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

JPMorgan Chase & Co. lifted its position in United States Cellular Co. (NYSE:USM) by 78.0% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 93,781 shares of the Wireless communications provider’s stock after acquiring 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 filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. State Street Corp lifted its holdings in shares of United States Cellular by 13.0% in the third quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock valued at $5,812,000 after purchasing an additional 12,219 shares in the last quarter. Barclays PLC boosted its position in United States Cellular by 10.8% during the 3rd 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. Geode Capital Management LLC grew its stake in United States Cellular by 4.7% during the 3rd quarter. Geode Capital Management LLC now owns 166,181 shares of the Wireless communications provider’s stock valued at $9,085,000 after acquiring an additional 7,449 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of United States Cellular by 262.8% in the 4th quarter. SG Americas Securities LLC now owns 17,275 shares of the Wireless communications provider’s stock valued at $1,083,000 after purchasing an additional 12,513 shares during the period. Finally, Mariner Investment Group LLC purchased a new stake in shares of United States Cellular in the fourth quarter worth approximately $1,944,000. Institutional investors and hedge funds own 18.03% of the company’s stock.

United States Cellular Price Performance

NYSE USM opened at $68.64 on Friday. The company has a 50 day moving average price of $66.19 and a two-hundred day moving average price of $63.27. United States Cellular Co. has a 12-month low of $33.75 and a 12-month high of $70.79. The stock has a market capitalization of $5.83 billion, a PE ratio of -190.66 and a beta of 0.40. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $964.70 million. During the same period in the prior year, the company posted $0.23 earnings per share. As a group, equities analysts predict that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Analyst Ratings Changes

USM has been the topic of several research reports. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. increased their price objective on United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a report on Monday, February 24th.

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.