Insider Selling: Telephone and Data Systems, Inc. (NYSE:TDS) CFO Sells 58,452 Shares of Stock

Telephone and Data Systems, Inc. CFO Vicki L. Villacrez sold 58,452 shares of stock at an average price of $38.56, totaling $2,253,909.12, representing a 68.57% decrease in her ownership. Post-sale, she holds 26,788 shares valued at approximately $1,032,945.28. The sale was disclosed to the SEC. The company recently reported a quarterly EPS of ($0.05), missing estimates, with revenue of $1.19 billion. A quarterly dividend of $0.04 will be paid on September 30th to shareholders of record on September 15th.

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) CFO Vicki L. Villacrez sold 58,452 shares of the company's stock in a transaction that occurred on Friday, August 15th. The shares were sold at an average price of $38.56, for a total transaction of $2,253,909.12. Following the completion of the transaction, the chief financial officer owned 26,788 shares of the company's stock, valued at approximately $1,032,945.28. This trade represents a 68.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

Telephone and Data Systems Trading Down 0.8%

2 Mid-Cap Telecom Stocks Offering Superior Returns

Shares of TDS opened at $38.51 on Friday. The company has a quick ratio of 1.55, a current ratio of 1.78 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a twelve month low of $20.04 and a twelve month high of $42.74. The stock has a market capitalization of $4.39 billion, a P/E ratio of -39.70 and a beta of 0.54. The firm has a fifty day simple moving average of $36.92 and a two-hundred day simple moving average of $36.26.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share (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 analysts' expectations of $1.17 billion. Telephone and Data Systems had a negative net margin of 0.85% and a positive return on equity of 0.92%. The business's revenue was down 5.7% compared to the same quarter last year. During the same period in the previous year, the business earned ($0.13) EPS. On average, research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

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The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Monday, September 15th will be issued a $0.04 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. Telephone and Data Systems's payout ratio is currently -16.49%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on TDS shares. Wall Street Zen cut shares of Telephone and Data Systems from a "hold" rating to a "sell" rating in a report on Saturday, August 9th. Raymond James Financial boosted their price target on shares of Telephone and Data Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a report on Tuesday. Finally, JPMorgan Chase & Co. boosted their target price on shares of Telephone and Data Systems from $53.00 to $54.00 and gave the company an "overweight" rating in a research note on Tuesday.

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View Our Latest Stock Report on Telephone and Data Systems

Hedge Funds Weigh In On Telephone and Data Systems

Several hedge funds have recently modified their holdings of the stock. Federated Hermes Inc. acquired a new position in Telephone and Data Systems in the 4th quarter valued at $56,000. Bank of Montreal Can grew its position in Telephone and Data Systems by 5.5% in the 4th quarter. Bank of Montreal Can now owns 42,642 shares of the Wireless communications provider's stock valued at $1,455,000 after acquiring an additional 2,241 shares in the last quarter. Raymond James Financial Inc. acquired a new position in Telephone and Data Systems in the 4th quarter valued at about $5,619,000. Sterling Capital Management LLC boosted its stake in shares of Telephone and Data Systems by 33.7% in the 4th quarter. Sterling Capital Management LLC now owns 11,238 shares of the Wireless communications provider's stock valued at $383,000 after buying an additional 2,835 shares during the period. Finally, Summit Investment Advisors Inc. increased its stake in Telephone and Data Systems by 4.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider's stock valued at $352,000 after purchasing an additional 482 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Company Profile

(Get Free Report)

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.