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

Venturi Wealth Management LLC boosted its position in shares of United States Cellular Co. (NYSE:USM) by 1,917.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor 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 reporting period.

A number of other institutional investors also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of United States Cellular in the fourth quarter worth $38,000. Invesco LLC purchased a new stake in shares of United States Cellular in the fourth quarter valued at $219,000. The Manufacturers Life Insurance Company lifted its position in shares of United States Cellular by 6.3% in the third quarter. The Manufacturers Life Insurance Company now owns 4,148 shares of the Wireless communications provider’s stock valued at $227,000 after acquiring an additional 245 shares in the last quarter. Ionic Capital Management LLC purchased a new stake in shares of United States Cellular in the third quarter valued at $246,000. Finally, Quest Partners LLC lifted its position in shares of United States Cellular by 231.1% in the third quarter. Quest Partners LLC now owns 4,675 shares of the Wireless communications provider’s stock valued at $255,000 after acquiring an additional 3,263 shares in the last quarter. 18.03% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on United States Cellular from $75.00 to $85.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. StockNews.com upgraded United States Cellular from a “sell” rating to a “hold” rating in a research report on Friday. Finally, Raymond James upgraded United States Cellular from a “market perform” rating to an “outperform” rating and set a $86.00 price objective on the stock in a research report on Thursday, November 7th.

United States Cellular Stock Performance

NYSE USM opened at $65.18 on Friday. The business’s 50-day moving average price is $63.45 and its 200 day moving average price is $60.14. United States Cellular Co. has a twelve month low of $32.01 and a twelve month high of $69.20. The company has a market capitalization of $5.61 billion, a PE ratio of -181.06 and a beta of 0.47. The company has a current ratio of 1.57, a quick ratio of 1.39 and a debt-to-equity ratio of 0.63.

United States Cellular (NYSE:USM) last released its earnings results on Friday, February 21st. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $964.70 million. During the same period in the prior year, the business posted $0.23 earnings per share. On average, research analysts predict that United States Cellular Co. will post 0.57 earnings per share 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.