Integrity Alliance LLC. purchased a new position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 8,663 shares of the Wireless communications provider's stock, valued at approximately $336,000.
A number of other institutional investors have also recently bought and sold shares of the stock. Xponance Inc. increased its stake in Telephone and Data Systems by 4.5% in the 1st quarter. Xponance Inc. now owns 7,485 shares of the Wireless communications provider's stock worth $290,000 after purchasing an additional 324 shares in the last quarter. Sequoia Financial Advisors LLC raised its holdings in shares of Telephone and Data Systems by 8.0% during the 1st quarter. Sequoia Financial Advisors LLC now owns 6,544 shares of the Wireless communications provider's stock valued at $254,000 after purchasing an additional 485 shares in the last quarter. GAMMA Investing LLC increased its holdings in shares of Telephone and Data Systems by 8.7% during the 1st quarter. GAMMA Investing LLC now owns 6,243 shares of the Wireless communications provider's stock valued at $242,000 after acquiring an additional 501 shares during the last quarter. OneDigital Investment Advisors LLC lifted its holdings in Telephone and Data Systems by 5.8% in the 1st quarter. OneDigital Investment Advisors LLC now owns 9,648 shares of the Wireless communications provider's stock worth $374,000 after purchasing an additional 531 shares during the last quarter. Finally, Landscape Capital Management L.L.C. lifted its holdings in shares of Telephone and Data Systems by 5.5% during the first quarter. Landscape Capital Management L.L.C. now owns 11,596 shares of the Wireless communications provider's stock worth $449,000 after buying an additional 606 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.
Insider Transactions at Telephone and Data Systems
In other Telephone and Data Systems news, CFO Vicki L. Villacrez sold 73,878 shares of the company's stock in a transaction that occurred on Wednesday, August 13th. The stock was sold at an average price of $38.88, for a total transaction of $2,872,376.64. Following the completion of the transaction, the chief financial officer owned 81,035 shares of the company's stock, valued at $3,150,640.80. This represents a 47.69% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Joseph R. Hanley sold 68,759 shares of the company's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $38.16, for a total value of $2,623,843.44. Following the transaction, the senior vice president directly owned 60,473 shares of the company's stock, valued at approximately $2,307,649.68. This trade represents a 53.21% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 276,650 shares of company stock worth $10,690,789. Insiders own 14.97% of the company's stock.
Telephone and Data Systems Price Performance
Telephone and Data Systems stock traded down $0.17 during mid-day trading on Thursday, hitting $38.17. 1,131,937 shares of the company were exchanged, compared to its average volume of 1,012,504. The company has a quick ratio of 1.65, a current ratio of 1.78 and a debt-to-equity ratio of 0.85. The business has a fifty day moving average of $38.88 and a 200 day moving average of $36.60. Telephone and Data Systems, Inc. has a 1-year low of $22.51 and a 1-year high of $42.74. The company has a market capitalization of $4.39 billion, a PE ratio of -39.35 and a beta of 0.48.
Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced 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). The business had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Telephone and Data Systems had a positive return on equity of 0.92% and a negative net margin of 0.85%.Telephone and Data Systems's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.13) EPS. As a group, sell-side analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.
Telephone and Data Systems Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given 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 yield of 0.4%. Telephone and Data Systems's dividend payout ratio is -16.49%.
Wall Street Analyst Weigh In
A number of research analysts have recently commented on the company. Raymond James Financial upped their price target on 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. upped their target price on Telephone and Data Systems from $53.00 to $54.00 and gave the company an "overweight" rating in a research note on Tuesday, August 12th. Zacks Research upgraded Telephone and Data Systems from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. Finally, Wall Street Zen upgraded Telephone and Data Systems from a "sell" rating to a "hold" rating in a research note on Sunday, August 17th. Two equities research analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Telephone and Data Systems presently has a consensus rating of "Moderate Buy" and an average target price of $52.00.
Get Our Latest Stock Analysis on Telephone and Data Systems
Telephone and Data Systems Company Profile
(
Free Report)
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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