United States Cellular Corp (NYSE:USM) Director J Samuel Crowley sold 2,115 shares of the firm’s stock in a transaction dated Wednesday, March 20th. The shares were sold at an average price of $47.39, for a total value of $100,229.85. Following the transaction, the director now directly owns 4,648 shares in the company, valued at $220,268.72. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
Shares of NYSE:USM traded up $0.39 on Thursday, reaching $47.43. 4,699 shares of the company traded hands, compared to its average volume of 266,460. United States Cellular Corp has a 52 week low of $32.33 and a 52 week high of $59.74. The stock has a market capitalization of $4.09 billion, a P/E ratio of 27.58, a price-to-earnings-growth ratio of 31.74 and a beta of 0.68. The company has a current ratio of 2.62, a quick ratio of 2.42 and a debt-to-equity ratio of 0.39.
United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, February 22nd. The Wireless communications provider reported $0.23 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.14 by $0.09. United States Cellular had a return on equity of 3.41% and a net margin of 3.81%. The firm had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.05 billion. During the same period last year, the firm earned $0.05 earnings per share. The company’s revenue for the quarter was up 2.1% compared to the same quarter last year. As a group, research analysts predict that United States Cellular Corp will post 1.49 EPS for the current year.
USM has been the topic of a number of recent research reports. Zacks Investment Research cut United States Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. B. Riley set a $50.00 price objective on United States Cellular and gave the company a “hold” rating in a research note on Tuesday, February 26th. Finally, ValuEngine raised United States Cellular from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. United States Cellular currently has an average rating of “Buy” and an average price target of $52.80.
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Advisor Group Inc. grew its stake in shares of United States Cellular by 325.2% in the fourth quarter. Advisor Group Inc. now owns 523 shares of the Wireless communications provider’s stock worth $27,000 after purchasing an additional 400 shares during the last quarter. Bank of Montreal Can boosted its position in United States Cellular by 46.9% during the 4th quarter. Bank of Montreal Can now owns 796 shares of the Wireless communications provider’s stock valued at $41,000 after acquiring an additional 254 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in United States Cellular by 40.9% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 1,258 shares of the Wireless communications provider’s stock valued at $65,000 after acquiring an additional 365 shares in the last quarter. Quantamental Technologies LLC bought a new stake in United States Cellular during the 4th quarter valued at approximately $94,000. Finally, Meeder Asset Management Inc. boosted its position in United States Cellular by 349.9% during the 4th quarter. Meeder Asset Management Inc. now owns 3,217 shares of the Wireless communications provider’s stock valued at $167,000 after acquiring an additional 2,502 shares in the last quarter. 16.44% of the stock is currently owned by institutional investors.
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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