Telephone & Data Systems Target of Unusually High Options Trading (TDS)

Telephone & Data Systems, Inc. (NYSE:TDS) was the target of unusually large options trading activity on Monday. Stock investors bought 2,458 call options on the company. This is an increase of 1,776% compared to the typical volume of 131 call options.

Several institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. lifted its holdings in shares of Telephone & Data Systems by 4.0% in the 2nd quarter. BlackRock Inc. now owns 17,438,950 shares of the Wireless communications provider’s stock worth $483,932,000 after acquiring an additional 665,746 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of Telephone & Data Systems by 1.0% in the 2nd quarter. Vanguard Group Inc. now owns 9,763,784 shares of the Wireless communications provider’s stock worth $270,946,000 after acquiring an additional 95,665 shares during the last quarter. State Street Corp lifted its holdings in shares of Telephone & Data Systems by 38.3% in the 2nd quarter. State Street Corp now owns 9,044,177 shares of the Wireless communications provider’s stock worth $250,974,000 after acquiring an additional 2,505,860 shares during the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Telephone & Data Systems by 2.2% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,459,690 shares of the Wireless communications provider’s stock worth $208,051,000 after acquiring an additional 162,319 shares during the last quarter. Finally, AJO LP lifted its holdings in shares of Telephone & Data Systems by 432.0% in the 2nd quarter. AJO LP now owns 1,687,465 shares of the Wireless communications provider’s stock worth $46,827,000 after acquiring an additional 1,370,297 shares during the last quarter. Hedge funds and other institutional investors own 83.75% of the company’s stock.

Shares of Telephone & Data Systems (NYSE TDS) opened at $27.16 on Friday. The stock has a market cap of $3,010.00, a PE ratio of -21.39, a PEG ratio of 8.93 and a beta of 0.97. The company has a quick ratio of 2.29, a current ratio of 2.42 and a debt-to-equity ratio of 0.54. Telephone & Data Systems has a twelve month low of $24.57 and a twelve month high of $32.97.

Telephone & Data Systems (NYSE:TDS) last released its earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.17 by ($0.09). The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $1.26 billion. Telephone & Data Systems had a positive return on equity of 1.08% and a negative net margin of 2.77%. Telephone & Data Systems’s revenue was down 4.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.11 EPS. research analysts expect that Telephone & Data Systems will post -1.27 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, December 28th. Stockholders of record on Friday, December 15th were issued a $0.155 dividend. The ex-dividend date of this dividend was Thursday, December 14th. This represents a $0.62 annualized dividend and a dividend yield of 2.28%. Telephone & Data Systems’s dividend payout ratio (DPR) is presently -48.82%.

A number of equities analysts have commented on TDS shares. Zacks Investment Research cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Drexel Hamilton raised shares of Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Telephone & Data Systems has an average rating of “Hold” and an average target price of $29.00.

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Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

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