First Trust Advisors LP Grows Holdings in United States Cellular Co. (NYSE:USM)

First Trust Advisors LP grew its stake in United States Cellular Co. (NYSE:USM - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 60,930 shares of the Wireless communications provider's stock after purchasing an additional 6,002 shares during the period. First Trust Advisors LP owned about 0.07% of United States Cellular worth $3,822,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in United States Cellular in the fourth quarter valued at approximately $38,000. Amundi boosted its holdings in shares of United States Cellular by 17.6% during the 4th 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 grew 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 acquiring an additional 2,109 shares during the last quarter. Vestcor Inc bought a new stake in United States Cellular during the 4th quarter worth $187,000. Finally, Invesco LLC acquired a new stake in United States Cellular during the 4th quarter worth about $219,000. 18.03% of the stock is owned by institutional investors.

Analysts Set New Price Targets

USM has been the topic of several research analyst reports. JPMorgan Chase & Co. upped their target price on United States Cellular from $86.00 to $88.00 and gave the company an "overweight" rating in a research report on Monday, February 24th. StockNews.com upgraded United States Cellular from a "sell" rating to a "hold" rating in a report on Friday, February 21st. Finally, Raymond James reiterated an "outperform" rating and issued a $78.00 price objective (down previously from $83.00) on shares of United States Cellular in a research note on Monday.

United States Cellular Stock Up 8.4 %

Shares of United States Cellular stock traded up $4.92 during trading hours on Tuesday, reaching $63.25. The company's stock had a trading volume of 498,304 shares, compared to its average volume of 208,711. 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's fifty day simple moving average is $66.27 and its two-hundred day simple moving average is $64.18. The company has a market capitalization of $5.38 billion, a P/E ratio of -175.70 and a beta of 0.39. United States Cellular Co. has a one year low of $34.00 and a one year high of $70.79.

United States Cellular (NYSE:USM - Get Free Report) last released its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.37 by ($0.16). The company had revenue of $891.00 million for the quarter, compared to analyst estimates 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, research analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current 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.