United States Cellular Co. (NYSE:USM) Position Reduced by Bank of New York Mellon Corp

Bank of New York Mellon Corp trimmed its position in United States Cellular Co. (NYSE:USM) by 39.4% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,502 shares of the Wireless communications provider’s stock after selling 6,822 shares during the quarter. Bank of New York Mellon Corp’s holdings in United States Cellular were worth $659,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in USM. The Manufacturers Life Insurance Company boosted its position in United States Cellular by 6.3% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock worth $227,000 after acquiring an additional 245 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of United States Cellular by 0.7% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 36,029 shares of the Wireless communications provider’s stock worth $1,969,000 after purchasing an additional 264 shares in the last quarter. R Squared Ltd acquired a new stake in shares of United States Cellular during the fourth quarter worth approximately $38,000. Venturi Wealth Management LLC grew its position in United States Cellular by 1,917.3% during 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 in the last quarter. Finally, Barclays PLC increased its stake in United States Cellular by 10.8% in the 3rd quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider’s stock valued at $1,345,000 after buying an additional 2,405 shares during the period. 18.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. boosted their price target on shares of United States Cellular from $86.00 to $88.00 and gave the company an “overweight” rating in a report on Monday, February 24th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st.

United States Cellular Trading Down 0.2 %

Shares of NYSE:USM opened at $69.12 on Thursday. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The stock has a market capitalization of $5.87 billion, a PE ratio of -191.99 and a beta of 0.46. United States Cellular Co. has a 1 year low of $33.38 and a 1 year high of $70.00. The firm has a fifty day moving average price of $65.07 and a 200 day moving average price of $62.00.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.15. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The business had revenue of $970.00 million for the quarter, compared to analyst estimates of $964.70 million. During the same quarter in the prior year, the firm posted $0.23 EPS. Analysts expect that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

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.