Telephone & Data Systems, Inc. (TDS) Director Sells $106,640.00 in Stock

Telephone & Data Systems, Inc. (NYSE:TDS) Director Mitchell H. Saranow sold 4,000 shares of the business’s stock in a transaction dated Wednesday, June 13th. The stock was sold at an average price of $26.66, for a total value of $106,640.00. Following the sale, the director now owns 15,964 shares in the company, valued at approximately $425,600.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

Telephone & Data Systems traded up $0.59, hitting $27.06, on Thursday, according to Marketbeat Ratings. 635,049 shares of the company were exchanged, compared to its average volume of 670,802. The company has a current ratio of 2.72, a quick ratio of 2.52 and a debt-to-equity ratio of 0.47. The company has a market cap of $2.95 billion, a PE ratio of 50.72 and a beta of 0.77. Telephone & Data Systems, Inc. has a twelve month low of $23.54 and a twelve month high of $29.87.

Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings data on Tuesday, May 1st. The Wireless communications provider reported $0.34 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.18 by $0.16. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.25 billion. Telephone & Data Systems had a return on equity of 1.32% and a net margin of 3.08%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.33 EPS. research analysts forecast that Telephone & Data Systems, Inc. will post 0.48 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 29th. Shareholders of record on Friday, June 15th will be issued a dividend of $0.16 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $0.64 annualized dividend and a yield of 2.37%. Telephone & Data Systems’s payout ratio is presently 120.75%.

Several research firms have issued reports on TDS. ValuEngine downgraded Telephone & Data Systems from a “hold” rating to a “sell” rating in a report on Wednesday, May 2nd. Raymond James upgraded Telephone & Data Systems from a “market perform” rating to an “outperform” rating in a report on Wednesday, May 2nd. Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “strong-buy” rating and set a $31.00 price objective on the stock in a report on Tuesday, May 1st. Finally, TheStreet upgraded Telephone & Data Systems from a “c+” rating to a “b-” rating in a report on Friday, March 23rd. One analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and an average price target of $31.00.

Several institutional investors and hedge funds have recently modified their holdings of the company. Systematic Financial Management LP increased its holdings in shares of Telephone & Data Systems by 4.0% in the 1st quarter. Systematic Financial Management LP now owns 52,170 shares of the Wireless communications provider’s stock valued at $1,462,000 after purchasing an additional 2,020 shares during the period. American International Group Inc. increased its holdings in shares of Telephone & Data Systems by 1.2% in the 4th quarter. American International Group Inc. now owns 189,917 shares of the Wireless communications provider’s stock valued at $5,280,000 after purchasing an additional 2,241 shares during the period. Kiwi Wealth Investments Limited Partnership increased its holdings in shares of Telephone & Data Systems by 4.1% in the 1st quarter. Kiwi Wealth Investments Limited Partnership now owns 57,590 shares of the Wireless communications provider’s stock valued at $1,614,000 after purchasing an additional 2,256 shares during the period. Private Management Group Inc. increased its holdings in shares of Telephone & Data Systems by 0.4% in the 4th quarter. Private Management Group Inc. now owns 559,769 shares of the Wireless communications provider’s stock valued at $15,562,000 after purchasing an additional 2,500 shares during the period. Finally, ING Groep NV increased its holdings in shares of Telephone & Data Systems by 23.2% in the 4th quarter. ING Groep NV now owns 13,842 shares of the Wireless communications provider’s stock valued at $385,000 after purchasing an additional 2,607 shares during the period. Institutional investors own 82.79% of the company’s stock.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.

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