Northern Trust Corp increased its stake in shares of United States Cellular Corporation (NYSE:USM) by 0.6% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 97,485 shares of the Wireless communications provider’s stock after buying an additional 564 shares during the quarter. Northern Trust Corp owned about 0.11% of United States Cellular Corporation worth $3,734,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of USM. JPMorgan Chase & Co. grew its stake in United States Cellular Corporation by 43.9% during the 1st quarter. JPMorgan Chase & Co. now owns 23,303 shares of the Wireless communications provider’s stock worth $870,000 after buying an additional 7,104 shares during the last quarter. TIAA CREF Investment Management LLC grew its stake in United States Cellular Corporation by 13.6% during the 1st quarter. TIAA CREF Investment Management LLC now owns 48,516 shares of the Wireless communications provider’s stock worth $1,811,000 after buying an additional 5,799 shares during the last quarter. Vanguard Group Inc. grew its stake in United States Cellular Corporation by 6.4% during the 1st quarter. Vanguard Group Inc. now owns 1,746,129 shares of the Wireless communications provider’s stock worth $65,183,000 after buying an additional 104,640 shares during the last quarter. Geode Capital Management LLC grew its stake in United States Cellular Corporation by 30.4% during the 1st quarter. Geode Capital Management LLC now owns 142,233 shares of the Wireless communications provider’s stock worth $5,309,000 after buying an additional 33,196 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in United States Cellular Corporation by 9.1% during the 1st quarter. Dimensional Fund Advisors LP now owns 933,874 shares of the Wireless communications provider’s stock worth $34,862,000 after buying an additional 78,285 shares during the last quarter. Hedge funds and other institutional investors own 14.67% of the company’s stock.

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United States Cellular Corporation (NYSE USM) opened at $35.90 on Wednesday. The company has a debt-to-equity ratio of 0.48, a quick ratio of 2.08 and a current ratio of 2.23. United States Cellular Corporation has a 12-month low of $32.29 and a 12-month high of $46.01. The stock has a market capitalization of $3,050.00, a price-to-earnings ratio of 91.44 and a beta of 0.71.

United States Cellular Corporation (NYSE:USM) last announced its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.11 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.01 by $0.10. The company had revenue of $963.00 million during the quarter, compared to analyst estimates of $968.80 million. United States Cellular Corporation had a positive return on equity of 0.94% and a negative net margin of 6.93%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.20 EPS. sell-side analysts expect that United States Cellular Corporation will post -3.18 earnings per share for the current fiscal year.

A number of brokerages have issued reports on USM. Zacks Investment Research upgraded United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a research report on Wednesday, August 2nd. BidaskClub upgraded United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, August 5th. One investment analyst has rated the stock with a sell rating and six have given a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $36.67.

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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