Telephone and Data Systems (NYSE:TDS) CFO Vicki L. Villacrez Sells 26,334 Shares

Key Points

• CFO Vicki L. Villacrez sold 26,334 shares of Telephone and Data Systems' stock at an average price of $39.02, resulting in a total transaction value of over $1 million and a 98.31% reduction in her ownership.
• The company reported a loss of $0.05 per share in its latest quarterly earnings, missing expectations, while revenue of $1.19 billion also reflected a 5.7% year-over-year decline.
• Telephone and Data Systems announced a quarterly dividend of $0.04 per share, with an ex-dividend date set for September 15th, resulting in a 0.4% annual dividend yield.

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) CFO Vicki L. Villacrez sold 26,334 shares of the firm'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 sale, the chief financial officer owned 454 shares of the company's stock, valued at $17,715.08. This represents a 98.31% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Telephone and Data Systems Trading Down 1.0%

Shares of NYSE TDS traded down $0.3780 during midday trading on Friday, reaching $38.9420. 1,187,530 shares of the stock were exchanged, compared to its average volume of 1,512,627. The company has a 50 day simple moving average of $37.38 and a 200 day simple moving average of $36.38. The stock has a market capitalization of $4.44 billion, a P/E ratio of -40.15 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 twelve month low of $21.08 and a twelve month high of $42.74.

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 for the quarter, compared to analyst estimates 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 firm's quarterly revenue was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.13) EPS. As a group, equities 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, September 15th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Telephone and Data Systems's dividend payout ratio (DPR) is currently -16.49%.

Wall Street Analyst Weigh In

Several research firms recently weighed in on TDS. JPMorgan Chase & Co. lifted 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 report on Tuesday, August 12th. Wall Street Zen upgraded shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a report on Sunday, August 17th. Raymond James Financial lifted 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 report on Tuesday, August 12th. Finally, 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. Two investment analysts have rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, Telephone and Data Systems has an average rating of "Moderate Buy" and a consensus target price of $52.00.

Hedge Funds Weigh In On Telephone and Data Systems

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Assetmark Inc. grew its stake in shares of Telephone and Data Systems by 53.1% during the second quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider's stock worth $46,000 after purchasing an additional 450 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Telephone and Data Systems by 191.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider's stock worth $47,000 after purchasing an additional 861 shares in the last quarter. Bayforest Capital Ltd grew its stake in shares of Telephone and Data Systems by 121.8% during 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. acquired a new position in shares of Telephone and Data Systems during the fourth quarter worth $56,000. Finally, Lazard Asset Management LLC grew its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

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.