Macquarie Group Ltd. Sells 400 Shares of United States Cellular Corp (USM)

Macquarie Group Ltd. decreased its stake in United States Cellular Corp (NYSE:USM) by 19.1% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,695 shares of the Wireless communications provider’s stock after selling 400 shares during the period. Macquarie Group Ltd.’s holdings in United States Cellular were worth $88,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc increased its stake 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 worth $74,094,000 after purchasing an additional 48,636 shares in the last quarter. Vanguard Group Inc. grew its stake in United States Cellular by 3.0% during 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 acquiring an additional 48,636 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in United States Cellular by 9.1% during the third quarter. Dimensional Fund Advisors LP now owns 1,575,570 shares of the Wireless communications provider’s stock valued at $70,552,000 after acquiring an additional 131,834 shares in the last quarter. BlackRock Inc. grew its stake in United States Cellular by 8.5% during the third quarter. BlackRock Inc. now owns 1,144,184 shares of the Wireless communications provider’s stock valued at $51,237,000 after acquiring an additional 89,651 shares in the last quarter. Finally, Acadian Asset Management LLC grew its stake in United States Cellular by 37.4% during the fourth quarter. Acadian Asset Management LLC now owns 745,055 shares of the Wireless communications provider’s stock valued at $38,720,000 after acquiring an additional 202,752 shares in the last quarter. 16.65% of the stock is currently owned by institutional investors and hedge funds.

In other news, EVP Steven T. Campbell sold 4,703 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $48.17, for a total value of $226,543.51. Following the completion of the sale, the executive vice president now directly owns 23,935 shares in the company, valued at approximately $1,152,948.95. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Michael Irizarry sold 12,696 shares of the business’s stock in a transaction that occurred on Monday, May 6th. The stock was sold at an average price of $48.02, for a total transaction of $609,661.92. The disclosure for this sale can be found here. In the last three months, insiders sold 62,338 shares of company stock valued at $2,973,280. Corporate insiders own 0.62% of the company’s stock.

USM stock traded down $0.20 during midday trading on Friday, reaching $48.09. The company had a trading volume of 225,700 shares, compared to its average volume of 238,401. The company has a debt-to-equity ratio of 0.39, a current ratio of 2.62 and a quick ratio of 2.42. United States Cellular Corp has a 1 year low of $32.33 and a 1 year high of $59.74. The stock has a market cap of $4.35 billion, a PE ratio of 27.85, a P/E/G ratio of 41.92 and a beta of 0.68.

United States Cellular (NYSE:USM) last released its quarterly earnings results on Thursday, May 2nd. The Wireless communications provider reported $0.62 EPS for the quarter, topping the Zacks’ consensus estimate of $0.46 by $0.16. United States Cellular had a net margin of 4.01% and a return on equity of 3.78%. The business had revenue of $966.00 million during the quarter, compared to analysts’ expectations of $980.16 million. During the same quarter in the previous year, the company earned $0.52 EPS. The business’s quarterly revenue was up 2.5% compared to the same quarter last year. On average, research analysts expect that United States Cellular Corp will post 1.2 EPS for the current fiscal year.

Several equities analysts recently commented on USM shares. Zacks Investment Research cut shares of United States Cellular from a “buy” rating to a “hold” rating in a research note on Saturday, January 12th. 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. Finally, Raymond James reduced their price objective on shares of United States Cellular from $56.00 to $53.00 and set an “outperform” rating for the company in a research note on Monday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $52.20.

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United States Cellular 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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Institutional Ownership by Quarter for United States Cellular (NYSE:USM)

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