Krilogy Financial LLC Raises Stock Holdings in Telephone and Data Systems, Inc. $TDS

Key Points

• Krilogy Financial LLC increased its stake in Telephone and Data Systems, acquiring an additional 15,507 shares, bringing its total holdings to 172,353 shares, valued at approximately $6.13 million.
• Telephone and Data Systems reported a loss per share (EPS) of ($0.05) for the latest quarter, missing analysts' estimates, despite generating $1.19 billion in revenue.
• Insider selling activity has been notable, with the CFO selling over 26,000 shares, representing a significant decrease in their holdings, while institutional investors control 80% of the company's stock.

Krilogy Financial LLC increased its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 9.9% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,353 shares of the Wireless communications provider's stock after buying an additional 15,507 shares during the period. Krilogy Financial LLC owned about 0.15% of Telephone and Data Systems worth $6,132,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in TDS. Bayforest Capital Ltd lifted its stake in 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 boosted 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 worth $139,000 after purchasing an additional 1,887 shares during the period. Forum Financial Management LP bought a new stake in shares of Telephone and Data Systems in the first quarter valued at approximately $200,000. Greenleaf Trust bought a new position in Telephone and Data Systems in the 1st quarter worth approximately $202,000. Finally, Highland Capital Management LLC purchased a new position in Telephone and Data Systems in the 1st quarter valued at approximately $205,000. Institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Price Performance

NYSE:TDS traded down $0.18 during midday trading on Friday, hitting $37.99. The company had a trading volume of 1,999,104 shares, compared to its average volume of 1,030,378. The stock's fifty day moving average price is $38.85 and its 200-day moving average price is $36.62. 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 quick ratio of 1.65, a current ratio of 1.78 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4.37 billion, a PE ratio of -39.16 and a beta of 0.48.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share (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 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%.The company's revenue for the quarter was down 5.7% on a year-over-year basis. During the same period last year, the firm earned ($0.13) EPS. As a group, research analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

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

Insider Buying and Selling at Telephone and Data Systems

In other Telephone and Data Systems news, CAO Anita J. Kroll sold 29,047 shares of the company's stock in a transaction dated Tuesday, August 12th. The shares were sold at an average price of $39.02, for a total transaction of $1,133,413.94. Following the completion of the sale, the chief accounting officer directly owned 19,892 shares in the company, valued at $776,185.84. This represents a 59.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CFO Vicki L. Villacrez sold 73,878 shares of the firm's stock in a transaction dated Wednesday, August 13th. The shares were sold at an average price of $38.88, for a total value of $2,872,376.64. Following the transaction, the chief financial officer directly owned 81,035 shares in the company, valued at $3,150,640.80. This trade represents a 47.69% 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. 14.97% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have commented on the company. Zacks Research upgraded Telephone and Data Systems from a "strong sell" rating to a "hold" rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. upped 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. Raymond James Financial raised their price target on shares of Telephone and Data Systems from $49.00 to $50.00 and gave the company an "outperform" 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 research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $52.00.

Telephone and Data Systems Company 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.