The Manufacturers Life Insurance Company Acquires 245 Shares of United States Cellular Co. (NYSE:USM)

The Manufacturers Life Insurance Company raised its position in shares of United States Cellular Co. (NYSE:USM) by 6.3% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,148 shares of the Wireless communications provider’s stock after purchasing an additional 245 shares during the period. The Manufacturers Life Insurance Company’s holdings in United States Cellular were worth $227,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the business. Dimensional Fund Advisors LP grew its position in United States Cellular by 3.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock valued at $128,349,000 after acquiring an additional 72,843 shares during the last quarter. Seven Eight Capital LP purchased a new stake in shares of United States Cellular during the second quarter valued at approximately $589,000. Charles Schwab Investment Management Inc. increased its holdings in United States Cellular by 28.7% during 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. Gabelli Funds LLC lifted its holdings in United States Cellular by 3.2% during the 2nd quarter. Gabelli Funds LLC now owns 680,300 shares of the Wireless communications provider’s stock worth $37,974,000 after buying an additional 20,785 shares during the last quarter. Finally, Sei Investments Co. acquired a new stake in United States Cellular during the second quarter worth about $543,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. Raymond James raised United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a research note on Thursday, November 7th. StockNews.com raised United States Cellular from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Finally, Wells Fargo & Company increased their price target on shares of United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a report on Monday, November 4th.

United States Cellular Trading Down 1.0 %

NYSE:USM opened at $62.34 on Tuesday. 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 capitalization of $5.36 billion, a PE ratio of -173.16 and a beta of 0.48. The business’s 50-day simple moving average is $61.52 and its 200-day simple moving average is $57.18. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $68.31.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.13 by $0.13. The firm had revenue of $922.00 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $0.26 earnings per share. Sell-side analysts expect that United States Cellular Co. will post 0.57 earnings per share 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.