Allianz Asset Management GmbH Has $13.37 Million Position in Telephone and Data Systems, Inc. $TDS

Allianz Asset Management GmbH boosted its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 9.2% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 375,781 shares of the Wireless communications provider’s stock after acquiring an additional 31,529 shares during the period. Allianz Asset Management GmbH’s holdings in Telephone and Data Systems were worth $13,370,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Telephone and Data Systems by 21.4% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 8,500 shares of the Wireless communications provider’s stock worth $329,000 after buying an additional 1,500 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Telephone and Data Systems by 8.0% in the 1st quarter. Sequoia Financial Advisors LLC now owns 6,544 shares of the Wireless communications provider’s stock valued at $254,000 after purchasing an additional 485 shares during the period. Oppenheimer & Co. Inc. acquired a new position in shares of Telephone and Data Systems in the 1st quarter valued at about $215,000. GAMMA Investing LLC lifted its stake in shares of Telephone and Data Systems by 8.7% in the 1st quarter. GAMMA Investing LLC now owns 6,243 shares of the Wireless communications provider’s stock valued at $242,000 after purchasing an additional 501 shares during the period. Finally, Integrity Alliance LLC. acquired a new position in shares of Telephone and Data Systems in the 1st quarter valued at about $336,000. Institutional investors own 80.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TDS. Zacks Research raised Telephone and Data Systems from a “strong sell” rating to a “hold” rating in a research note on Wednesday, August 13th. JPMorgan Chase & Co. boosted their target price on 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. Weiss Ratings raised 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 boosted their target price on 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. Finally, Wall Street Zen raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. Two equities research 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 currently has an average rating of “Moderate Buy” and an average price target of $52.00.

Telephone and Data Systems Stock Performance

Shares of TDS opened at $38.81 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.65 and a current ratio of 1.78. The stock has a 50 day moving average price of $38.88 and a two-hundred day moving average price of $36.95. The firm has a market capitalization of $4.46 billion, a P/E ratio of -40.01 and a beta of 0.39. Telephone and Data Systems, Inc. has a 52 week low of $26.95 and a 52 week high of $42.74.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data 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). The company had revenue of $1.19 billion for 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 period in the prior year, the firm posted ($0.13) earnings per share. Equities analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Telephone and Data Systems’s dividend payout ratio is currently -16.49%.

Insiders Place Their Bets

In other news, CAO Anita J. Kroll sold 29,047 shares of the company’s stock in a transaction that occurred on Tuesday, August 12th. The stock was sold at an average price of $39.02, for a total value of $1,133,413.94. Following the completion of the transaction, the chief accounting officer directly owned 19,892 shares of the company’s stock, valued at $776,185.84. This represents a 59.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Joseph R. Hanley sold 68,759 shares of the company’s stock in a transaction that occurred on Monday, August 18th. The shares were sold at an average price of $38.16, for a total value of $2,623,843.44. Following the completion of the transaction, the senior vice president directly owned 60,473 shares of the company’s stock, valued at approximately $2,307,649.68. This represents a 53.21% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 276,650 shares of company stock valued at $10,690,789. Insiders own 14.48% of the company’s stock.

Telephone and Data Systems 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.