Harry J. Harczak, Jr. Sells 5,000 Shares of United States Cellular Corp (USM) Stock

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United States Cellular Corp (NYSE:USM) Director Harry J. Harczak, Jr. sold 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, November 6th. The shares were sold at an average price of $52.05, for a total value of $260,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE USM opened at $53.85 on Friday. The firm has a market cap of $4.44 billion, a PE ratio of 92.84, a PEG ratio of 38.52 and a beta of 0.35. The company has a current ratio of 2.71, a quick ratio of 2.66 and a debt-to-equity ratio of 0.40. United States Cellular Corp has a 1-year low of $32.06 and a 1-year high of $56.89.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.24 by $0.17. The firm had revenue of $1 billion for the quarter, compared to analysts’ expectations of $993.91 million. United States Cellular had a return on equity of 3.05% and a net margin of 10.21%. The company’s revenue was up 3.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.11 EPS. As a group, analysts forecast that United States Cellular Corp will post 1.62 EPS for the current fiscal year.

Several research firms recently issued reports on USM. B. Riley reaffirmed a “neutral” rating and issued a $53.00 price objective on shares of United States Cellular in a research report on Thursday, November 1st. Raymond James upped their price objective on United States Cellular from $43.00 to $56.00 and gave the company a “buy” rating in a research report on Tuesday. Zacks Investment Research raised United States Cellular from a “hold” rating to a “strong-buy” rating and set a $52.00 price objective on the stock in a research report on Friday, October 12th. ValuEngine raised United States Cellular from a “hold” rating to a “buy” rating in a research report on Thursday, September 13th. Finally, Citigroup upped their price objective on United States Cellular from $49.00 to $51.00 and gave the company a “buy” rating in a research report on Wednesday, August 8th. One 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 stock presently has a consensus rating of “Buy” and a consensus price target of $51.00.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in USM. JPMorgan Chase & Co. lifted its holdings in shares of United States Cellular by 770.8% during the 1st quarter. JPMorgan Chase & Co. now owns 52,229 shares of the Wireless communications provider’s stock valued at $2,099,000 after buying an additional 46,231 shares during the period. UBS Group AG lifted its holdings in shares of United States Cellular by 235.0% during the 1st quarter. UBS Group AG now owns 24,403 shares of the Wireless communications provider’s stock valued at $980,000 after buying an additional 17,119 shares during the period. Guggenheim Capital LLC bought a new position in shares of United States Cellular during the 1st quarter valued at $699,000. Crescent Grove Advisors LLC bought a new position in shares of United States Cellular during the 2nd quarter valued at $442,000. Finally, Nisa Investment Advisors LLC bought a new position in shares of United States Cellular during the 2nd quarter valued at $459,000. 15.53% of the stock is currently owned by hedge funds and other institutional investors.

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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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