United States Cellular Co. (NYSE:USM) Position Increased by JPMorgan Chase & Co.

JPMorgan Chase & Co. raised its stake in United States Cellular Co. (NYSE:USM) by 34.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 52,688 shares of the Wireless communications provider’s stock after buying an additional 13,467 shares during the period. JPMorgan Chase & Co. owned approximately 0.06% of United States Cellular worth $2,879,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Point72 Asset Management L.P. acquired a new stake in shares of United States Cellular during the second quarter worth $22,394,000. Dimensional Fund Advisors LP raised its holdings in United States Cellular by 3.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock worth $128,349,000 after buying an additional 72,843 shares during the period. Algert Global LLC lifted its stake in United States Cellular by 220.8% during the second quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock valued at $4,283,000 after buying an additional 52,806 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United States Cellular by 28.7% in the third quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock worth $7,816,000 after buying an additional 31,934 shares during the period. Finally, Gabelli Funds LLC increased its position in shares of United States Cellular by 3.2% in the second quarter. Gabelli Funds LLC now owns 680,300 shares of the Wireless communications provider’s stock worth $37,974,000 after acquiring an additional 20,785 shares in the last quarter. Institutional investors and hedge funds own 18.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on USM shares. Wells Fargo & Company raised their price objective on shares of United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Raymond James upgraded 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. Finally, StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a research note on Saturday, January 11th.

United States Cellular Trading Up 2.2 %

Shares of NYSE:USM opened at $63.98 on Monday. United States Cellular Co. has a 12-month low of $32.01 and a 12-month high of $68.31. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The firm has a market capitalization of $5.50 billion, a P/E ratio of -177.71 and a beta of 0.48. The firm has a fifty day moving average of $62.58 and a two-hundred day moving average of $58.41.

United States Cellular (NYSE:USM) last issued its earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.13 by $0.13. The company had revenue of $922.00 million for the quarter, compared to analyst estimates of $940.40 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business’s revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.26 EPS. On average, equities analysts expect that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

United States Cellular 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.