Telephone and Data Systems, Inc. (NYSE:TDS) CAO Sells $31,328.00 in Stock

Key Points

• Anita J. Kroll, the Chief Accounting Officer of Telephone and Data Systems, sold 800 shares of the company’s stock for a total of $31,328, reducing her position by 3.94%.
• For the latest quarter, the company reported a loss of ($0.05) EPS, missing analyst expectations, while revenues were $1.19 billion, slightly above estimates but down by 5.7% year-over-year.
• Telephone and Data Systems announced a quarterly dividend of $0.04 per share, with a payment date set for September 30th, providing a 0.4% yield based on an annualized basis.

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) CAO Anita J. Kroll sold 800 shares of the stock in a transaction on Wednesday, August 13th. The shares were sold at an average price of $39.16, for a total transaction of $31,328.00. Following the sale, the chief accounting officer directly owned 19,492 shares of the company's stock, valued at $763,306.72. The trade was a 3.94% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Telephone and Data Systems Stock Up 0.1%

Telephone and Data Systems stock traded up $0.02 during mid-day trading on Thursday, reaching $38.83. The stock had a trading volume of 1,247,169 shares, compared to its average volume of 1,064,437. The company has a market capitalization of $4.43 billion, a price-to-earnings ratio of -40.03 and a beta of 0.54. The company has a 50-day moving average price of $36.76 and a two-hundred day moving average price of $36.22. Telephone and Data Systems, Inc. has a one year low of $20.04 and a one year 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 1.55.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.01) by ($0.04). The firm had revenue of $1.19 billion during 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 business's revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned ($0.13) EPS. On average, analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be given a $0.04 dividend. The ex-dividend date of this dividend is Monday, September 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. Telephone and Data Systems's payout ratio is -15.24%.

Hedge Funds Weigh In On Telephone and Data Systems

A number of hedge funds have recently bought and sold shares of TDS. Third Point LLC increased its position in shares of Telephone and Data Systems by 108.7% during the 4th quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider's stock valued at $204,660,000 after purchasing an additional 3,125,000 shares during the last quarter. Carronade Capital Management LP bought a new position in shares of Telephone and Data Systems during the 4th quarter valued at approximately $62,845,000. Nuveen LLC bought a new position in shares of Telephone and Data Systems during the 1st quarter valued at approximately $43,429,000. Silver Point Capital L.P. grew its stake in shares of Telephone and Data Systems by 47.2% during the 4th quarter. Silver Point Capital L.P. now owns 1,840,000 shares of the Wireless communications provider's stock valued at $62,762,000 after acquiring an additional 590,000 shares during the period. Finally, 140 Summer Partners LP bought a new position in Telephone and Data Systems in the 1st quarter worth approximately $21,216,000. Hedge funds and other institutional investors own 80.00% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Wall Street Zen cut shares of Telephone and Data Systems from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Raymond James Financial raised their price objective on Telephone and Data Systems from $49.00 to $50.00 and gave the company an "outperform" rating in a research report on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on Telephone and Data Systems from $53.00 to $54.00 and gave the company an "overweight" rating in a research report on Tuesday.

About Telephone and Data Systems

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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