Telephone and Data Systems, Inc. $TDS Shares Sold by Amundi

Amundi cut its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 14.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 51,973 shares of the Wireless communications provider’s stock after selling 8,947 shares during the quarter. Amundi’s holdings in Telephone and Data Systems were worth $1,968,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Bayforest Capital Ltd lifted its holdings in Telephone and Data Systems by 121.8% in the first quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider’s stock valued at $52,000 after acquiring an additional 737 shares during the period. Lazard Asset Management LLC increased its position in shares of Telephone and Data Systems by 85.6% in the fourth quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider’s stock valued at $139,000 after buying an additional 1,887 shares in the last quarter. Forum Financial Management LP purchased a new stake in shares of Telephone and Data Systems in the first quarter valued at approximately $200,000. Greenleaf Trust purchased a new stake in shares of Telephone and Data Systems in the first quarter valued at approximately $202,000. Finally, Highland Capital Management LLC purchased a new stake in shares of Telephone and Data Systems in the first quarter valued at approximately $205,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CFO Vicki L. Villacrez sold 73,878 shares of the company’s stock in a transaction on Wednesday, August 13th. The stock was sold at an average price of $38.88, for a total value of $2,872,376.64. Following the transaction, the chief financial officer owned 81,035 shares of the company’s stock, valued at $3,150,640.80. This represents a 47.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Prudence E. Carlson sold 6,320 shares of the company’s stock in a transaction on Thursday, August 14th. The shares were sold at an average price of $38.05, for a total value of $240,476.00. Following the completion of the transaction, the director directly owned 315,457 shares in the company, valued at approximately $12,003,138.85. This trade represents a 1.96% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 276,650 shares of company stock worth $10,690,789. Company insiders own 14.97% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on TDS shares. Zacks Research upgraded Telephone and Data Systems from a “strong sell” rating to a “hold” rating in a research report on Wednesday, August 13th. Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Sunday, August 17th. JPMorgan Chase & Co. boosted their price target on Telephone and Data Systems from $53.00 to $54.00 and gave the stock an “overweight” rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial boosted their price target on Telephone and Data Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Tuesday, August 12th. Two research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Telephone and Data Systems presently has an average rating of “Moderate Buy” and a consensus target price of $52.00.

Telephone and Data Systems Stock Down 0.3%

Shares of NYSE:TDS opened at $39.25 on Friday. 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 business has a fifty day moving average of $38.81 and a two-hundred day moving average of $36.52. The stock has a market cap of $4.51 billion, a P/E ratio of -40.46 and a beta of 0.48. Telephone and Data Systems, Inc. has a 52-week low of $22.51 and a 52-week high of $42.74.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) EPS for the quarter, missing the consensus estimate 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 business had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. During the same period last year, the company earned ($0.13) EPS. The business’s revenue for the quarter was down 5.7% on a year-over-year basis. On average, research 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 firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Monday, September 15th. Telephone and Data Systems’s dividend payout ratio is -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.