BlackRock Inc. Has $49.57 Million Position in United States Cellular Corp (USM)

BlackRock Inc. cut its stake in shares of United States Cellular Corp (NYSE:USM) by 14.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,317,283 shares of the Wireless communications provider’s stock after selling 223,649 shares during the period. BlackRock Inc. owned approximately 1.55% of United States Cellular worth $49,571,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in USM. SG Americas Securities LLC acquired a new stake in shares of United States Cellular during the fourth quarter worth $246,000. Wells Fargo & Company MN lifted its holdings in United States Cellular by 145.2% during the third quarter. Wells Fargo & Company MN now owns 8,423 shares of the Wireless communications provider’s stock worth $298,000 after acquiring an additional 4,988 shares in the last quarter. GSA Capital Partners LLP bought a new position in United States Cellular during the third quarter worth about $485,000. Nisa Investment Advisors LLC lifted its holdings in United States Cellular by 34.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 14,200 shares of the Wireless communications provider’s stock worth $534,000 after acquiring an additional 3,600 shares in the last quarter. Finally, Nationwide Fund Advisors lifted its holdings in United States Cellular by 58.6% during the third quarter. Nationwide Fund Advisors now owns 23,746 shares of the Wireless communications provider’s stock worth $841,000 after acquiring an additional 8,775 shares in the last quarter. 14.77% of the stock is owned by institutional investors and hedge funds.

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Several research analysts have weighed in on USM shares. Zacks Investment Research upgraded United States Cellular from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Tuesday, February 27th. ValuEngine lowered United States Cellular from a “hold” rating to a “sell” rating in a report on Friday, February 2nd.

In other news, Director J Samuel Crowley sold 1,926 shares of the business’s stock in a transaction dated Monday, March 26th. The stock was sold at an average price of $39.88, for a total value of $76,808.88. Following the sale, the director now directly owns 4,640 shares in the company, valued at $185,043.20. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Deirdre Drake sold 1,312 shares of the business’s stock in a transaction dated Wednesday, March 28th. The shares were sold at an average price of $40.50, for a total value of $53,136.00. Following the completion of the sale, the senior vice president now owns 21,384 shares in the company, valued at $866,052. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 6,962 shares of company stock worth $279,284. Corporate insiders own 1.60% of the company’s stock.

USM stock opened at $39.89 on Friday. The company has a debt-to-equity ratio of 0.44, a quick ratio of 1.83 and a current ratio of 2.02. The stock has a market cap of $3,503.09, a price-to-earnings ratio of 68.78, a price-to-earnings-growth ratio of 56.79 and a beta of 0.49. United States Cellular Corp has a 1-year low of $32.06 and a 1-year high of $41.41.

United States Cellular (NYSE:USM) last posted its earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.08) by $0.13. The firm had revenue of $1.03 billion for the quarter, compared to analyst estimates of $1 billion. United States Cellular had a return on equity of 1.22% and a net margin of 0.31%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the previous year, the company posted ($0.07) earnings per share. analysts predict that United States Cellular Corp will post 0.7 earnings per share for the current year.

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United States Cellular Profile

United States Cellular Corporation (U.S. Cellular) is a provider of wireless telecommunication services. The Company’s wireless operating markets are in the United States. U.S. Cellular provides service to postpaid and prepaid customers from a range of demographic segments. The Company focuses on retail consumers, government and small-to-mid-size business customers in industries, such as construction, retail, professional services and real estate.

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

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