Insider Selling: United States Cellular Corp (USM) EVP Sells 9,355 Shares of Stock

United States Cellular Corp (NYSE:USM) EVP Steven T. Campbell sold 9,355 shares of the stock in a transaction on Friday, November 30th. The stock was sold at an average price of $57.36, for a total value of $536,602.80. Following the transaction, the executive vice president now owns 72,220 shares of the company’s stock, valued at approximately $4,142,539.20. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website.

USM traded down $0.33 during trading on Monday, reaching $55.53. 5,354 shares of the company were exchanged, compared to its average volume of 226,373. The stock has a market capitalization of $4.80 billion, a price-to-earnings ratio of 95.98, a price-to-earnings-growth ratio of 34.41 and a beta of 0.41. The company has a debt-to-equity ratio of 0.40, a quick ratio of 2.53 and a current ratio of 2.71. United States Cellular Corp has a 12-month low of $32.06 and a 12-month high of $58.44.

United States Cellular (NYSE:USM) last issued its quarterly earnings data on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.17. The business had revenue of $1 billion for the quarter, compared to analysts’ expectations of $993.91 million. United States Cellular had a return on equity of 3.05% and a net margin of 10.21%. The firm’s quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.11 EPS. On average, research analysts forecast that United States Cellular Corp will post 1.62 earnings per share for the current fiscal year.

Several research analysts have recently weighed in on USM shares. Zacks Investment Research downgraded United States Cellular from a “strong-buy” rating to a “hold” rating in a research note on Monday, October 8th. ValuEngine upgraded United States Cellular from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. B. Riley set a $53.00 price target on United States Cellular and gave the stock a “hold” rating in a research note on Tuesday, November 6th. Raymond James increased their price objective on United States Cellular from $43.00 to $56.00 and gave the stock a “buy” rating in a report on Tuesday, November 6th. Finally, Citigroup increased their price objective on United States Cellular from $49.00 to $51.00 and gave the stock a “buy” rating in a report on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and two have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $51.00.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Vanguard Group Inc. lifted its holdings in United States Cellular by 3.0% during the 3rd quarter. Vanguard Group Inc. now owns 1,654,627 shares of the Wireless communications provider’s stock worth $74,094,000 after purchasing an additional 48,636 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in United States Cellular by 9.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,575,570 shares of the Wireless communications provider’s stock worth $70,552,000 after purchasing an additional 131,834 shares in the last quarter. Gabelli Funds LLC lifted its holdings in United States Cellular by 1.5% during the 2nd quarter. Gabelli Funds LLC now owns 1,226,878 shares of the Wireless communications provider’s stock worth $45,444,000 after purchasing an additional 18,132 shares in the last quarter. BlackRock Inc. lifted its holdings in United States Cellular by 8.5% during the 3rd quarter. BlackRock Inc. now owns 1,144,184 shares of the Wireless communications provider’s stock worth $51,237,000 after purchasing an additional 89,651 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in United States Cellular by 11.0% during the 3rd quarter. Renaissance Technologies LLC now owns 918,800 shares of the Wireless communications provider’s stock worth $41,144,000 after purchasing an additional 90,800 shares in the last quarter. 16.12% of the stock is currently owned by institutional investors and hedge funds.

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About United States Cellular

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers postpaid and prepaid service plans with voice, messaging, and data usage option services; and smartphone messaging, data, and Internet services, which allow the customer to access the Web and social network sites, e-mail, text, picture, and video messaging, as well as to utilize GPS navigation, and browse and download various applications.

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Insider Buying and Selling by Quarter for United States Cellular (NYSE:USM)

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