United States Cellular Co. (NYSE:USM) Stake Reduced by Vanguard Group Inc.

Vanguard Group Inc. cut its stake in United States Cellular Co. (NYSE:USM) by 0.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,509,579 shares of the Wireless communications provider’s stock after selling 1,607 shares during the period. Vanguard Group Inc.’s holdings in United States Cellular were worth $94,681,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd acquired a new stake in shares of United States Cellular in the 4th quarter worth about $38,000. Amundi increased its stake in shares of United States Cellular by 17.6% in the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after purchasing an additional 244 shares during the period. Venturi Wealth Management LLC increased its stake in shares of United States Cellular by 1,917.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,109 shares during the period. Vestcor Inc bought a new stake in shares of United States Cellular during the fourth quarter valued at approximately $187,000. Finally, Invesco LLC acquired a new position in shares of United States Cellular during the fourth quarter worth approximately $219,000. 18.03% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on USM. JPMorgan Chase & Co. lifted their target price on United States Cellular from $86.00 to $88.00 and gave the company an “overweight” rating in a research note on Monday, February 24th. StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a report on Friday, February 21st.

United States Cellular Stock Up 5.4 %

USM opened at $66.02 on Thursday. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. The company has a market capitalization of $5.61 billion, a PE ratio of -183.38 and a beta of 0.40. The stock’s fifty day moving average is $65.91 and its 200-day moving average is $62.87. United States Cellular Co. has a one year low of $33.38 and a one year high of $70.79.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, topping the consensus estimate of ($0.10) by $0.15. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The firm had revenue of $970.00 million for the quarter, compared to analysts’ expectations of $964.70 million. During the same period in the previous year, the business earned $0.23 earnings per share. On average, equities analysts predict that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

About United States Cellular

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.