Deutsche Bank AG Decreases Stock Position in Telephone and Data Systems, Inc. $TDS

Key Points

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Deutsche Bank AG lessened its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 9.0% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 79,852 shares of the Wireless communications provider's stock after selling 7,851 shares during the quarter. Deutsche Bank AG owned about 0.07% of Telephone and Data Systems worth $3,093,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in TDS. Bayforest Capital Ltd increased its holdings in shares of Telephone and Data Systems by 121.8% in the first quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider's stock valued at $52,000 after purchasing an additional 737 shares during the last quarter. Lazard Asset Management LLC increased its holdings in shares of Telephone and Data Systems by 85.6% in the fourth quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider's stock valued at $139,000 after purchasing an additional 1,887 shares during the last quarter. Forum Financial Management LP acquired a new stake in shares of Telephone and Data Systems in the first quarter valued at approximately $200,000. Greenleaf Trust acquired a new stake in shares of Telephone and Data Systems in the first quarter valued at approximately $202,000. Finally, Highland Capital Management LLC acquired a new stake in shares of Telephone and Data Systems in the first quarter valued at approximately $205,000. Hedge funds and other institutional investors own 80.00% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on TDS. JPMorgan Chase & Co. increased their price target on Telephone and Data Systems from $53.00 to $54.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Wall Street Zen raised Telephone and Data Systems from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Raymond James Financial raised their target price on Telephone and Data Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday, August 12th. Finally, Zacks Research raised Telephone and Data Systems from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat.com, Telephone and Data Systems has an average rating of "Moderate Buy" and a consensus price target of $52.00.

Insider Transactions at Telephone and Data Systems

In other news, CAO Anita J. Kroll sold 8,608 shares of Telephone and Data Systems stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $39.09, for a total value of $336,486.72. Following the completion of the sale, the chief accounting officer directly owned 17,087 shares of the company's stock, valued at approximately $667,930.83. The trade was a 33.50% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Vicki L. Villacrez sold 26,334 shares of Telephone and Data Systems stock in a transaction on Monday, August 18th. The shares were sold at an average price of $39.02, for a total value of $1,027,552.68. Following the completion of the sale, the chief financial officer directly owned 454 shares of the company's stock, valued at $17,715.08. The trade was a 98.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 276,650 shares of company stock valued at $10,690,789. Corporate insiders own 14.97% of the company's stock.

Telephone and Data Systems Trading Down 1.0%

Shares of NYSE TDS traded down $0.3780 during trading on Friday, reaching $38.9420. The stock had a trading volume of 1,187,530 shares, compared to its average volume of 1,512,627. Telephone and Data Systems, Inc. has a fifty-two week low of $21.08 and a fifty-two week high of $42.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.65 and a current ratio of 1.78. The business's 50-day moving average price is $37.38 and its 200-day moving average price is $36.38. The company has a market cap of $4.44 billion, a P/E ratio of -40.15 and a beta of 0.54.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). Telephone and Data Systems had a negative net margin of 0.85% and a positive return on equity of 0.92%. The firm had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period in the previous year, the firm posted ($0.13) earnings per share. The company's quarterly revenue was down 5.7% compared to the same quarter last year. On average, equities research analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Telephone and Data Systems's payout ratio is presently -16.49%.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers, and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, fixed wireless home internet, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.