Price T Rowe Associates Inc. MD Reduces Stock Position in United States Cellular Co. (NYSE:USM)

Price T Rowe Associates Inc. MD lowered its position in United States Cellular Co. (NYSE:USM - Free Report) by 56.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,768 shares of the Wireless communications provider's stock after selling 14,113 shares during the period. Price T Rowe Associates Inc. MD's holdings in United States Cellular were worth $676,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in USM. Mariner Investment Group LLC acquired a new stake in shares of United States Cellular in the 4th quarter valued at approximately $1,944,000. Charles Schwab Investment Management Inc. raised its position in United States Cellular by 20.9% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 172,948 shares of the Wireless communications provider's stock worth $10,847,000 after acquiring an additional 29,927 shares in the last quarter. JPMorgan Chase & Co. raised its position in United States Cellular by 34.3% in the third quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider's stock worth $2,879,000 after acquiring an additional 13,467 shares in the last quarter. Park Capital Management LLC WI acquired a new stake in United States Cellular in the fourth quarter valued at $459,000. Finally, Amundi lifted its holdings in United States Cellular by 17.6% in 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. Hedge funds and other institutional investors own 18.03% of the company's stock.

United States Cellular Price Performance

Shares of NYSE:USM traded up $0.77 during midday trading on Friday, hitting $61.80. 168,566 shares of the stock were exchanged, compared to its average volume of 192,432. United States Cellular Co. has a twelve month low of $41.25 and a twelve month high of $70.79. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63. The company has a 50 day moving average price of $65.84 and a 200-day moving average price of $64.18. The stock has a market cap of $5.25 billion, a P/E ratio of -171.66 and a beta of 0.39.

United States Cellular (NYSE:USM - Get Free Report) last announced its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.37 by ($0.16). United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The business had revenue of $891.00 million during the quarter, compared to analysts' expectations of $924.90 million. On average, research analysts forecast that United States Cellular Co. will post 0.57 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on USM shares. JPMorgan Chase & Co. increased their price target on shares of United States Cellular from $86.00 to $88.00 and gave the company an "overweight" rating in a report on Monday, February 24th. Raymond James reaffirmed an "outperform" rating and issued a $78.00 target price (down from $83.00) on shares of United States Cellular in a report on Monday, May 5th. Finally, StockNews.com 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.