State of Wyoming Buys 680 Shares of United States Cellular Co. (NYSE:USM)

State of Wyoming lifted its stake in United States Cellular Co. (NYSE:USM) by 17.6% in the fourth quarter, Holdings Channel.com reports. The firm owned 4,551 shares of the Wireless communications provider’s stock after buying an additional 680 shares during the period. State of Wyoming’s holdings in United States Cellular were worth $285,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of USM. R Squared Ltd purchased a new position in United States Cellular during the fourth quarter worth $38,000. Lazard Asset Management LLC lifted its holdings in shares of United States Cellular by 1,837.5% in the 4th quarter. Lazard Asset Management LLC now owns 930 shares of the Wireless communications provider’s stock worth $58,000 after acquiring an additional 882 shares during the last quarter. Amundi lifted its holdings in shares of United States Cellular by 17.6% in the 4th quarter. Amundi now owns 1,628 shares of the Wireless communications provider’s stock worth $99,000 after acquiring an additional 244 shares during the last quarter. BNP Paribas Financial Markets boosted its stake in shares of United States Cellular by 37.6% during the 4th quarter. BNP Paribas Financial Markets now owns 1,657 shares of the Wireless communications provider’s stock worth $104,000 after purchasing an additional 453 shares during the period. Finally, Venturi Wealth Management LLC grew its holdings in United States Cellular by 1,917.3% during the 4th quarter. Venturi Wealth Management LLC now owns 2,219 shares of the Wireless communications provider’s stock valued at $139,000 after purchasing an additional 2,109 shares during the last quarter. Institutional investors own 18.03% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of United States Cellular from $86.00 to $88.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th. Wall Street Zen raised United States Cellular from a “sell” rating to a “hold” rating in a research note on Friday, February 21st. Finally, Raymond James restated an “outperform” rating and set a $78.00 price objective (down previously from $83.00) on shares of United States Cellular in a report on Monday, May 5th.

United States Cellular Trading Up 0.6%

Shares of USM opened at $60.92 on Friday. The firm has a market capitalization of $5.18 billion, a price-to-earnings ratio of -169.23 and a beta of 0.39. 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 Co. has a 1-year low of $41.25 and a 1-year high of $70.79. The company has a 50-day moving average of $65.48 and a 200 day moving average of $64.21.

United States Cellular (NYSE:USM) last issued its earnings results on Friday, May 2nd. The Wireless communications provider reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.37 by ($0.16). United States Cellular had a positive return on equity of 1.55% and a negative net margin of 0.79%. The company had revenue of $891.00 million for the quarter, compared to analysts’ expectations of $924.90 million. On average, research analysts expect that United States Cellular Co. will post 0.57 EPS for the current 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.