United States Cellular Corp (NYSE:USM) Position Increased by Bessemer Group Inc.

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Bessemer Group Inc. boosted its stake in United States Cellular Corp (NYSE:USM) by 15,387.5% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 2,478 shares of the Wireless communications provider’s stock after purchasing an additional 2,462 shares during the quarter. Bessemer Group Inc.’s holdings in United States Cellular were worth $111,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in the stock. O Shaughnessy Asset Management LLC boosted its stake in shares of United States Cellular by 80.3% in the first quarter. O Shaughnessy Asset Management LLC now owns 14,880 shares of the Wireless communications provider’s stock valued at $680,000 after purchasing an additional 6,625 shares during the period. Tyers Asset Management LLC raised its holdings in United States Cellular by 154.8% in the first quarter. Tyers Asset Management LLC now owns 27,412 shares of the Wireless communications provider’s stock valued at $1,259,000 after acquiring an additional 16,654 shares in the last quarter. Twin Tree Management LP acquired a new stake in United States Cellular in the first quarter valued at $53,000. Martingale Asset Management L P raised its holdings in United States Cellular by 70.0% in the first quarter. Martingale Asset Management L P now owns 95,175 shares of the Wireless communications provider’s stock valued at $4,371,000 after acquiring an additional 39,203 shares in the last quarter. Finally, New York State Common Retirement Fund raised its holdings in United States Cellular by 15.4% in the first quarter. New York State Common Retirement Fund now owns 70,574 shares of the Wireless communications provider’s stock valued at $3,240,000 after acquiring an additional 9,441 shares in the last quarter. Hedge funds and other institutional investors own 18.58% of the company’s stock.

Several analysts recently issued reports on the stock. B. Riley cut their price target on shares of United States Cellular from $50.00 to $42.00 and set a “neutral” rating on the stock in a report on Tuesday, August 6th. Morgan Stanley raised shares of United States Cellular from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $44.00 to $64.50 in a report on Tuesday, June 18th. Wells Fargo & Co cut their price target on shares of United States Cellular from $50.00 to $40.00 and set a “market perform” rating on the stock in a report on Tuesday, August 6th. JPMorgan Chase & Co. raised shares of United States Cellular from an “underweight” rating to a “neutral” rating and set a $46.00 price target on the stock in a report on Monday, August 5th. Finally, Raymond James dropped their target price on shares of United States Cellular from $56.00 to $53.00 and set an “outperform” rating on the stock in a report on Monday, May 6th. Five research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $51.58.

Shares of NYSE:USM opened at $34.08 on Friday. The stock has a market capitalization of $3.05 billion, a price-to-earnings ratio of 19.81, a price-to-earnings-growth ratio of 23.91 and a beta of 0.72. United States Cellular Corp has a 1-year low of $33.54 and a 1-year high of $59.74. The company’s fifty day moving average is $43.98 and its two-hundred day moving average is $47.09. The company has a debt-to-equity ratio of 0.59, a quick ratio of 2.13 and a current ratio of 2.32.

United States Cellular (NYSE:USM) last issued its earnings results on Thursday, August 1st. The Wireless communications provider reported $0.35 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.41 by ($0.06). The business had revenue of $973.00 million for the quarter, compared to analyst estimates of $1.01 billion. United States Cellular had a return on equity of 3.46% and a net margin of 3.56%. The firm’s revenue for the quarter was down .1% on a year-over-year basis. During the same period last year, the company posted $0.56 earnings per share. Sell-side analysts expect that United States Cellular Corp will post 1.47 EPS for the current fiscal year.

In other news, CEO Kenneth R. Meyers sold 17,919 shares of the company’s stock in a transaction dated Tuesday, August 13th. The shares were sold at an average price of $35.27, for a total transaction of $632,003.13. Following the completion of the transaction, the chief executive officer now owns 67,852 shares in the company, valued at $2,393,140.04. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Kenneth R. Meyers sold 30,000 shares of the company’s stock in a transaction dated Tuesday, June 4th. The stock was sold at an average price of $44.05, for a total transaction of $1,321,500.00. Following the transaction, the insider now owns 100,632 shares of the company’s stock, valued at approximately $4,432,839.60. The disclosure for this sale can be found here. Insiders have sold 106,462 shares of company stock valued at $4,749,540 in the last 90 days. Insiders own 0.62% of the company’s stock.

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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