Prudential PLC Purchases Shares of 60,488 United States Cellular Corporation (USM)

Prudential PLC purchased a new position in shares of United States Cellular Corporation (NYSE:USM) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 60,488 shares of the Wireless communications provider’s stock, valued at approximately $2,318,000. Prudential PLC owned about 0.07% of United States Cellular Corporation as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in USM. Sei Investments Co. boosted its holdings in United States Cellular Corporation by 19.7% during the first quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 476 shares during the last quarter. Citigroup Inc. boosted its holdings in United States Cellular Corporation by 2,940.5% during the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after purchasing an additional 3,264 shares during the last quarter. Legal & General Group Plc boosted its holdings in United States Cellular Corporation by 183.9% during the second quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock worth $241,000 after purchasing an additional 4,068 shares during the last quarter. Parkwood LLC purchased a new position in United States Cellular Corporation during the second quarter worth about $259,000. Finally, Tudor Investment Corp ET AL boosted its holdings in United States Cellular Corporation by 16.9% during the first quarter. Tudor Investment Corp ET AL now owns 9,000 shares of the Wireless communications provider’s stock worth $336,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 14.83% of the company’s stock.

In related news, EVP Steven T. Campbell sold 18,292 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total value of $730,765.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.

WARNING: “Prudential PLC Purchases Shares of 60,488 United States Cellular Corporation (USM)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/prudential-plc-purchases-shares-of-60488-united-states-cellular-corporation-usm.html.

United States Cellular Corporation (NYSE:USM) opened at 36.63 on Tuesday. United States Cellular Corporation has a 1-year low of $33.30 and a 1-year high of $46.01. The firm has a 50-day moving average of $36.70 and a 200-day moving average of $38.05. The stock has a market capitalization of $3.12 billion, a PE ratio of 64.04 and a beta of 0.81.

United States Cellular Corporation (NYSE:USM) last announced its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The company had revenue of $963.00 million for the quarter, compared to analysts’ expectations of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. Equities analysts expect that United States Cellular Corporation will post $0.31 EPS for the current fiscal year.

A number of research analysts have weighed in on USM shares. BidaskClub cut shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a bu

A number of other institutional investors have also recently added to or reduced their stakes in USM. Sei Investments Co. boosted its holdings in United States Cellular Corporation by 19.7% during the first quarter. Sei Investments Co. now owns 2,897 shares of the Wireless communications provider’s stock worth $108,000 after purchasing an additional 476 shares during the last quarter. Citigroup Inc. boosted its holdings in United States Cellular Corporation by 2,940.5% during the second quarter. Citigroup Inc. now owns 3,375 shares of the Wireless communications provider’s stock worth $130,000 after purchasing an additional 3,264 shares during the last quarter. Legal & General Group Plc boosted its holdings in United States Cellular Corporation by 183.9% during the second quarter. Legal & General Group Plc now owns 6,280 shares of the Wireless communications provider’s stock worth $241,000 after purchasing an additional 4,068 shares during the last quarter. Parkwood LLC purchased a new position in United States Cellular Corporation during the second quarter worth about $259,000. Finally, Tudor Investment Corp ET AL boosted its holdings in United States Cellular Corporation by 16.9% during the first quarter. Tudor Investment Corp ET AL now owns 9,000 shares of the Wireless communications provider’s stock worth $336,000 after purchasing an additional 1,300 shares during the last quarter. Institutional investors and hedge funds own 14.83% of the company’s stock.

In related news, EVP Steven T. Campbell sold 18,292 shares of the firm’s stock in a transaction that occurred on Wednesday, August 9th. The shares were sold at an average price of $39.95, for a total value of $730,765.40. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.

WARNING: “Prudential PLC Purchases Shares of 60,488 United States Cellular Corporation (USM)” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this piece of content on another publication, it was illegally stolen and reposted in violation of United States & international trademark and copyright laws. The legal version of this piece of content can be viewed at https://ledgergazette.com/2017/10/10/prudential-plc-purchases-shares-of-60488-united-states-cellular-corporation-usm.html.

United States Cellular Corporation (NYSE:USM) opened at 36.63 on Tuesday. United States Cellular Corporation has a 1-year low of $33.30 and a 1-year high of $46.01. The firm has a 50-day moving average of $36.70 and a 200-day moving average of $38.05. The stock has a market capitalization of $3.12 billion, a PE ratio of 64.04 and a beta of 0.81.

United States Cellular Corporation (NYSE:USM) last announced its quarterly earnings results on Friday, August 4th. The Wireless communications provider reported $0.14 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.17 by ($0.03). The company had revenue of $963.00 million for the quarter, compared to analysts’ expectations of $949.43 million. United States Cellular Corporation had a net margin of 1.26% and a return on equity of 1.12%. The business’s revenue was down 2.9% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 EPS. Equities analysts expect that United States Cellular Corporation will post $0.31 EPS for the current fiscal year.

A number of research analysts have weighed in on USM shares. BidaskClub cut shares of United States Cellular Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 16th. Zacks Investment Research upgraded shares of United States Cellular Corporation from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $37.33.

United States Cellular Corporation Company 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 Corporation (NYSE:USM)

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