Dimensional Fund Advisors LP Cuts Stock Position in United States Cellular Co. (NYSE:USM)

Dimensional Fund Advisors LP decreased its holdings in United States Cellular Co. (NYSE:USM - Free Report) by 0.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,263,636 shares of the Wireless communications provider's stock after selling 19,447 shares during the quarter. Dimensional Fund Advisors LP owned 2.63% of United States Cellular worth $141,974,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of USM. R Squared Ltd purchased a new position in United States Cellular during the fourth quarter valued at $38,000. Amundi lifted its holdings in United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider's stock valued at $99,000 after purchasing an additional 244 shares in the last quarter. Venturi Wealth Management LLC grew its stake 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 valued at $139,000 after acquiring an additional 2,109 shares in the last quarter. Vestcor Inc acquired a new stake in United States Cellular in the 4th quarter valued at about $187,000. Finally, Invesco LLC purchased a new position in United States Cellular in the 4th quarter worth approximately $219,000. Hedge funds and other institutional investors own 18.03% of the company's stock.

Wall Street Analysts Forecast Growth

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

United States Cellular Trading Down 0.3 %

Shares of United States Cellular stock traded down $0.24 during trading hours on Thursday, hitting $68.43. The company's stock had a trading volume of 35,913 shares, compared to its average volume of 206,407. The firm has a fifty day moving average of $66.38 and a 200-day moving average of $64.02. The company has a debt-to-equity ratio of 0.63, a quick ratio of 1.39 and a current ratio of 1.57. The stock has a market cap of $5.82 billion, a price-to-earnings ratio of -190.64 and a beta of 0.40. United States Cellular Co. has a twelve month low of $33.75 and a twelve month high of $70.79.

United States Cellular (NYSE:USM - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating analysts' consensus estimates of ($0.10) by $0.15. The business had revenue of $970.00 million during the quarter, compared to analysts' expectations of $964.70 million. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. During the same period in the previous year, the firm posted $0.23 earnings per share. Research analysts forecast that United States Cellular Co. will post 0.57 EPS 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.