United States Cellular Corp (NYSE:USM) CEO Kenneth R. Meyers sold 16,045 shares of the business’s stock in a transaction that occurred on Monday, July 8th. The shares were sold at an average price of $47.26, for a total value of $758,286.70. Following the transaction, the chief executive officer now owns 99,726 shares of the company’s stock, valued at approximately $4,713,050.76. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website.

Shares of USM stock opened at $46.47 on Friday. The company has a quick ratio of 2.10, a current ratio of 2.29 and a debt-to-equity ratio of 0.59. United States Cellular Corp has a 1 year low of $32.33 and a 1 year high of $59.74. The stock’s fifty day simple moving average is $45.88. The firm has a market cap of $4.01 billion, a price-to-earnings ratio of 27.02, a PEG ratio of 34.22 and a beta of 0.72.

United States Cellular (NYSE:USM) last announced its quarterly earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.16. United States Cellular had a return on equity of 3.76% and a net margin of 4.01%. The company had revenue of $966.00 million during the quarter, compared to analyst estimates of $980.16 million. During the same quarter in the previous year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. As a group, analysts predict that United States Cellular Corp will post 1.36 EPS for the current year.

A number of hedge funds have recently made changes to their positions in the business. Acadian Asset Management LLC boosted its position in United States Cellular by 11.4% during the 1st quarter. Acadian Asset Management LLC now owns 829,713 shares of the Wireless communications provider’s stock worth $38,094,000 after acquiring an additional 84,658 shares during the period. AJO LP boosted its position in United States Cellular by 20.2% during the 1st quarter. AJO LP now owns 504,217 shares of the Wireless communications provider’s stock worth $23,149,000 after acquiring an additional 84,900 shares during the period. Norges Bank acquired a new position in United States Cellular during the 4th quarter worth $15,669,000. D. E. Shaw & Co. Inc. boosted its position in United States Cellular by 21.1% during the 4th quarter. D. E. Shaw & Co. Inc. now owns 267,014 shares of the Wireless communications provider’s stock worth $13,877,000 after acquiring an additional 46,446 shares during the period. Finally, Robeco Institutional Asset Management B.V. boosted its position in United States Cellular by 280.0% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 228,867 shares of the Wireless communications provider’s stock worth $10,507,000 after acquiring an additional 168,639 shares during the period. Institutional investors own 16.91% of the company’s stock.

A number of research firms recently issued reports on USM. ValuEngine upgraded Vistra Energy from a “hold” rating to a “buy” rating in a research report on Wednesday, July 3rd. Morgan Stanley boosted their price objective on Kimberly Clark from $132.00 to $145.00 and gave the company an “equal weight” rating in a research report on Tuesday, June 18th. Zacks Investment Research lowered Heritage Insurance from a “hold” rating to a “strong sell” rating in a research report on Friday, April 26th. Finally, Raymond James restated an “average” rating on shares of PPL in a research report on Monday, May 6th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $56.50.

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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