Ameriprise Financial Inc. Raises Stock Holdings in United States Cellular Co. (NYSE:USM)

Ameriprise Financial Inc. increased its position in United States Cellular Co. (NYSE:USM) by 0.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 227,397 shares of the Wireless communications provider’s stock after buying an additional 1,350 shares during the quarter. Ameriprise Financial Inc. owned 0.26% of United States Cellular worth $14,262,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in USM. R Squared Ltd bought a new stake in United States Cellular in the fourth quarter valued at $38,000. Amundi boosted its holdings in United States Cellular by 17.6% in the fourth quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock valued at $99,000 after acquiring an additional 244 shares in the last quarter. Venturi Wealth Management LLC boosted its holdings in United States Cellular by 1,917.3% in the fourth quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after acquiring an additional 2,109 shares in the last quarter. Vestcor Inc bought a new stake in United States Cellular in the fourth quarter valued at $187,000. Finally, Invesco LLC bought a new stake in United States Cellular in the fourth quarter valued at $219,000. 18.03% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts recently weighed in on USM shares. StockNews.com upgraded shares of United States Cellular from a “sell” rating to a “hold” rating in a report on Friday, February 21st. Raymond James restated an “outperform” rating and set a $78.00 target price (down previously from $83.00) on shares of United States Cellular in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. boosted their target price 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 Stock Performance

Shares of USM stock opened at $61.80 on Friday. United States Cellular Co. has a 12 month low of $41.25 and a 12 month high of $70.79. The stock has a market cap of $5.25 billion, a PE ratio of -171.66 and a beta of 0.39. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The company’s fifty day moving average price is $65.78 and its 200-day moving average price is $64.19.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). The business had revenue of $891.00 million for the quarter, compared to the consensus estimate of $924.90 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. On average, equities analysts expect that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

United States Cellular 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.