Deutsche Bank AG Makes New Investment in United States Cellular Co. (NYSE:USM)

Deutsche Bank AG bought a new position in United States Cellular Co. (NYSE:USM - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 6,871 shares of the Wireless communications provider's stock, valued at approximately $431,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of United States Cellular in the 4th quarter worth approximately $38,000. Amundi raised its holdings in shares of United States Cellular by 17.6% during 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 during the period. BNP Paribas Financial Markets increased its stake in United States Cellular by 37.6% in the 4th quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider's stock valued at $104,000 after buying an additional 453 shares during the period. Venturi Wealth Management LLC increased its stake in United States Cellular by 1,917.3% in the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider's stock valued at $139,000 after buying an additional 2,109 shares during the period. Finally, Vestcor Inc bought a new stake in United States Cellular in the fourth quarter worth approximately $187,000. 18.03% of the stock is owned by institutional investors and hedge funds.

United States Cellular Stock Performance

Shares of NYSE:USM traded down $0.36 on Tuesday, hitting $62.42. The company had a trading volume of 201,862 shares, compared to its average volume of 181,513. United States Cellular Co. has a 1-year low of $47.59 and a 1-year high of $70.79. The stock has a market cap of $5.31 billion, a price-to-earnings ratio of -173.39 and a beta of 0.39. The stock has a 50 day moving average price of $64.57 and a 200 day moving average price of $64.17. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM - Get Free Report) last posted its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.37 by ($0.16). 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 $891.00 million for the quarter, compared to the consensus estimate of $924.90 million. Analysts expect that United States Cellular Co. will post 0.57 EPS for the current year.

Analyst Ratings Changes

Several research firms recently issued reports on USM. JPMorgan Chase & Co. decreased their price objective on shares of United States Cellular from $88.00 to $85.00 and set an "overweight" rating for the company in a report on Wednesday, May 28th. Raymond James reaffirmed an "outperform" rating and set a $78.00 price objective (down from $83.00) on shares of United States Cellular in a report on Monday, May 5th. Finally, Wall Street Zen upgraded shares of United States Cellular from a "sell" rating to a "hold" rating in a research report on Friday, February 21st.

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.