Three Seasons Wealth LLC Acquires Shares of 38,731 Telephone and Data Systems, Inc. $TDS

Key Points

• Three Seasons Wealth LLC acquired 38,731 shares of Telephone and Data Systems, valued at approximately $1.43 million. Institutional investors and hedge funds own about 80% of TDS.
• TDS reported quarterly EPS of $2.24, significantly exceeding the $0.09 consensus estimate, while revenue rose 3.6% year over year to $309.28 million but fell short of expectations.
• Analysts give TDS a consensus “Moderate Buy” rating with a $47.50 price target, compared with a recent share price of $37.90. The company also declared a quarterly dividend of $0.04 per share.

Three Seasons Wealth LLC acquired a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 38,731 shares of the Wireless communications provider's stock, valued at approximately $1,433,000.

A number of other large investors have also made changes to their positions in TDS. Captrust Financial Advisors grew its holdings in shares of Telephone and Data Systems by 3.8% during the fourth quarter. Captrust Financial Advisors now owns 6,026 shares of the Wireless communications provider's stock valued at $247,000 after buying an additional 220 shares during the last quarter. CIBC Asset Management Inc increased its holdings in shares of Telephone and Data Systems by 2.4% during the 4th quarter. CIBC Asset Management Inc now owns 9,804 shares of the Wireless communications provider's stock valued at $402,000 after purchasing an additional 232 shares in the last quarter. Maryland State Retirement & Pension System increased its holdings in Telephone and Data Systems by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 14,362 shares of the Wireless communications provider's stock valued at $589,000 after buying an additional 233 shares in the last quarter. HighTower Advisors LLC grew its position in shares of Telephone and Data Systems by 4.3% during the 4th quarter. HighTower Advisors LLC now owns 5,866 shares of the Wireless communications provider's stock valued at $241,000 after acquiring an additional 240 shares during the period. Finally, EverSource Wealth Advisors LLC increased its position in shares of Telephone and Data Systems by 29.2% in the first quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider's stock valued at $46,000 after buying an additional 245 shares in the last quarter. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Stock Performance

Shares of TDS opened at $37.90 on Friday. The company has a current ratio of 3.82, a quick ratio of 3.81 and a debt-to-equity ratio of 0.15. The firm has a market cap of $4.36 billion, a PE ratio of 12.63 and a beta of 0.33. Telephone and Data Systems, Inc. has a 12-month low of $31.51 and a 12-month high of $49.12. The company's 50 day simple moving average is $34.59 and its 200-day simple moving average is $39.91.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The Wireless communications provider reported $2.24 EPS for the quarter, topping the consensus estimate of $0.09 by $2.15. Telephone and Data Systems had a return on equity of 11.97% and a net margin of 33.20%.The business had revenue of $309.28 million during the quarter, compared to analysts' expectations of $315.78 million. During the same quarter in the prior year, the business earned ($0.05) earnings per share. The company's quarterly revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that Telephone and Data Systems, Inc. will post -0.24 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Tuesday, September 15th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Telephone and Data Systems's dividend payout ratio is 5.33%.

Analysts Set New Price Targets

A number of equities analysts have commented on TDS shares. Zacks Research raised Telephone and Data Systems from a "hold" rating to a "strong-buy" rating in a report on Tuesday, August 11th. Raymond James Financial lowered shares of Telephone and Data Systems from an "outperform" rating to a "market perform" rating in a research report on Monday, May 11th. JPMorgan Chase & Co. lowered their target price on shares of Telephone and Data Systems from $51.00 to $48.00 and set an "overweight" rating for the company in a research note on Wednesday, August 19th. Wall Street Zen raised Telephone and Data Systems from a "sell" rating to a "hold" rating in a research note on Saturday, May 30th. Finally, Weiss Ratings raised shares of Telephone and Data Systems from a "hold (c-)" rating to a "hold (c+)" rating in a research note on Tuesday, August 11th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $47.50.

Telephone and Data Systems Company Profile

Telephone and Data Systems, Inc NYSE: TDS is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.

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