Janney Montgomery Scott LLC Invests $302,000 in United States Cellular Corp (USM) Stock

Janney Montgomery Scott LLC acquired a new position in United States Cellular Corp (NYSE:USM) in the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 6,738 shares of the Wireless communications provider’s stock, valued at approximately $302,000.

A number of other institutional investors have also made changes to their positions in USM. Acadian Asset Management LLC lifted its stake in United States Cellular by 36.1% in the 3rd quarter. Acadian Asset Management LLC now owns 542,303 shares of the Wireless communications provider’s stock worth $24,286,000 after acquiring an additional 143,879 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in United States Cellular by 9.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,443,736 shares of the Wireless communications provider’s stock worth $53,476,000 after acquiring an additional 123,280 shares in the last quarter. American Century Companies Inc. purchased a new stake in United States Cellular in the 3rd quarter worth about $3,983,000. Renaissance Technologies LLC lifted its stake in United States Cellular by 8.6% in the 2nd quarter. Renaissance Technologies LLC now owns 828,000 shares of the Wireless communications provider’s stock worth $30,669,000 after acquiring an additional 65,400 shares in the last quarter. Finally, Northern Trust Corp lifted its stake in United States Cellular by 44.3% in the 2nd quarter. Northern Trust Corp now owns 139,027 shares of the Wireless communications provider’s stock worth $5,150,000 after acquiring an additional 42,682 shares in the last quarter. 16.12% of the stock is owned by hedge funds and other institutional investors.

USM opened at $55.35 on Tuesday. United States Cellular Corp has a fifty-two week low of $32.06 and a fifty-two week high of $58.44. The company has a debt-to-equity ratio of 0.40, a current ratio of 2.71 and a quick ratio of 2.53. The stock has a market cap of $4.80 billion, a PE ratio of 95.43, a PEG ratio of 34.41 and a beta of 0.41.

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

In other news, CFO Steven T. Campbell sold 21,329 shares of the firm’s stock in a transaction dated Tuesday, November 6th. The stock was sold at an average price of $51.85, for a total transaction of $1,105,908.65. Following the completion of the sale, the chief financial officer now directly owns 89,545 shares of the company’s stock, valued at approximately $4,642,908.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Kenneth R. Meyers sold 35,000 shares of the firm’s stock in a transaction dated Wednesday, November 28th. The stock was sold at an average price of $57.11, for a total value of $1,998,850.00. Following the sale, the insider now directly owns 126,947 shares of the company’s stock, valued at $7,249,943.17. The disclosure for this sale can be found here. Insiders have sold a total of 94,605 shares of company stock valued at $5,204,856 over the last ninety days. Company insiders own 1.90% of the company’s stock.

Several equities research analysts recently issued reports 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. Raymond James raised their price target on United States Cellular from $43.00 to $56.00 and gave the stock a “buy” rating in a research note on Tuesday, November 6th. ValuEngine raised 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. Finally, Citigroup raised their price target on United States Cellular from $49.00 to $51.00 and gave the stock a “buy” rating in a research note on Wednesday, August 8th. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $51.00.

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United States Cellular Profile

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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Institutional Ownership by Quarter for United States Cellular (NYSE:USM)

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