JPMorgan Chase & Co. Has $5.88 Million Position in United States Cellular Co. (NYSE:USM)

JPMorgan Chase & Co. grew its stake in United States Cellular Co. (NYSE:USM - Free Report) by 78.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 93,781 shares of the Wireless communications provider's stock after purchasing an additional 41,093 shares during the quarter. JPMorgan Chase & Co. owned approximately 0.11% of United States Cellular worth $5,882,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. State Street Corp increased its position in United States Cellular by 13.0% during the third quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider's stock worth $5,812,000 after acquiring an additional 12,219 shares during the period. Mariner Investment Group LLC bought a new position in United States Cellular during the fourth quarter worth about $1,944,000. Barclays PLC increased its position in United States Cellular by 10.8% during the third quarter. Barclays PLC now owns 24,636 shares of the Wireless communications provider's stock worth $1,345,000 after acquiring an additional 2,405 shares during the period. Charles Schwab Investment Management Inc. increased its position in United States Cellular by 20.9% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider's stock worth $10,847,000 after acquiring an additional 29,927 shares during the period. Finally, Geode Capital Management LLC increased its position in United States Cellular by 4.7% during the third quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider's stock worth $9,085,000 after acquiring an additional 7,449 shares during the period. 18.03% of the stock is owned by institutional investors.

United States Cellular Price Performance

USM stock traded up $1.36 during mid-day trading on Wednesday, hitting $67.21. The stock had a trading volume of 12,998 shares, compared to its average volume of 204,922. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. United States Cellular Co. has a 52 week low of $33.75 and a 52 week high of $70.79. The firm has a market capitalization of $5.71 billion, a P/E ratio of -186.69 and a beta of 0.40. The firm has a fifty day simple moving average of $66.29 and a 200 day simple moving average of $63.57.

United States Cellular (NYSE:USM - Get Free Report) last released its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 EPS for the quarter, beating 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 analyst estimates of $964.70 million. During the same period last year, the firm earned $0.23 EPS. As a group, research analysts forecast that United States Cellular Co. will post 0.57 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on USM. JPMorgan Chase & Co. raised their price target on shares of United States Cellular from $86.00 to $88.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th. StockNews.com raised shares of United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st.

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.