Johnson Investment Counsel Inc. Buys Shares of 4,200 United States Cellular Co. (NYSE:USM)

Johnson Investment Counsel Inc. bought a new stake in shares of United States Cellular Co. (NYSE:USM) in the 2nd quarter, HoldingsChannel reports. The fund bought 4,200 shares of the Wireless communications provider’s stock, valued at approximately $234,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Summit Securities Group LLC bought a new stake in United States Cellular during the second quarter valued at $28,000. Quest Partners LLC bought a new stake in United States Cellular in the 4th quarter valued at about $43,000. SG Americas Securities LLC acquired a new position in United States Cellular during the 2nd quarter valued at about $115,000. Clear Street Markets LLC bought a new position in United States Cellular in the 4th quarter worth about $105,000. Finally, Bailard Inc. acquired a new stake in shares of United States Cellular in the second quarter valued at approximately $207,000. Institutional investors own 18.03% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on USM. JPMorgan Chase & Co. increased their price objective on United States Cellular from $51.00 to $69.00 and gave the stock an “overweight” rating in a report on Wednesday, May 29th. Wells Fargo & Company raised United States Cellular from an “equal weight” rating to an “overweight” rating and increased their price target for the stock from $38.00 to $75.00 in a research note on Thursday, May 30th.

Insider Activity

In related news, EVP Kevin R. Lowell sold 37,597 shares of United States Cellular stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $49.34, for a total transaction of $1,855,035.98. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.00% of the company’s stock.

United States Cellular Trading Up 1.4 %

Shares of NYSE:USM opened at $56.97 on Monday. The company has a 50 day moving average of $54.40 and a 200-day moving average of $46.74. The company has a current ratio of 1.55, a quick ratio of 1.39 and a debt-to-equity ratio of 0.62. The firm has a market cap of $4.84 billion, a P/E ratio of 85.03 and a beta of 0.48. United States Cellular Co. has a twelve month low of $32.01 and a twelve month high of $60.14.

United States Cellular (NYSE:USM) last announced its earnings results on Friday, August 2nd. The Wireless communications provider reported $0.20 EPS for the quarter, topping the consensus estimate of $0.14 by $0.06. The firm had revenue of $927.00 million for the quarter, compared to analysts’ expectations of $924.96 million. United States Cellular had a return on equity of 1.55% and a net margin of 1.88%. The firm’s quarterly revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.05 earnings per share. As a group, analysts anticipate that United States Cellular Co. will post 0.61 earnings per share for the current fiscal 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.