United States Cellular Corp (NYSE:USM) insider Kenneth R. Meyers sold 30,000 shares of the company’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $47.07, for a total transaction of $1,412,100.00. Following the completion of the transaction, the insider now directly owns 99,726 shares of the company’s stock, valued at $4,694,102.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

United States Cellular stock opened at $46.47 on Friday. The business’s 50-day simple moving average is $45.88. United States Cellular Corp has a one year low of $32.33 and a one year high of $59.74. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.10 and a current ratio of 2.29. The firm has a market cap of $4.01 billion, a P/E ratio of 27.02, a price-to-earnings-growth ratio of 34.22 and a beta of 0.72.

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

Institutional investors have recently bought and sold shares of the company. O Shaughnessy Asset Management LLC boosted its stake in shares of United States Cellular by 80.3% during the 1st quarter. O Shaughnessy Asset Management LLC now owns 14,880 shares of the Wireless communications provider’s stock worth $680,000 after buying an additional 6,625 shares during the last quarter. Tyers Asset Management LLC boosted its stake in shares of United States Cellular by 154.8% during the 1st quarter. Tyers Asset Management LLC now owns 27,412 shares of the Wireless communications provider’s stock worth $1,259,000 after buying an additional 16,654 shares during the last quarter. Twin Tree Management LP acquired a new position in shares of United States Cellular during the 1st quarter worth about $53,000. Martingale Asset Management L P boosted its stake in shares of United States Cellular by 70.0% during the 1st quarter. Martingale Asset Management L P now owns 95,175 shares of the Wireless communications provider’s stock worth $4,371,000 after buying an additional 39,203 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its stake in shares of 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 buying an additional 46,446 shares during the last quarter. Institutional investors own 16.91% of the company’s stock.

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