SG Americas Securities LLC Purchases 30,670 Shares of Telephone and Data Systems, Inc. $TDS

SG Americas Securities LLC increased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 343.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 39,597 shares of the Wireless communications provider’s stock after purchasing an additional 30,670 shares during the period. SG Americas Securities LLC’s holdings in Telephone and Data Systems were worth $1,623,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Bessemer Group Inc. boosted its position in shares of Telephone and Data Systems by 65.6% during the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 277 shares during the period. Jones Financial Companies Lllp lifted its stake in shares of Telephone and Data Systems by 121.3% during the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 455 shares during the last quarter. JPL Wealth Management LLC purchased a new position in Telephone and Data Systems during the 3rd quarter valued at $33,000. EverSource Wealth Advisors LLC boosted its holdings in Telephone and Data Systems by 191.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock valued at $47,000 after acquiring an additional 861 shares during the period. Finally, Aster Capital Management DIFC Ltd grew its position in Telephone and Data Systems by 48.4% in the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,402 shares of the Wireless communications provider’s stock valued at $94,000 after acquiring an additional 783 shares during the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Trading Up 1.0%

Shares of NYSE TDS opened at $45.32 on Tuesday. Telephone and Data Systems, Inc. has a twelve month low of $31.07 and a twelve month high of $47.79. The firm has a market cap of $5.21 billion, a PE ratio of -69.73 and a beta of 0.31. The business has a fifty day simple moving average of $44.48 and a two-hundred day simple moving average of $41.35. The company has a quick ratio of 2.09, a current ratio of 2.10 and a debt-to-equity ratio of 0.20.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, February 20th. The Wireless communications provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.23. Telephone and Data Systems had a positive return on equity of 2.25% and a negative net margin of 0.21%.The business had revenue of $330.71 million for the quarter, compared to the consensus estimate of $319.28 million. During the same quarter in the prior year, the company earned ($0.10) EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Analysts expect 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 firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a $0.04 dividend. The ex-dividend date was Monday, March 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Telephone and Data Systems’s payout ratio is currently -24.62%.

Analysts Set New Price Targets

Several analysts have recently weighed in on the company. Wall Street Zen downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Sunday, March 1st. Zacks Research cut shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings raised shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Finally, Citigroup boosted their price objective on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research report on Monday, February 23rd. Three analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $53.33.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.