cutting losses at Direct TV. While the 2015 deal looked good on paper, the deal closed about the same time as the cord-cutting trend first gained traction nationwide. Sadly, it appears AT&T management didn't see the secular trend coming.

Since then, AT&T has seen its Direct TV subscriber base decrease. Now, it's true that some of these losses have been partially offset by gains in the company's newest streaming version of Direct TV called DirectTV NOW. But the revenue differences between the two services are significant, meaning top line entertainment revenues are likely to continue shrinking for another few years.� �

AT&T Remains An Attractive Buy
Despite the mostly self-inflicted headwinds, AT&T makes for a compelling buy.

As you can see from the chart above, the stock is at the lower end of a channel dating back to 2012. At this level, support is strong, meaning a break below $30 is unlikely.

The stock trades at a price-earnings (P/E) ratio of 6.6 -- the lowest level in a decade. Of course, the stock's recent malaise is directly attributable to management's mishandling of the Time Warner and Direct TV deals.

Still, AT&T makes for an attractive investment. Sure, it might be a better investment if the Time Warner were to be nixed by the judge deciding the case next month. That's because pay TV is shrinking, and very little of the Time Warner deal will do anything to change that. At best, the deal provides the company a hedge of sorts against subscriber losses with the newfound ability to charge its competitors for programming. �

Don't Forget 5G
But AT&T's entertainment division isn't the only profit center for the company. AT&T and rival Verizon (NYSE: VZ) are leading the way for significant 5G rollouts in late 2018 and 2019. This is a big deal.

You see, networks using 5G technology are capable of delivering speed up to 10 times faster than 4G speeds. So a full HD movie taking about an hour to download on a 4G network will take just seconds on a 5G network. What this means is that the long-awaited promises of virtual reality, autonomous cars, and IoT (Internet of Things) will soon become a reality.

And A 6% Dividend

Any discussion of AT&T must eventually get around to the company's 6% dividend. But to be fair, we have to look at the dividend in light of the Time Warner deal. You see, should the deal be approved, the question becomes an issue of dividend sustainability in light of the amount of debt service the company takes on to fund the deal.

Given the vast size of TWX's TV and movie content, AT&T will have a trove of valuable content to sell through its various streaming services. Offsetting some of this revenue will be interest payments to finance the $50 billion needed to buy Time Warner. At current rates, the deal will require about $2 billion annually in interest payments.

On the other hand, TWX will generate $4.2 billion free cash flow this year. Adding this to AT&T's $18.3 billion in free cash flow, the combined company will have more than enough available cash to continue growing its $3 billion dividend.

And should the judge nix the TWX deal, AT&T's payout ratio of 42% ensures continued growth of the dividend through its regular operations.

At the end of the day, AT&T management has made some poor decisions in recent years. But the company is on solid footing -- making the 6% dividend attractive for investors looking for income.

Risks To Consider: The Time Warner decision from Federal Judge Richard Leon is expected no later than June 12, 2018. Whether the judges decides for or against the deal, expect increased volatility for AT&T shares. But regardless of the decision, the investment thesis surrounding the stock is bullish.

Action To Take:� Buy shares up to $34/share. Mitigate your risk by applying no more than 3% of your portfolio into shares of T. This recommendation is for investors with a medium to long-term time horizon, so expect to hold shares for five years or longer. Use a 25% trailing stop on your position.

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Brokerages Anticipate Comtech Telecommunications Corp. (CMTL) Will Post Quarterly Sales of $144.40 M

Analysts expect that Comtech Telecommunications Corp. (NASDAQ:CMTL) will report $144.40 million in sales for the current fiscal quarter, Zacks Investment Research reports. Three analysts have provided estimates for Comtech Telecommunications’ earnings. The lowest sales estimate is $141.60 million and the highest is $146.60 million. Comtech Telecommunications reported sales of $127.79 million during the same quarter last year, which indicates a positive year over year growth rate of 13%. The company is expected to issue its next quarterly earnings report on Wednesday, June 6th.

On average, analysts expect that Comtech Telecommunications will report full-year sales of $575.40 million for the current fiscal year, with estimates ranging from $570.40 million to $580.50 million. For the next year, analysts anticipate that the company will report sales of $602.80 million per share, with estimates ranging from $599.00 million to $609.40 million. Zacks’ sales calculations are an average based on a survey of research firms that that provide coverage for Comtech Telecommunications.

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Comtech Telecommunications (NASDAQ:CMTL) last released its quarterly earnings results on Wednesday, March 7th. The communications equipment provider reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.08) by $0.15. Comtech Telecommunications had a return on equity of 2.20% and a net margin of 4.87%. The company had revenue of $133.70 million for the quarter, compared to analyst estimates of $124.65 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The firm’s revenue was down 3.8% compared to the same quarter last year.

A number of research firms have commented on CMTL. Citigroup started coverage on Comtech Telecommunications in a research report on Thursday, May 17th. They set a “neutral” rating and a $33.00 target price on the stock. BidaskClub lowered Comtech Telecommunications from a “hold” rating to a “sell” rating in a research note on Thursday, January 25th. Zacks Investment Research lowered Comtech Telecommunications from a “buy” rating to a “hold” rating in a research note on Thursday, February 8th. BMO Capital Markets upped their target price on Comtech Telecommunications to $35.00 and gave the company an “outperform” rating in a research note on Friday, March 9th. Finally, Jefferies Group reiterated a “hold” rating on shares of Comtech Telecommunications in a research note on Thursday, March 15th. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. Comtech Telecommunications presently has an average rating of “Buy” and a consensus price target of $28.10.

In other Comtech Telecommunications news, insider Richard L. Burt sold 82,700 shares of the company’s stock in a transaction dated Monday, March 12th. The stock was sold at an average price of $30.46, for a total transaction of $2,519,042.00. Following the completion of the sale, the insider now directly owns 178,315 shares in the company, valued at $5,431,474.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edwin Kantor sold 3,318 shares of the company’s stock in a transaction dated Tuesday, April 3rd. The stock was sold at an average price of $30.49, for a total value of $101,165.82. Following the sale, the director now owns 4,057 shares of the company’s stock, valued at $123,697.93. The disclosure for this sale can be found here. Insiders have sold 116,018 shares of company stock valued at $3,590,708 over the last 90 days. 7.00% of the stock is currently owned by insiders.

Large investors have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Comtech Telecommunications by 1.7% in the first quarter. BlackRock Inc. now owns 3,195,955 shares of the communications equipment provider’s stock worth $95,528,000 after buying an additional 54,591 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Comtech Telecommunications by 3.3% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 410,628 shares of the communications equipment provider’s stock worth $9,084,000 after buying an additional 13,261 shares during the period. State of Wisconsin Investment Board boosted its position in shares of Comtech Telecommunications by 0.6% in the first quarter. State of Wisconsin Investment Board now owns 320,000 shares of the communications equipment provider’s stock worth $9,565,000 after buying an additional 2,000 shares during the period. Pacific Ridge Capital Partners LLC boosted its position in shares of Comtech Telecommunications by 3.1% in the fourth quarter. Pacific Ridge Capital Partners LLC now owns 302,183 shares of the communications equipment provider’s stock worth $6,684,000 after buying an additional 9,080 shares during the period. Finally, Goldman Sachs Group Inc. boosted its position in shares of Comtech Telecommunications by 62.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 279,610 shares of the communications equipment provider’s stock worth $6,185,000 after buying an additional 107,108 shares during the period. Institutional investors own 88.29% of the company’s stock.

Shares of Comtech Telecommunications traded up $0.28, reaching $31.09, during trading on Friday, Marketbeat reports. The company’s stock had a trading volume of 49,471 shares, compared to its average volume of 174,821. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.82 and a quick ratio of 1.29. The company has a market cap of $736.00 million, a PE ratio of 91.44, a price-to-earnings-growth ratio of 11.43 and a beta of 1.49. Comtech Telecommunications has a 12-month low of $13.95 and a 12-month high of $32.94.

The company also recently declared a quarterly dividend, which was paid on Friday, May 18th. Shareholders of record on Wednesday, April 18th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Tuesday, April 17th. This represents a $0.40 annualized dividend and a yield of 1.29%. Comtech Telecommunications’s dividend payout ratio is presently 117.65%.

About Comtech Telecommunications

Comtech Telecommunications Corp. designs, develops, produces, and markets products, systems, and services for communications solutions. The company's Commercial Solutions segment provides ground-based equipment, such as single channel per carrier modems and solid state amplifiers that facilitate the transmission of voice, video, and data, as well as offers traveling wave tube amplifiers comprising high power narrow-band amplifiers that are used to amplify signals from satellite earth stations; and safety and security technology solutions that enable 911 c.

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U.S. Steel (X) Upgraded to “Buy” by Zacks Investment Research

Zacks Investment Research upgraded shares of U.S. Steel (NYSE:X) from a hold rating to a buy rating in a report released on Wednesday. The brokerage currently has $41.00 price target on the basic materials company’s stock.

According to Zacks, “U.S. Steel’s adjusted earnings and sales for the first quarter beat the respective Zacks Consensus Estimate. U.S. Steel has outperformed the industry it belongs to over the past six months. The company is actively engaged in improving its cost structure and operations through the Carnegie Way initiative that are expected to deliver meaningful benefits in 2018. U.S. Steel should also gain from healthy automotive demand and actions to expand its foothold in this key market. U.S. Steel also remains committed to deleverage its balance sheet.”

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X has been the topic of several other research reports. Bank of America cut shares of U.S. Steel from a buy rating to a neutral rating and set a $50.00 price target on the stock. in a research report on Friday, March 2nd. Cowen reduced their price target on shares of U.S. Steel from $41.00 to $37.00 and set a market perform rating on the stock in a research report on Monday, April 30th. JPMorgan Chase increased their price target on shares of U.S. Steel from $48.00 to $69.00 in a research report on Friday, March 9th. UBS reduced their price target on shares of U.S. Steel from $30.00 to $28.00 and set a sell rating on the stock in a research report on Friday, May 11th. Finally, Argus reaffirmed a buy rating and set a $52.00 price target (up previously from $41.00) on shares of U.S. Steel in a research report on Wednesday, February 21st. Three research analysts have rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus target price of $40.36.

U.S. Steel opened at $36.46 on Wednesday, MarketBeat reports. The company has a debt-to-equity ratio of 0.75, a current ratio of 1.63 and a quick ratio of 1.02. The stock has a market capitalization of $6.63 billion, a price-to-earnings ratio of 18.79, a PEG ratio of 0.89 and a beta of 3.01. U.S. Steel has a 1-year low of $19.20 and a 1-year high of $47.64.

U.S. Steel (NYSE:X) last issued its quarterly earnings results on Thursday, April 26th. The basic materials company reported $0.32 EPS for the quarter, topping the consensus estimate of $0.29 by $0.03. U.S. Steel had a net margin of 4.62% and a return on equity of 17.92%. The business had revenue of $3.15 billion for the quarter, compared to analysts’ expectations of $3.15 billion. During the same quarter last year, the company posted ($0.83) earnings per share. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. sell-side analysts expect that U.S. Steel will post 5.27 earnings per share for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 8th. Investors of record on Thursday, May 10th will be paid a dividend of $0.05 per share. The ex-dividend date of this dividend is Wednesday, May 9th. This represents a $0.20 annualized dividend and a yield of 0.55%. U.S. Steel’s dividend payout ratio (DPR) is 10.31%.

In related news, Director Paul Anthony Mascarenas sold 3,531 shares of the stock in a transaction dated Thursday, March 15th. The shares were sold at an average price of $38.40, for a total transaction of $135,590.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Kevin Bradley acquired 20,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 14th. The shares were acquired at an average price of $39.99 per share, for a total transaction of $799,800.00. The disclosure for this purchase can be found here. In the last quarter, insiders have sold 26,847 shares of company stock worth $1,084,057. 1.01% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in X. American International Group Inc. increased its stake in shares of U.S. Steel by 1.1% in the fourth quarter. American International Group Inc. now owns 361,380 shares of the basic materials company’s stock valued at $12,717,000 after purchasing an additional 4,063 shares during the period. Elkfork Partners LLC acquired a new stake in shares of U.S. Steel in the fourth quarter valued at approximately $540,000. Schwab Charles Investment Management Inc. increased its stake in shares of U.S. Steel by 7.1% in the fourth quarter. Schwab Charles Investment Management Inc. now owns 752,227 shares of the basic materials company’s stock valued at $26,471,000 after purchasing an additional 49,542 shares during the period. MUFG Americas Holdings Corp acquired a new stake in shares of U.S. Steel in the fourth quarter valued at approximately $289,000. Finally, Chemical Bank acquired a new stake in shares of U.S. Steel in the fourth quarter valued at approximately $208,000. Hedge funds and other institutional investors own 66.74% of the company’s stock.

U.S. Steel Company 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: Flat-Rolled Products (Flat-Rolled), U. S. Steel Europe (USSE), and Tubular Products (Tubular). The Flat-Rolled segment offers slabs, rounds, strip mill plates, sheets, and tin mill products.

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