United States Cellular Co. (NYSE:USM) Stock Position Reduced by Empowered Funds LLC

Empowered Funds LLC lessened its position in shares of United States Cellular Co. (NYSE:USM) by 61.2% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 35,314 shares of the Wireless communications provider’s stock after selling 55,808 shares during the quarter. Empowered Funds LLC’s holdings in United States Cellular were worth $2,215,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the company. FMR LLC lifted its holdings in United States Cellular by 3.5% during the 3rd quarter. FMR LLC now owns 247,985 shares of the Wireless communications provider’s stock worth $13,552,000 after buying an additional 8,416 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of United States Cellular by 4.7% in the 3rd quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider’s stock worth $9,085,000 after purchasing an additional 7,449 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of United States Cellular by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock worth $7,816,000 after purchasing an additional 31,934 shares during the last quarter. State Street Corp lifted its holdings in shares of United States Cellular by 13.0% in the 3rd quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock worth $5,812,000 after purchasing an additional 12,219 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its holdings in shares of United States Cellular by 34.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock worth $2,879,000 after purchasing an additional 13,467 shares during the last quarter. Institutional investors own 18.03% of the company’s stock.

United States Cellular Stock Up 2.6 %

USM opened at $67.61 on Friday. United States Cellular Co. has a 12 month low of $32.01 and a 12 month high of $68.31. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39. The stock has a market cap of $5.81 billion, a P/E ratio of -187.80 and a beta of 0.47. The stock’s 50 day moving average price is $62.92 and its 200 day moving average price is $59.57.

Wall Street Analyst Weigh In

Several analysts recently issued reports on USM shares. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target on the stock in a report on Thursday, November 7th. StockNews.com downgraded United States Cellular from a “hold” rating to a “sell” rating in a report on Thursday. Finally, Wells Fargo & Company raised their target price on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, November 4th.

United States Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.