Venturi Wealth Management LLC Grows Position in United States Cellular Co. (NYSE:USM)

Venturi Wealth Management LLC raised its position in United States Cellular Co. (NYSE:USM) by 1,917.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,219 shares of the Wireless communications provider’s stock after purchasing an additional 2,109 shares during the quarter. Venturi Wealth Management LLC’s holdings in United States Cellular were worth $139,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of USM. Charles Schwab Investment Management Inc. raised its holdings 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 worth $7,816,000 after purchasing an additional 31,934 shares during the period. Mariner Investment Group LLC purchased a new position in shares of United States Cellular in the 4th quarter worth about $1,944,000. JPMorgan Chase & Co. grew its stake in shares of United States Cellular by 34.3% in the third quarter. JPMorgan Chase & Co. now owns 52,688 shares of the Wireless communications provider’s stock valued at $2,879,000 after buying an additional 13,467 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of United States Cellular by 262.8% in the fourth quarter. SG Americas Securities LLC now owns 17,275 shares of the Wireless communications provider’s stock valued at $1,083,000 after buying an additional 12,513 shares in the last quarter. Finally, State Street Corp grew its stake in shares of United States Cellular by 13.0% in the third quarter. State Street Corp now owns 106,343 shares of the Wireless communications provider’s stock valued at $5,812,000 after buying an additional 12,219 shares in the last quarter. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

United States Cellular Price Performance

Shares of NYSE USM opened at $65.18 on Friday. United States Cellular Co. has a fifty-two week low of $32.01 and a fifty-two week high of $69.20. The business has a 50 day moving average price of $63.45 and a two-hundred day moving average price of $60.14. The company has a quick ratio of 1.39, a current ratio of 1.57 and a debt-to-equity ratio of 0.63. The firm has a market cap of $5.61 billion, a PE ratio of -181.06 and a beta of 0.47.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.10) by $0.15. United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The firm had revenue of $970.00 million during the quarter, compared to analyst estimates of $964.70 million. During the same quarter last year, the firm earned $0.23 EPS. Sell-side analysts expect that United States Cellular Co. will post 0.57 earnings per share for the current fiscal year.

Analysts Set New Price Targets

USM has been the subject of a number of recent research reports. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 target price for the company in a research note on Thursday, November 7th. Finally, Wells Fargo & Company increased their target price on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.

United States Cellular Company 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.