FMR LLC lifted its position in United States Cellular Co. (NYSE:USM - Free Report) by 3.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 247,985 shares of the Wireless communications provider's stock after acquiring an additional 8,416 shares during the period. FMR LLC owned 0.29% of United States Cellular worth $13,552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds have also recently made changes to their positions in USM. The Manufacturers Life Insurance Company boosted its holdings in United States Cellular by 6.3% in the third quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider's stock valued at $227,000 after purchasing an additional 245 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of 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 acquiring an additional 31,934 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of United States Cellular during the 3rd quarter worth about $303,000. Quest Partners LLC boosted its stake in shares of United States Cellular by 231.1% during the 3rd quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider's stock worth $255,000 after acquiring an additional 3,263 shares in the last quarter. Finally, Victory Capital Management Inc. lifted its stake in United States Cellular by 21.5% in the 3rd quarter. Victory Capital Management Inc. now owns 15,153 shares of the Wireless communications provider's stock valued at $828,000 after buying an additional 2,678 shares in the last quarter. 18.03% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of equities analysts have weighed in on USM shares. Wells Fargo & Company boosted their price objective on 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 raised shares of United States Cellular from a "market perform" rating to an "outperform" rating and set a $86.00 price objective for the company in a report on Thursday, November 7th. Finally, StockNews.com raised shares of United States Cellular from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th.
Check Out Our Latest Analysis on United States Cellular
United States Cellular Stock Performance
United States Cellular stock traded up $0.57 during trading hours on Wednesday, reaching $61.42. 88,998 shares of the stock were exchanged, compared to its average volume of 227,732. The firm's 50 day moving average is $60.98 and its 200 day moving average is $56.73. 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 stock has a market cap of $5.28 billion, a P/E ratio of -169.03 and a beta of 0.48. United States Cellular Co. has a 52-week low of $32.01 and a 52-week high of $68.31.
United States Cellular (NYSE:USM - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.13 by $0.13. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The company had revenue of $922.00 million for the quarter, compared to analysts' expectations of $940.40 million. During the same period last year, the company earned $0.26 EPS. The firm's revenue for the quarter was down 4.3% compared to the same quarter last year. Analysts predict that United States Cellular Co. will post 0.57 EPS for the current fiscal year.
United States Cellular Profile
(
Free Report)
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.
Further Reading
Before you consider United States Cellular, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United States Cellular wasn't on the list.
While United States Cellular currently has a "Buy" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
As the AI market heats up, investors who have a vision for artificial intelligence have the potential to see real returns. Learn about the industry as a whole as well as seven companies that are getting work done with the power of AI.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
