First Trust Advisors LP lessened its holdings in United States Cellular Corp (NYSE:USM) by 24.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 48,005 shares of the Wireless communications provider’s stock after selling 15,795 shares during the period. First Trust Advisors LP owned 0.06% of United States Cellular worth $2,495,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Vanguard Group Inc lifted its holdings in shares of United States Cellular by 3.0% in the third quarter. Vanguard Group Inc now owns 1,654,627 shares of the Wireless communications provider’s stock valued at $74,094,000 after purchasing an additional 48,636 shares in the last quarter. United Services Automobile Association purchased a new stake in shares of United States Cellular in the third quarter valued at about $215,000. American Century Companies Inc. purchased a new stake in shares of United States Cellular in the third quarter valued at about $3,983,000. Brown Advisory Inc. purchased a new stake in shares of United States Cellular in the third quarter valued at about $460,000. Finally, BlackRock Inc. lifted its holdings in shares of United States Cellular by 8.5% in the third quarter. BlackRock Inc. now owns 1,144,184 shares of the Wireless communications provider’s stock valued at $51,237,000 after purchasing an additional 89,651 shares in the last quarter. 16.53% of the stock is currently owned by institutional investors.
In related news, insider Kenneth R. Meyers sold 35,000 shares of the company’s stock in a transaction that occurred on Monday, February 25th. The shares were sold at an average price of $47.76, for a total transaction of $1,671,600.00. Following the transaction, the insider now owns 89,174 shares of the company’s stock, valued at $4,258,950.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company’s stock.
Shares of USM opened at $47.18 on Friday. The company has a current ratio of 2.62, a quick ratio of 2.42 and a debt-to-equity ratio of 0.39. The company has a market cap of $4.08 billion, a P/E ratio of 27.43, a PEG ratio of 34.38 and a beta of 0.68. United States Cellular Corp has a 1 year low of $32.33 and a 1 year high of $59.74.
United States Cellular (NYSE:USM) last announced its quarterly earnings data on Friday, February 22nd. The Wireless communications provider reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.09. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.05 billion. United States Cellular had a net margin of 3.81% and a return on equity of 3.41%. The company’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.05 earnings per share. On average, equities analysts predict that United States Cellular Corp will post 1.38 EPS for the current year.
Several analysts have issued reports on USM shares. Zacks Investment Research downgraded shares of United States Cellular from a “buy” rating to a “hold” rating in a report on Saturday, February 2nd. ValuEngine raised shares of United States Cellular from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, November 21st. Finally, B. Riley set a $50.00 price objective on shares of United States Cellular and gave the company a “hold” rating in a research note on Tuesday, February 26th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. United States Cellular has an average rating of “Buy” and an average target price of $52.80.
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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