Fox Run Management L.L.C. Invests $255,000 in Telephone and Data Systems, Inc. $TDS

Key Points

• Fox Run Management L.L.C. has acquired 6,586 shares of Telephone and Data Systems, Inc., valued at approximately $255,000, in the first quarter, indicating growing institutional interest in the company.
• Recently, Zacks Research and Wall Street Zen upgraded TDS' rating from "strong sell" to "hold", reflecting a shift in analyst sentiment regarding the stock's potential.
• Telephone and Data Systems has declared a quarterly dividend of $0.04 per share, with an ex-dividend date set for September 15th, resulting in a 0.4% yield for investors.

Fox Run Management L.L.C. purchased a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 6,586 shares of the Wireless communications provider's stock, valued at approximately $255,000.

Other large investors have also modified their holdings of the company. Bayforest Capital Ltd lifted its position in shares of Telephone and Data Systems by 121.8% during the first quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider's stock worth $52,000 after purchasing an additional 737 shares during the last quarter. Lazard Asset Management LLC lifted its holdings in 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 worth $139,000 after acquiring an additional 1,887 shares during the last quarter. Forum Financial Management LP bought a new position in Telephone and Data Systems in the first quarter worth about $200,000. Greenleaf Trust bought a new position in Telephone and Data Systems in the first quarter worth about $202,000. Finally, Highland Capital Management LLC bought a new position in Telephone and Data Systems in the first quarter worth about $205,000. Institutional investors own 80.00% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on TDS shares. Zacks Research raised shares of Telephone and Data Systems from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Raymond James Financial raised their target price on shares of Telephone and Data Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday, August 12th. JPMorgan Chase & Co. raised their target price on shares of Telephone and Data Systems from $53.00 to $54.00 and gave the stock an "overweight" rating in a report on Tuesday, August 12th. Finally, Wall Street Zen raised shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Two 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, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Insider Activity at Telephone and Data Systems

In other Telephone and Data Systems news, SVP Joseph R. Hanley sold 68,759 shares of Telephone and Data Systems stock in a transaction on Monday, August 18th. The shares were sold at an average price of $38.16, for a total transaction of $2,623,843.44. Following the completion of the sale, the senior vice president owned 60,473 shares of the company's stock, valued at $2,307,649.68. This trade represents a 53.21% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CAO Anita J. Kroll sold 8,608 shares of Telephone and Data Systems stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $39.09, for a total transaction of $336,486.72. Following the sale, the chief accounting officer directly owned 17,087 shares of the company's stock, valued at $667,930.83. This trade represents a 33.50% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 276,650 shares of company stock worth $10,690,789. Corporate insiders own 14.48% of the company's stock.

Telephone and Data Systems Trading Up 1.6%

Telephone and Data Systems stock traded up $0.64 during midday trading on Tuesday, reaching $39.21. The stock had a trading volume of 1,135,778 shares, compared to its average volume of 1,414,066. The firm's fifty day simple moving average is $37.59 and its two-hundred day simple moving average is $36.41. Telephone and Data Systems, Inc. has a twelve month low of $21.81 and a twelve month high of $42.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.78 and a quick ratio of 1.65. The firm has a market cap of $4.51 billion, a price-to-earnings ratio of -40.42 and a beta of 0.54.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The Wireless communications provider reported ($0.05) EPS for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). Telephone and Data Systems had a positive return on equity of 0.92% and a negative net margin of 0.85%.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 prior year, the business posted ($0.13) EPS. The company's revenue for the quarter was down 5.7% on a year-over-year basis. Equities analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be paid a dividend of $0.04 per share. 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 dividend payout ratio (DPR) is -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.