Intech Investment Management LLC Has $6.61 Million Stock Position in Telephone and Data Systems, Inc. $TDS

Key Points

• Intech Investment Management LLC increased its stake in Telephone and Data Systems, Inc. by 36.8%, holding approximately $6.61 million worth of the company's stock by the end of Q1.
• Analyst ratings for TDS have generally improved, with Raymond James and JPMorgan raising their price targets, indicating a consensus rating of "Moderate Buy" with an average price target of $52.00.
• Telephone and Data Systems declared a quarterly dividend of $0.04 per share, representing a yield of 0.4%, with specific dates for record and ex-dividend announced.

Intech Investment Management LLC grew its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 36.8% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 170,550 shares of the Wireless communications provider's stock after buying an additional 45,882 shares during the period. Intech Investment Management LLC owned approximately 0.15% of Telephone and Data Systems worth $6,607,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Telephone and Data Systems by 21.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,500 shares of the Wireless communications provider's stock valued at $329,000 after buying an additional 1,500 shares during the period. Sequoia Financial Advisors LLC lifted its stake in Telephone and Data Systems by 8.0% in the first quarter. Sequoia Financial Advisors LLC now owns 6,544 shares of the Wireless communications provider's stock valued at $254,000 after buying an additional 485 shares in the last quarter. Oppenheimer & Co. Inc. bought a new position in Telephone and Data Systems in the first quarter valued at approximately $215,000. Wealth Enhancement Advisory Services LLC bought a new position in Telephone and Data Systems in the fourth quarter valued at approximately $237,000. Finally, GAMMA Investing LLC lifted its stake in Telephone and Data Systems by 8.7% in the first quarter. GAMMA Investing LLC now owns 6,243 shares of the Wireless communications provider's stock valued at $242,000 after buying an additional 501 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Analyst Ratings Changes

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

Telephone and Data Systems Stock Performance

Shares of NYSE TDS opened at $39.43 on Friday. The company has a current ratio of 1.78, a quick ratio of 1.65 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 12 month low of $22.51 and a 12 month high of $42.74. The stock has a 50 day moving average of $38.74 and a 200-day moving average of $36.50. The company has a market capitalization of $4.53 billion, a P/E ratio of -40.65 and a beta of 0.48.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter in the prior year, the firm posted ($0.13) earnings per share. The business's revenue was down 5.7% compared to the same quarter last year. As a group, equities research analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

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

Insider Activity at Telephone and Data Systems

In other news, CAO Anita J. Kroll sold 29,047 shares of the stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $39.02, for a total transaction of $1,133,413.94. Following the transaction, the chief accounting officer owned 19,892 shares in the company, valued at approximately $776,185.84. This trade represents a 59.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Vicki L. Villacrez sold 73,878 shares of the stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.88, for a total value of $2,872,376.64. Following the transaction, the chief financial officer owned 81,035 shares in the company, valued at approximately $3,150,640.80. This trade represents a 47.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 276,650 shares of company stock worth $10,690,789 in the last quarter. Corporate insiders own 14.97% of the company's stock.

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.

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