Schwab Charles Investment Management Inc. raised its holdings in shares of United States Cellular Corporation (NYSE:USM) by 38.6% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 86,931 shares of the Wireless communications provider’s stock after acquiring an additional 24,232 shares during the quarter. Schwab Charles Investment Management Inc. owned approximately 0.10% of United States Cellular Corporation worth $3,332,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of the business. Sei Investments Co. increased its holdings in shares of United States Cellular Corporation by 22.6% in the second quarter. Sei Investments Co. now owns 3,552 shares of the Wireless communications provider’s stock worth $136,000 after purchasing an additional 655 shares during the last quarter. Parkwood LLC bought a new stake in shares of United States Cellular Corporation in the second quarter worth about $259,000. Aperio Group LLC increased its holdings in shares of United States Cellular Corporation by 87.3% in the second quarter. Aperio Group LLC now owns 38,052 shares of the Wireless communications provider’s stock worth $1,458,000 after purchasing an additional 17,740 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in shares of United States Cellular Corporation by 50.6% in the first quarter. Goldman Sachs Group Inc. now owns 26,329 shares of the Wireless communications provider’s stock worth $983,000 after purchasing an additional 8,841 shares during the last quarter. Finally, Credit Suisse AG increased its holdings in shares of United States Cellular Corporation by 46.7% in the first quarter. Credit Suisse AG now owns 55,033 shares of the Wireless communications provider’s stock worth $2,054,000 after purchasing an additional 17,517 shares during the last quarter. 14.83% of the stock is currently owned by institutional investors and hedge funds.

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In related news, EVP Steven T. Campbell sold 18,292 shares of the firm’s stock in a transaction dated Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total value of $730,765.40. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

USM has been the topic of several research reports. BidaskClub raised United States Cellular Corporation from a “sell” rating to a “hold” rating in a report on Saturday, August 5th. Zacks Investment Research raised United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Thursday, October 5th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $37.33.

Shares of United States Cellular Corporation (USM) opened at 36.72 on Thursday. United States Cellular Corporation has a one year low of $33.30 and a one year high of $46.01. The stock has a 50 day moving average price of $36.32 and a 200 day moving average price of $38.04. The company has a market capitalization of $3.13 billion, a PE ratio of 64.20 and a beta of 0.81.

United States Cellular Corporation (NYSE:USM) last issued its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.17 by ($0.03). The company had revenue of $963.00 million during the quarter, compared to analysts’ expectations of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The company’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the business posted $0.32 earnings per share. On average, equities research analysts predict that United States Cellular Corporation will post $0.31 earnings per share for the current year.

United States Cellular Corporation Company Profile

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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Institutional Ownership by Quarter for United States Cellular Corporation (NYSE:USM)

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