On August 5, 2024, Kevin Lowell, Executive Vice President and Chief People Officer of United States Cellular Corp (NYSE:USM), sold 37,597 shares of the company’s stock. The transaction was documented in a recent SEC filing. Following this sale, the insider now owns 0 shares of the company’s stock.
United States Cellular Corp (NYSE:USM) is a wireless telecommunications service provider. The company offers a range of wireless cellular services to customers in various states in the United States.
The shares were sold at a price of $49.34, representing a transaction value of approximately $1,854,226.18. This sale reduced the insider’s stake in the company to zero shares.
Over the past year, Kevin Lowell has been involved in several transactions involving USM stock. In total, he sold 37,597 shares and bought none. This pattern reflects the only insider selling activity recorded for the company during the same period.
As of the last trading day, United States Cellular Corp (NYSE:USM) had a market capitalization of approximately $4.49 billion. The stock’s price-to-earnings ratio is 63.65, well above the industry median of 15.69 and the company’s historical median.
According to GF Value, USM’s estimated intrinsic value is $28.47 per share, so the current price of $49.34 suggests that the stock is significantly overvalued with a Price to GF Value ratio of 1.73.
The GF value is calculated by taking into account historical trading multiples such as price-to-earnings ratio, price-to-sales ratio, price-to-book ratio and price-to-free cash flow, along with a GuruFocus adjustment factor based on past earnings and growth as well as Morningstar analysts’ views on future business performance.
This latest insider transaction gives investors insight into the sentiment of United States Cellular Corp’s management as the insider is now selling his entire stake in the company.
This article created by GuruFocus is intended to provide general insights and does not constitute tailored financial advice. Our commentary is based on historical data and analyst forecasts, uses an unbiased methodology and is not intended to serve as specific investment advice. It does not contain a recommendation to buy or sell any stock and does not take into account any individual investment objectives or financial circumstances. Our goal is to provide long-term, fundamental, data-driven analysis. Note that our analysis may not include the most recent, price-sensitive company announcements or qualitative information. GuruFocus does not hold a position in any stocks mentioned here.
This article first appeared on GuruFocus.
