Callan Family Office LLC Increases Stake in Telephone and Data Systems, Inc. $TDS

Callan Family Office LLC boosted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 35.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,393 shares of the Wireless communications provider’s stock after acquiring an additional 3,744 shares during the period. Callan Family Office LLC’s holdings in Telephone and Data Systems were worth $512,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Xponance Inc. grew its stake in shares of Telephone and Data Systems by 4.5% during the first quarter. Xponance Inc. now owns 7,485 shares of the Wireless communications provider’s stock worth $290,000 after purchasing an additional 324 shares in the last quarter. Sequoia Financial Advisors LLC grew its stake in shares of Telephone and Data Systems by 8.0% during the first quarter. Sequoia Financial Advisors LLC now owns 6,544 shares of the Wireless communications provider’s stock worth $254,000 after purchasing an additional 485 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Telephone and Data Systems by 8.7% during the first quarter. GAMMA Investing LLC now owns 6,243 shares of the Wireless communications provider’s stock worth $242,000 after purchasing an additional 501 shares in the last quarter. OneDigital Investment Advisors LLC grew its stake in shares of Telephone and Data Systems by 5.8% during the first quarter. OneDigital Investment Advisors LLC now owns 9,648 shares of the Wireless communications provider’s stock worth $374,000 after purchasing an additional 531 shares in the last quarter. Finally, Maryland State Retirement & Pension System grew its stake in shares of Telephone and Data Systems by 1.9% during the second quarter. Maryland State Retirement & Pension System now owns 28,986 shares of the Wireless communications provider’s stock worth $1,031,000 after purchasing an additional 540 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Anita J. Kroll sold 8,608 shares of the firm’s stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $39.09, for a total value of $336,486.72. Following the completion of the sale, the chief accounting officer owned 17,087 shares in the company, valued at approximately $667,930.83. This trade represents a 33.50% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Prudence E. Carlson sold 4,452 shares of the firm’s stock in a transaction on Monday, August 18th. The stock was sold at an average price of $38.50, for a total transaction of $171,402.00. Following the completion of the sale, the director owned 311,005 shares of the company’s stock, valued at $11,973,692.50. This trade represents a 1.41% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 276,650 shares of company stock worth $10,690,789 over the last quarter. Insiders own 14.48% of the company’s stock.

Wall Street Analysts Forecast Growth

TDS has been the subject of a number of analyst reports. Zacks Research upgraded shares of Telephone and Data Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. Weiss Ratings raised shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, October 8th. Raymond James Financial increased 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 research report on Tuesday, August 12th. Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Finally, JPMorgan Chase & Co. increased 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 research report on Tuesday, August 12th. Two investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, Telephone and Data Systems presently has an average rating of “Moderate Buy” and an average price target of $52.00.

Telephone and Data Systems Stock Up 0.5%

Shares of NYSE:TDS opened at $38.67 on Wednesday. The stock has a market cap of $4.45 billion, a P/E ratio of -39.87 and a beta of 0.39. The firm has a fifty day moving average price of $38.86 and a 200 day moving average price of $36.94. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.78 and a quick ratio of 1.65. Telephone and Data Systems, Inc. has a 1-year low of $23.84 and a 1-year high of $42.74.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.04). The business 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 revenue for the quarter was down 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.13) EPS. Sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 30th. Investors of record on Monday, September 15th were paid a dividend of $0.04 per share. The ex-dividend date was 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 currently -16.49%.

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.