Atria Wealth Solutions Inc. raised its position in United States Cellular Corporation (NYSE:USM - Free Report) by 100.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,000 shares of the Wireless communications provider's stock after purchasing an additional 7,000 shares during the period. Atria Wealth Solutions Inc.'s holdings in United States Cellular were worth $968,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in USM. Lazard Asset Management LLC lifted its holdings in United States Cellular by 1,837.5% in the 4th quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider's stock valued at $58,000 after purchasing an additional 882 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings 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 purchasing an additional 453 shares in the last quarter. Harbor Capital Advisors Inc. purchased a new position in United States Cellular in the 1st quarter valued at about $176,000. Mirae Asset Global Investments Co. Ltd. purchased a new position in United States Cellular in the 1st quarter valued at about $195,000. Finally, Corton Capital Inc. purchased a new position in United States Cellular in the 4th quarter valued at about $203,000. 18.03% of the stock is currently owned by hedge funds and other institutional investors.
United States Cellular Price Performance
The business's fifty day moving average is $67.87 and its 200-day moving average is $65.95. The company has a debt-to-equity ratio of 0.62, a quick ratio of 1.48 and a current ratio of 1.70. The stock has a market cap of $6.62 billion, a price-to-earnings ratio of -259.59 and a beta of 0.38. United States Cellular Corporation has a 1-year low of $51.20 and a 1-year high of $79.17.
United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported $0.36 EPS for the quarter, beating the consensus estimate of $0.33 by $0.03. The business had revenue of $916.00 million during the quarter, compared to analysts' expectations of $907.73 million. United States Cellular had a positive return on equity of 1.68% and a negative net margin of 0.68%. Analysts expect that United States Cellular Corporation will post 0.57 earnings per share for the current fiscal year.
United States Cellular Increases Dividend
The company also recently announced a special dividend, which will be paid on Tuesday, August 19th. Investors of record on Monday, August 11th will be paid a $23.00 dividend. The ex-dividend date is Wednesday, August 20th. This is a positive change from United States Cellular's previous special dividend of $0.06.
Wall Street Analysts Forecast Growth
A number of research firms have issued reports on USM. Raymond James Financial restated an "outperform" rating and issued a $84.00 target price (up from $78.00) on shares of United States Cellular in a report on Friday, July 25th. JPMorgan Chase & Co. increased their price objective on shares of United States Cellular from $85.00 to $87.00 and gave the stock an "overweight" rating in a report on Tuesday.
Get Our Latest Analysis on USM
United States Cellular Company Profile
(
Free Report)
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.
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