Telephone and Data Systems (NYSE:TDS) Director Sells $171,402.00 in Stock

Telephone and Data Systems, Inc. (NYSE:TDS) Director Prudence Carlson sold 4,452 shares of the company’s stock in a transaction dated Monday, August 18th. The stock was sold at an average price of $38.50, for a total value of $171,402.00. Following the completion of the sale, the director owned 311,005 shares in the company, valued at $11,973,692.50. The trade was a 1.41% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Telephone and Data Systems Stock Up 0.1%

Shares of TDS opened at $39.0520 on Thursday. Telephone and Data Systems, Inc. has a 52 week low of $20.45 and a 52 week high of $42.74. The company has a quick ratio of 1.65, a current ratio of 1.78 and a debt-to-equity ratio of 0.85. The company has a market capitalization of $4.45 billion, a price-to-earnings ratio of -40.26 and a beta of 0.54. The stock’s 50-day moving average price is $37.16 and its 200-day moving average price is $36.33.

Telephone and Data Systems (NYSE:TDS) last issued its 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 during the quarter, compared to analysts’ expectations of $1.17 billion. During the same quarter in the previous year, the company earned ($0.13) EPS. The firm’s quarterly revenue was down 5.7% compared to the same quarter last year. On average, sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be issued 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 dividend payout ratio is presently -16.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on TDS shares. Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Sunday. Zacks Research raised Telephone and Data Systems from a “strong sell” rating to a “hold” rating in a report on Wednesday, August 13th. Raymond James Financial upped their price target on Telephone and Data Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a report on Tuesday, August 12th. Finally, JPMorgan Chase & Co. upped their price target on Telephone and Data Systems from $53.00 to $54.00 and gave the stock an “overweight” rating in a report on Tuesday, August 12th. Two equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.00.

Hedge Funds Weigh In On Telephone and Data Systems

A number of hedge funds have recently made changes to their positions in the company. Amalgamated Bank increased its holdings in shares of Telephone and Data Systems by 1.0% in 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 last quarter. Xponance Inc. increased its holdings 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 purchasing an additional 324 shares during the last quarter. Boothbay Fund Management LLC increased its holdings in shares of Telephone and Data Systems by 0.3% in the second quarter. Boothbay Fund Management LLC now owns 150,654 shares of the Wireless communications provider’s stock valued at $5,360,000 after purchasing an additional 445 shares during the last quarter. Assetmark Inc. increased its holdings in shares of Telephone and Data Systems by 53.1% in the second quarter. Assetmark Inc. now owns 1,297 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 450 shares during the last quarter. Finally, Bank of Montreal Can grew its position in Telephone and Data Systems by 1.0% in 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 period. Institutional investors and hedge funds 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.