Charles Schwab Investment Management Inc. Buys 31,934 Shares of United States Cellular Co. (NYSE:USM)

Charles Schwab Investment Management Inc. boosted its holdings in shares of United States Cellular Co. (NYSE:USM) by 28.7% during the 3rd quarter, Holdings Channel reports. The firm owned 143,021 shares of the Wireless communications provider’s stock after buying an additional 31,934 shares during the period. Charles Schwab Investment Management Inc.’s holdings in United States Cellular were worth $7,816,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USM. Point72 Asset Management L.P. bought a new stake in United States Cellular during the 2nd quarter valued at approximately $22,394,000. TCW Group Inc. raised its stake in United States Cellular by 200.8% during the 2nd quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider’s stock valued at $11,850,000 after purchasing an additional 141,713 shares during the period. Dimensional Fund Advisors LP raised its stake in United States Cellular by 3.3% during the 2nd 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 grew its holdings in 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 valued at $4,283,000 after buying an additional 52,806 shares in the last quarter. Finally, American Century Companies Inc. grew its holdings in United States Cellular by 8.7% during 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 subject of several research analyst reports. Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price target for the company in a report on Thursday, November 7th. Wells Fargo & Company lifted their target price on United States Cellular from $75.00 to $85.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Finally, StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

United States Cellular Trading Down 0.3 %

Shares of NYSE:USM opened at $60.85 on Wednesday. The business’s 50-day moving average is $60.98 and its 200 day moving average is $56.73. United States Cellular Co. has a 1 year low of $32.01 and a 1 year high of $68.31. The firm has a market capitalization of $5.23 billion, a P/E ratio of -169.03 and a beta of 0.48. The company has a debt-to-equity ratio of 0.63, a current ratio of 1.57 and a quick ratio of 1.39.

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

About United States Cellular

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.