Vanguard Group Inc. raised its stake in United States Cellular Corporation (NYSE:USM) by 6.4% during the first quarter, according to its most recent 13F filing with the SEC. The fund owned 1,746,129 shares of the Wireless communications provider’s stock after buying an additional 104,640 shares during the period. Vanguard Group Inc. owned approximately 2.06% of United States Cellular Corporation worth $65,183,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Marshall Wace North America L.P. acquired a new stake in shares of United States Cellular Corporation during the first quarter valued at about $686,000. MARSHALL WACE ASIA Ltd acquired a new stake in shares of United States Cellular Corporation during the first quarter valued at about $686,000. Oribel Capital Management LP boosted its stake in shares of United States Cellular Corporation by 42.6% in the first quarter. Oribel Capital Management LP now owns 23,100 shares of the Wireless communications provider’s stock valued at $862,000 after buying an additional 6,900 shares in the last quarter. TIAA CREF Investment Management LLC boosted its stake in shares of United States Cellular Corporation by 13.6% in the first quarter. TIAA CREF Investment Management LLC now owns 48,516 shares of the Wireless communications provider’s stock valued at $1,811,000 after buying an additional 5,799 shares in the last quarter. Finally, FMR LLC boosted its stake in shares of United States Cellular Corporation by 9.1% in the first quarter. FMR LLC now owns 647,496 shares of the Wireless communications provider’s stock valued at $24,171,000 after buying an additional 54,000 shares in the last quarter. 14.78% of the stock is currently owned by institutional investors and hedge funds.

Shares of United States Cellular Corporation (USM) traded up 2.87% during mid-day trading on Friday, reaching $39.78. 169,542 shares of the company traded hands. The company has a market capitalization of $3.38 billion, a P/E ratio of 52.20 and a beta of 0.82. United States Cellular Corporation has a 52-week low of $33.30 and a 52-week high of $46.01. The firm’s 50 day moving average price is $38.18 and its 200-day moving average price is $39.29.

United States Cellular Corporation (NYSE:USM) last released its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 EPS for the quarter, missing the consensus estimate of $0.17 by $0.03. The company had revenue of $963 million for the quarter, compared to analyst estimates of $949.43 million. United States Cellular Corporation had a return on equity of 1.45% and a net margin of 1.63%. The business’s revenue was down 2.9% on a year-over-year basis. During the same period last year, the firm posted $0.32 earnings per share. Equities analysts predict that United States Cellular Corporation will post $0.49 earnings per share for the current fiscal year.

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USM has been the topic of several analyst reports. ValuEngine raised shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a report on Thursday, May 11th. Zacks Investment Research cut shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a report on Wednesday, May 10th. Finally, BidaskClub cut shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 16th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $38.00.

In related news, EVP Jay Ellison sold 8,447 shares of the business’s stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $38.85, for a total transaction of $328,165.95. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Deirdre Drake sold 6,755 shares of the business’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $38.72, for a total value of $261,553.60. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

About United States Cellular Corporation

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.

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

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