Jay Ellison Sells 5,462 Shares of United States Cellular Corp (USM) Stock

United States Cellular Corp (NYSE:USM) EVP Jay Ellison sold 5,462 shares of the business’s stock in a transaction on Monday, November 5th. The stock was sold at an average price of $52.45, for a total transaction of $286,481.90. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Monday, August 20th, Jay Ellison sold 7,309 shares of United States Cellular stock. The stock was sold at an average price of $44.68, for a total transaction of $326,566.12.

United States Cellular stock opened at $51.87 on Wednesday. United States Cellular Corp has a 52 week low of $32.06 and a 52 week high of $56.89. The company has a debt-to-equity ratio of 0.41, a quick ratio of 2.66 and a current ratio of 2.90. The stock has a market capitalization of $4.79 billion, a P/E ratio of 89.43, a price-to-earnings-growth ratio of 50.45 and a beta of 0.35.

United States Cellular (NYSE:USM) last released its quarterly earnings data on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, topping the consensus estimate of $0.24 by $0.17. United States Cellular had a net margin of 10.21% and a return on equity of 3.09%. The business had revenue of $1 billion for the quarter, compared to analyst estimates of $993.91 million. During the same period in the previous year, the firm earned $0.11 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. Analysts forecast that United States Cellular Corp will post 1.35 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in USM. BNP Paribas Arbitrage SA boosted its position in shares of United States Cellular by 241.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,075 shares of the Wireless communications provider’s stock worth $188,000 after buying an additional 3,588 shares in the last quarter. Capital Fund Management S.A. purchased a new stake in shares of United States Cellular in the 2nd quarter worth about $222,000. People s United Financial Inc. purchased a new stake in shares of United States Cellular in the 2nd quarter worth about $257,000. GSA Capital Partners LLP purchased a new stake in shares of United States Cellular in the 2nd quarter worth about $265,000. Finally, Sei Investments Co. boosted its position in shares of United States Cellular by 980.9% in the 2nd quarter. Sei Investments Co. now owns 7,588 shares of the Wireless communications provider’s stock worth $281,000 after buying an additional 6,886 shares in the last quarter. Institutional investors and hedge funds own 15.53% of the company’s stock.

USM has been the topic of several research analyst reports. Raymond James set a $56.00 target price on shares of United States Cellular and gave the stock a “buy” rating in a research report on Tuesday. ValuEngine upgraded shares of United States Cellular from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Citigroup boosted their target price on shares of United States Cellular from $49.00 to $51.00 and gave the stock a “buy” rating in a research report on Wednesday, August 8th. B. Riley set a $53.00 target price on shares of United States Cellular and gave the stock a “hold” rating in a research report on Tuesday. Finally, Zacks Investment Research lowered shares of United States Cellular from a “strong-buy” rating to a “hold” rating in a research report on Monday, October 8th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $51.00.

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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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