Barclays PLC Has $1.35 Million Holdings in United States Cellular Co. (NYSE:USM)

Barclays PLC lifted its stake in shares of United States Cellular Co. (NYSE:USM) by 10.8% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 24,636 shares of the Wireless communications provider’s stock after buying an additional 2,405 shares during the quarter. Barclays PLC’s holdings in United States Cellular were worth $1,345,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Point72 Asset Management L.P. bought a new position in United States Cellular during the second quarter worth $22,394,000. Dimensional Fund Advisors LP raised its holdings in shares of United States Cellular by 3.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,299,323 shares of the Wireless communications provider’s stock valued at $128,349,000 after purchasing an additional 72,843 shares during the period. Algert Global LLC boosted its position in shares of United States Cellular by 220.8% during the 2nd quarter. Algert Global LLC now owns 76,726 shares of the Wireless communications provider’s stock worth $4,283,000 after purchasing an additional 52,806 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake in shares of United States Cellular by 28.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 143,021 shares of the Wireless communications provider’s stock valued at $7,816,000 after buying an additional 31,934 shares during the period. Finally, American Century Companies Inc. increased its position in United States Cellular by 8.7% in the 2nd quarter. American Century Companies Inc. now owns 327,931 shares of the Wireless communications provider’s stock valued at $18,305,000 after buying an additional 26,369 shares in the last quarter. Institutional investors own 18.03% of the company’s stock.

Wall Street Analysts Forecast Growth

USM has been the topic of several recent research reports. Wells Fargo & Company increased their price target on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Finally, Raymond James upgraded shares of United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a report on Thursday, November 7th.

United States Cellular Trading Up 0.3 %

NYSE USM opened at $63.71 on Friday. 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 business has a fifty day simple moving average of $62.35 and a 200 day simple moving average of $57.49. United States Cellular Co. has a 12 month low of $32.01 and a 12 month high of $68.31. The firm has a market capitalization of $5.48 billion, a P/E ratio of -176.97 and a beta of 0.48.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.26 earnings per share for the quarter, beating analysts’ consensus estimates of $0.13 by $0.13. The company had revenue of $922.00 million for the quarter, compared to analyst estimates of $940.40 million. United States Cellular had a negative net margin of 0.79% and a positive return on equity of 1.55%. The firm’s revenue was down 4.3% on a year-over-year basis. During the same period last year, the firm earned $0.26 earnings per share. On average, analysts predict that United States Cellular Co. will post 0.57 EPS 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.