Integrity Alliance LLC. Invests $336,000 in Telephone and Data Systems, Inc. $TDS

Key Points

• Integrity Alliance LLC has invested approximately $336,000 in Telephone and Data Systems, Inc. by acquiring 8,663 shares during the first quarter of the year.
• The company reported a negative earnings per share (EPS) of ($0.05) for the last quarter, missing analysts' expectations, while revenue fell 5.7% year-over-year.
• A quarterly dividend of $0.04 per share was announced, set to be paid on September 30th, representing a 0.4% yield annually.

Integrity Alliance LLC. purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,663 shares of the Wireless communications provider's stock, valued at approximately $336,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. Bayforest Capital Ltd boosted its position in 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 period. Lazard Asset Management LLC grew its position in Telephone and Data Systems by 85.6% during the fourth quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider's stock valued at $139,000 after acquiring an additional 1,887 shares during the last quarter. Forum Financial Management LP bought a new position in shares of Telephone and Data Systems in the first quarter worth approximately $200,000. Greenleaf Trust bought a new position in shares of Telephone and Data Systems in the first quarter worth approximately $202,000. Finally, Highland Capital Management LLC bought a new position in shares of Telephone and Data Systems in the first quarter worth approximately $205,000. Institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Trading Down 1.3%

NYSE:TDS traded down $0.50 during trading hours on Monday, hitting $38.72. The company had a trading volume of 715,734 shares, compared to its average volume of 1,013,416. The company has a market capitalization of $4.45 billion, a PE ratio of -39.92 and a beta of 0.48. The stock has a 50-day moving average price of $38.88 and a 200 day moving average price of $36.55. Telephone and Data Systems, Inc. has a 52 week low of $22.51 and a 52 week 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.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion. Telephone and Data Systems had a negative net margin of 0.85% and a positive return on equity of 0.92%. The business's quarterly revenue was down 5.7% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.13) EPS. 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 Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.4%. Telephone and Data Systems's dividend payout ratio (DPR) is currently -16.49%.

Wall Street Analyst Weigh In

TDS has been the topic of several recent analyst reports. 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. Wall Street Zen upgraded shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Zacks Research upgraded shares of Telephone and Data Systems from a "strong sell" rating to a "hold" rating in a report on Wednesday, August 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Telephone and Data Systems from $53.00 to $54.00 and gave the company an "overweight" rating in a report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Insider Transactions at Telephone and Data Systems

In other Telephone and Data Systems news, SVP Joseph R. Hanley sold 68,759 shares of the firm's stock in a transaction on Monday, August 18th. The stock was sold at an average price of $38.16, for a total transaction of $2,623,843.44. Following the completion of the transaction, the senior vice president 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 ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CAO Anita J. Kroll sold 29,047 shares of the firm's stock in a transaction on Tuesday, August 12th. The shares were sold at an average price of $39.02, for a total value of $1,133,413.94. Following the transaction, the chief accounting officer directly owned 19,892 shares of the company's stock, valued at $776,185.84. This represents a 59.35% decrease in their position. The disclosure for this sale can be found here. Over the last three months, 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 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.