6,871 Shares in United States Cellular Co. (NYSE:USM) Acquired by Deutsche Bank AG

Deutsche Bank AG bought a new position in shares of United States Cellular Co. (NYSE:USM) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,871 shares of the Wireless communications provider’s stock, valued at approximately $431,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of USM. R Squared Ltd acquired a new stake in United States Cellular during the 4th quarter worth approximately $38,000. Park Capital Management LLC WI acquired a new stake in United States Cellular during the 4th quarter worth approximately $459,000. Venturi Wealth Management LLC increased its position in United States Cellular by 1,917.3% during the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 2,109 shares in the last quarter. Skylands Capital LLC acquired a new stake in United States Cellular during the 4th quarter worth approximately $1,022,000. Finally, Charles Schwab Investment Management Inc. increased its position in United States Cellular by 20.9% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider’s stock worth $10,847,000 after purchasing an additional 29,927 shares in the last quarter. Institutional investors and hedge funds own 18.03% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on USM. Wall Street Zen upgraded 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 issued a $78.00 price target (down previously from $83.00) on shares of United States Cellular in a report on Monday, May 5th. Finally, JPMorgan Chase & Co. decreased their price target on United States Cellular from $88.00 to $85.00 and set an “overweight” rating for the company in a report on Wednesday.

United States Cellular Stock Down 1.6%

NYSE USM opened at $61.83 on Friday. The stock has a market cap of $5.26 billion, a PE ratio of -171.75 and a beta of 0.39. United States Cellular Co. has a fifty-two week low of $45.36 and a fifty-two week high of $70.79. The business has a 50 day moving average price of $64.99 and a two-hundred day moving average price of $64.15. 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 released its earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.37 by ($0.16). The business had revenue of $891.00 million for the quarter, compared to analysts’ expectations of $924.90 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. As a group, sell-side analysts predict that United States Cellular Co. will post 0.57 EPS for the current fiscal year.

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.