Charles Schwab Investment Management Inc. cut its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 9.2% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,226,095 shares of the Wireless communications provider's stock after selling 124,343 shares during the period. Charles Schwab Investment Management Inc. owned approximately 1.08% of Telephone and Data Systems worth $47,499,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Bayforest Capital Ltd boosted its holdings 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 worth $52,000 after purchasing an additional 737 shares in the last quarter. Federated Hermes Inc. bought a new stake in Telephone and Data Systems during the fourth quarter valued at about $56,000. Lazard Asset Management LLC boosted its holdings 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 period. Forum Financial Management LP bought a new stake in Telephone and Data Systems during the first quarter valued at about $200,000. Finally, United Capital Financial Advisors LLC bought a new stake in Telephone and Data Systems during the fourth quarter valued at about $201,000. 80.00% of the stock is currently owned by institutional investors.
Insider Buying and Selling at Telephone and Data Systems
In related news, CFO Vicki L. Villacrez sold 73,878 shares of the 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 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Joseph R. Hanley sold 68,759 shares of the stock in a transaction dated 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 directly 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 disclosure for this sale can be found here. Over the last ninety days, insiders sold 268,042 shares of company stock worth $10,354,302. 14.97% of the stock is currently owned by company insiders.
Telephone and Data Systems Stock Performance
Shares of TDS traded up $0.2150 during trading hours on Thursday, reaching $39.2850. 774,462 shares of the company traded hands, compared to its average volume of 1,561,552. The stock's fifty day moving average is $37.26 and its 200 day moving average is $36.36. The stock has a market cap of $4.48 billion, a P/E ratio of -40.50 and a beta of 0.54. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.65 and a current ratio of 1.78. Telephone and Data Systems, Inc. has a 1-year low of $20.71 and a 1-year high of $42.74.
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 analysts' consensus estimates of ($0.01) by ($0.04). The company had revenue of $1.19 billion for the quarter, compared to analyst estimates 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 firm's quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the prior year, the company posted ($0.13) EPS. Equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.
Telephone and Data Systems Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.4%. The ex-dividend date of this dividend is Monday, September 15th. Telephone and Data Systems's dividend payout ratio is -16.49%.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on TDS shares. Wall Street Zen upgraded shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a report on Sunday. JPMorgan Chase & Co. upped 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. 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, Raymond James Financial upped 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. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Telephone and Data Systems presently has a consensus rating of "Moderate Buy" and an average target price of $52.00.
Get Our Latest Analysis on TDS
About Telephone and Data Systems
(
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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