United States Cellular Corp (NYSE:USM) Insider Sells $1,321,500.00 in Stock

United States Cellular Corp (NYSE:USM) insider Kenneth R. Meyers sold 30,000 shares of the stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $44.05, for a total value of $1,321,500.00. Following the sale, the insider now owns 100,632 shares of the company’s stock, valued at $4,432,839.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

United States Cellular stock traded down $0.35 during mid-day trading on Friday, reaching $44.67. The company’s stock had a trading volume of 296,884 shares, compared to its average volume of 228,189. United States Cellular Corp has a 12-month low of $32.33 and a 12-month high of $59.74. The company has a quick ratio of 2.10, a current ratio of 2.29 and a debt-to-equity ratio of 0.59. The firm has a market cap of $3.76 billion, a P/E ratio of 25.97, a P/E/G ratio of 32.12 and a beta of 0.73. The stock has a fifty day moving average of $45.97.

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

A number of institutional investors have recently bought and sold shares of USM. Norges Bank bought a new stake in United States Cellular in the fourth quarter worth $15,669,000. Acadian Asset Management LLC increased its position in shares of United States Cellular by 37.4% in the fourth quarter. Acadian Asset Management LLC now owns 745,055 shares of the Wireless communications provider’s stock valued at $38,720,000 after acquiring an additional 202,752 shares during the period. Robeco Institutional Asset Management B.V. increased its position in shares of United States Cellular by 280.0% in the first quarter. Robeco Institutional Asset Management B.V. now owns 228,867 shares of the Wireless communications provider’s stock valued at $10,507,000 after acquiring an additional 168,639 shares during the period. Mackay Shields LLC increased its position in shares of United States Cellular by 220.6% in the fourth quarter. Mackay Shields LLC now owns 175,107 shares of the Wireless communications provider’s stock valued at $9,100,000 after acquiring an additional 120,493 shares during the period. Finally, PNC Financial Services Group Inc. increased its position in shares of United States Cellular by 230,505.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 87,630 shares of the Wireless communications provider’s stock valued at $4,554,000 after acquiring an additional 87,592 shares during the period. 16.91% of the stock is owned by institutional investors and hedge funds.

Several brokerages recently weighed in on USM. ValuEngine cut shares of United States Cellular from a “buy” rating to a “hold” rating in a research report on Thursday. Zacks Investment Research raised shares of United States Cellular from a “strong sell” rating to a “hold” rating in a research report on Friday, April 26th. Raymond James dropped their target price on shares of United States Cellular from $56.00 to $53.00 and set an “outperform” rating on the stock in a research report on Monday, May 6th. Finally, Morgan Stanley raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and lifted their target price for the stock from $44.00 to $64.50 in a research report on Tuesday, June 18th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company’s stock. United States Cellular presently has a consensus rating of “Hold” and a consensus price target of $54.25.

United States Cellular Company 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.

Further Reading: QQQ ETF

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

Receive News & Ratings for United States Cellular Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United States Cellular and related companies with MarketBeat.com's FREE daily email newsletter.