Vicki L. Villacrez Sells 73,878 Shares of Telephone and Data Systems, Inc. (NYSE:TDS) Stock

Key Points

• Chief Financial Officer Vicki L. Villacrez sold 73,878 shares of Telephone and Data Systems, Inc. stock at an average price of $38.88, resulting in a total transaction value of approximately $2.87 million, representing a 47.69% decrease in her ownership.
• The company reported a negative EPS of ($0.05) for the last quarter, falling short of analyst expectations, with quarterly revenue of $1.19 billion, down 5.7% year-over-year.
• Telephone and Data Systems has announced a quarterly dividend of $0.04 per share, with an annualized yield of 0.4%, to be paid on September 30th to investors of record by September 15th.

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) CFO Vicki L. Villacrez sold 73,878 shares of the firm's stock in a transaction on 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 sale, the chief financial officer directly owned 81,035 shares in the company, valued at approximately $3,150,640.80. This represents a 47.69% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Telephone and Data Systems Stock Performance

Shares of TDS stock traded down $0.31 during trading hours on Friday, hitting $38.51. 1,449,238 shares of the company were exchanged, compared to its average volume of 1,066,919. The firm has a fifty day simple moving average of $36.92 and a 200 day simple moving average of $36.26. The company has a current ratio of 1.78, a quick ratio of 1.55 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 52-week low of $20.04 and a 52-week high of $42.74. The stock has a market capitalization of $4.39 billion, a price-to-earnings ratio of -39.70 and a beta of 0.54.

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 negative net margin of 0.85% and a positive return on equity of 0.92%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter last year, the firm earned ($0.13) earnings per share. The firm's revenue for the quarter was down 5.7% on a year-over-year basis. Research analysts predict 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 business 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 dividend of $0.04 per share. The ex-dividend date is Monday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Telephone and Data Systems's payout ratio is currently -16.49%.

Institutional Investors Weigh In On Telephone and Data Systems

Several hedge funds have recently made changes to their positions in TDS. Amalgamated Bank lifted its position in Telephone and Data Systems by 1.0% during the second quarter. Amalgamated Bank now owns 28,061 shares of the Wireless communications provider's stock valued at $998,000 after purchasing an additional 270 shares during the period. Xponance Inc. lifted its position in shares of Telephone and Data Systems by 4.5% in the first quarter. Xponance Inc. now owns 7,485 shares of the Wireless communications provider's stock valued at $290,000 after acquiring an additional 324 shares in the last quarter. Boothbay Fund Management LLC boosted its position in shares of Telephone and Data Systems by 0.3% during the second quarter. Boothbay Fund Management LLC now owns 150,654 shares of the Wireless communications provider's stock worth $5,360,000 after acquiring an additional 445 shares during the last quarter. Assetmark Inc. boosted its position 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 acquiring an additional 450 shares during the last quarter. Finally, Bank of Montreal Can boosted its position in shares of Telephone and Data Systems by 1.0% during the second quarter. Bank of Montreal Can now owns 45,795 shares of the Wireless communications provider's stock worth $1,629,000 after acquiring an additional 470 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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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