United States Cellular Corp (USM) EVP Sells $225,772.92 in Stock

United States Cellular Corp (NYSE:USM) EVP Jay Ellison sold 4,099 shares of the company’s stock in a transaction dated Tuesday, November 20th. The stock was sold at an average price of $55.08, for a total value of $225,772.92. Following the completion of the sale, the executive vice president now directly owns 3,950 shares of the company’s stock, valued at approximately $217,566. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Jay Ellison also recently made the following trade(s):

  • On Monday, November 5th, Jay Ellison sold 5,462 shares of United States Cellular stock. The stock was sold at an average price of $52.45, for a total value of $286,481.90.

Shares of USM opened at $56.56 on Friday. The stock has a market capitalization of $4.86 billion, a P/E ratio of 97.52, a price-to-earnings-growth ratio of 34.84 and a beta of 0.35. United States Cellular Corp has a one year low of $32.06 and a one year high of $57.00. The company has a quick ratio of 2.53, a current ratio of 2.71 and a debt-to-equity ratio of 0.40.

United States Cellular (NYSE:USM) last issued its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.17. The firm had revenue of $1 billion during the quarter, compared to the consensus estimate of $993.91 million. United States Cellular had a return on equity of 3.05% and a net margin of 10.21%. United States Cellular’s revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.11 earnings per share. On average, research analysts anticipate that United States Cellular Corp will post 1.62 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Verition Fund Management LLC bought a new position in United States Cellular during the 3rd quarter worth approximately $891,000. Renaissance Technologies LLC lifted its holdings in United States Cellular by 11.0% during the 3rd quarter. Renaissance Technologies LLC now owns 918,800 shares of the Wireless communications provider’s stock worth $41,144,000 after buying an additional 90,800 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in United States Cellular by 92.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 45,046 shares of the Wireless communications provider’s stock worth $2,018,000 after buying an additional 21,613 shares during the last quarter. United Services Automobile Association bought a new position in United States Cellular during the 3rd quarter worth approximately $215,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new position in United States Cellular during the 3rd quarter worth approximately $366,000. 16.01% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have recently weighed in on USM. ValuEngine raised United States Cellular from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. B. Riley reaffirmed a “neutral” rating and issued a $53.00 target price on shares of United States Cellular in a research report on Thursday, November 1st. Zacks Investment Research raised United States Cellular from a “hold” rating to a “strong-buy” rating and set a $52.00 target price for the company in a research report on Friday, October 12th. Citigroup increased their price target on United States Cellular from $49.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, August 8th. Finally, Raymond James increased their price target on United States Cellular from $43.00 to $56.00 and gave the company a “buy” rating in a report on Tuesday, November 6th. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have given a buy rating and two have issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $51.00.

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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.

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