Goldman Sachs Group Inc. increased its stake in shares of United States Cellular Corporation (NYSE:USM) by 50.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 26,329 shares of the Wireless communications provider’s stock after buying an additional 8,841 shares during the period. Goldman Sachs Group Inc.’s holdings in United States Cellular Corporation were worth $983,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in USM. State Street Corp boosted its stake in United States Cellular Corporation by 0.6% in the fourth quarter. State Street Corp now owns 204,532 shares of the Wireless communications provider’s stock valued at $8,943,000 after buying an additional 1,179 shares during the period. Norges Bank bought a new stake in United States Cellular Corporation during the fourth quarter valued at about $1,340,000. Teachers Advisors LLC boosted its stake in United States Cellular Corporation by 5.7% in the fourth quarter. Teachers Advisors LLC now owns 12,788 shares of the Wireless communications provider’s stock valued at $559,000 after buying an additional 691 shares during the period. Bank of Montreal Can boosted its stake in United States Cellular Corporation by 98.5% in the first quarter. Bank of Montreal Can now owns 3,710 shares of the Wireless communications provider’s stock valued at $138,000 after buying an additional 1,841 shares during the period. Finally, Quotient Investors LLC bought a new stake in United States Cellular Corporation during the first quarter valued at about $329,000. 14.76% of the stock is owned by institutional investors.

Shares of United States Cellular Corporation (NYSE:USM) remained flat at $38.80 during midday trading on Friday. The company had a trading volume of 109,530 shares. The stock’s 50-day moving average is $38.42 and its 200-day moving average is $39.11. The company has a market capitalization of $3.30 billion, a P/E ratio of 67.83 and a beta of 0.82. United States Cellular Corporation has a one year low of $33.30 and a one year high of $46.01.

United States Cellular Corporation (NYSE:USM) last announced its quarterly earnings data on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by $0.03. The firm had revenue of $963 million during the quarter, compared to analyst estimates of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The business’s quarterly revenue was down 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.32 earnings per share. Equities research analysts forecast that United States Cellular Corporation will post $0.44 EPS for the current year.

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Several equities research analysts have recently weighed in on USM shares. Zacks Investment Research raised shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $44.00 price target for the company in a research report on Tuesday, May 9th. ValuEngine raised shares of United States Cellular Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, May 11th. Finally, BidaskClub cut shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 16th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.00.

In other United States Cellular Corporation news, EVP Steven T. Campbell sold 18,292 shares of the business’s stock in a transaction on 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 legal filing with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

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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