Geode Capital Management LLC Purchases 3,057 Shares of United States Cellular Co. (NYSE:USM)

Geode Capital Management LLC lifted its position in United States Cellular Co. (NYSE:USM) by 1.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 169,238 shares of the Wireless communications provider’s stock after acquiring an additional 3,057 shares during the quarter. Geode Capital Management LLC owned 0.20% of United States Cellular worth $10,620,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in USM. American Century Companies Inc. lifted its stake in United States Cellular by 12.4% in the fourth quarter. American Century Companies Inc. now owns 464,685 shares of the Wireless communications provider’s stock worth $29,145,000 after purchasing an additional 51,362 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of United States Cellular by 20.9% in 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 buying an additional 29,927 shares during the period. State Street Corp lifted its stake in shares of United States Cellular by 13.0% during the 3rd 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 last quarter. JPMorgan Chase & Co. lifted its stake in shares of United States Cellular by 78.0% during the 4th quarter. JPMorgan Chase & Co. now owns 93,781 shares of the Wireless communications provider’s stock worth $5,882,000 after acquiring an additional 41,093 shares during the last quarter. Finally, Swiss National Bank boosted its holdings in United States Cellular by 1.3% during the 4th quarter. Swiss National Bank now owns 31,300 shares of the Wireless communications provider’s stock valued at $1,963,000 after acquiring an additional 400 shares during the period. 18.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have weighed in on the company. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. JPMorgan Chase & Co. lifted their price objective 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.

United States Cellular Trading Down 0.8 %

USM opened at $65.99 on Wednesday. United States Cellular Co. has a 52 week low of $33.75 and a 52 week high of $70.79. The company has a market capitalization of $5.61 billion, a P/E ratio of -183.30 and a beta of 0.40. The stock’s fifty day moving average is $66.29 and its two-hundred day moving average is $63.57. 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 announced its quarterly 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 positive return on equity of 1.55% and a negative net margin of 0.79%. The firm had revenue of $970.00 million for the quarter, compared to analyst estimates of $964.70 million. During the same quarter last year, the firm posted $0.23 earnings per share. Analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current 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.