United States Cellular Co. (NYSE:USM) EVP Sells $1,855,035.98 in Stock

United States Cellular Co. (NYSE:USM) EVP Kevin R. Lowell sold 37,597 shares of the company’s stock in a transaction dated Monday, August 5th. The shares were sold at an average price of $49.34, for a total transaction of $1,855,035.98. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

United States Cellular Stock Down 2.4 %

Shares of NYSE:USM opened at $51.80 on Friday. The company has a market capitalization of $4.40 billion, a PE ratio of 77.31 and a beta of 0.53. The company has a current ratio of 1.55, a quick ratio of 1.46 and a debt-to-equity ratio of 0.62. United States Cellular Co. has a twelve month low of $32.01 and a twelve month high of $60.14. The firm has a 50 day simple moving average of $54.62 and a 200-day simple moving average of $44.24.

United States Cellular (NYSE:USM) last posted its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.06. United States Cellular had a net margin of 1.88% and a return on equity of 1.55%. The business had revenue of $927.00 million during the quarter, compared to the consensus estimate of $924.96 million. During the same quarter in the prior year, the company posted $0.05 earnings per share. The company’s quarterly revenue was down 3.1% compared to the same quarter last year. On average, equities analysts predict that United States Cellular Co. will post 0.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on USM. JPMorgan Chase & Co. boosted their price objective on shares of United States Cellular from $51.00 to $69.00 and gave the company an “overweight” rating in a research report on Wednesday, May 29th. Wells Fargo & Company upgraded United States Cellular from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $38.00 to $75.00 in a report on Thursday, May 30th.

Institutional Trading of United States Cellular

A number of hedge funds have recently made changes to their positions in the company. Jericho Capital Asset Management L.P. boosted its holdings in shares of United States Cellular by 13.1% during the 1st quarter. Jericho Capital Asset Management L.P. now owns 1,592,792 shares of the Wireless communications provider’s stock valued at $58,137,000 after acquiring an additional 184,000 shares during the last quarter. TCW Group Inc. lifted its position in shares of United States Cellular by 200.8% during the second quarter. TCW Group Inc. now owns 212,294 shares of the Wireless communications provider’s stock worth $11,850,000 after purchasing an additional 141,713 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in United States Cellular by 5.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,166,357 shares of the Wireless communications provider’s stock worth $89,991,000 after acquiring an additional 104,911 shares during the period. Edmond DE Rothschild Holding S.A. lifted its position in shares of United States Cellular by 22.0% during the first quarter. Edmond DE Rothschild Holding S.A. now owns 360,000 shares of the Wireless communications provider’s stock valued at $13,140,000 after buying an additional 65,000 shares during the last quarter. Finally, Gamco Investors INC. ET AL boosted its stake in shares of United States Cellular by 3.3% in the 1st quarter. Gamco Investors INC. ET AL now owns 1,480,017 shares of the Wireless communications provider’s stock valued at $54,021,000 after buying an additional 47,267 shares during the period. 18.03% of the stock is owned by institutional investors and hedge funds.

United States Cellular Company Profile

United States Cellular Corporation provides wireless telecommunications services in the United States. The company offers wireless services, including voice, messaging, and data services. It also provides wireless devices, such as handsets, tablets, mobile hotspots, home phones, and routers, as well as wireless essentials, including cases, screen protectors, chargers, and memory cards; and consumer electronics comprising audio, home automation, and networking products.