Telephone and Data Systems, Inc. $TDS Shares Acquired by Mutual of America Capital Management LLC

Key Points

• Mutual of America Capital Management LLC increased its holdings in Telephone and Data Systems, Inc. by 35.4% in the second quarter, owning approximately 0.22% of the company valued at $9,046,000.
• Telephone and Data Systems recently posted a quarterly earnings loss of ($0.05) EPS, missing analysts' estimates, alongside a revenue of $1.19 billion for the quarter.
• The company declared a quarterly dividend of $0.04, with a yield of 0.4% and a payout ratio of -16.49%.

Mutual of America Capital Management LLC increased its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 35.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 254,257 shares of the Wireless communications provider's stock after buying an additional 66,412 shares during the period. Mutual of America Capital Management LLC owned about 0.22% of Telephone and Data Systems worth $9,046,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bayforest Capital Ltd boosted its holdings in shares of Telephone and Data Systems by 121.8% in the 1st quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider's stock valued at $52,000 after buying an additional 737 shares during the period. Forum Financial Management LP acquired a new position in shares of Telephone and Data Systems in the 1st quarter valued at about $200,000. Greenleaf Trust acquired a new position in shares of Telephone and Data Systems in the 1st quarter valued at about $202,000. Highland Capital Management LLC acquired a new position in shares of Telephone and Data Systems in the 1st quarter valued at about $205,000. Finally, HighTower Advisors LLC acquired a new position in shares of Telephone and Data Systems in the 1st quarter valued at about $214,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Stock Down 0.1%

TDS stock opened at $38.50 on Monday. Telephone and Data Systems, Inc. has a 52 week low of $26.41 and a 52 week high of $42.74. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of -39.69 and a beta of 0.39. The firm's 50-day moving average is $38.88 and its two-hundred day moving average is $36.93. 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 (NYSE:TDS - Get Free Report) last released its quarterly earnings results 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). Telephone and Data Systems had a positive return on equity of 0.92% and a negative net margin of 0.85%.The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. During the same quarter last year, the firm posted ($0.13) earnings per share. The firm's quarterly revenue was down 5.7% compared to the same quarter last year. On average, analysts forecast 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 announced a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Monday, September 15th. Telephone and Data Systems's payout ratio is presently -16.49%.

Insider Buying and Selling at Telephone and Data Systems

In related news, Director Prudence E. Carlson sold 4,452 shares of the business's stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $38.50, for a total value of $171,402.00. Following the sale, the director directly owned 311,005 shares in the company, valued at $11,973,692.50. The trade was a 1.41% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CFO Vicki L. Villacrez sold 26,334 shares of the business's stock in a transaction that occurred on Monday, August 18th. The stock was sold at an average price of $39.02, for a total transaction of $1,027,552.68. Following the completion of the sale, the chief financial officer owned 454 shares in the company, valued at $17,715.08. The trade was a 98.31% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 276,650 shares of company stock valued at $10,690,789 over the last quarter. Company insiders own 14.48% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the stock. 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. 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. JPMorgan Chase & Co. boosted their target price on shares of 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. Raymond James Financial boosted their target price on shares of Telephone and Data Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research note on Tuesday, August 12th. Finally, Weiss Ratings raised shares of Telephone and Data Systems from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Wednesday, October 8th. Two research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price 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.

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