Telephone and Data Systems, Inc. $TDS Shares Bought by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 4.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,309,590 shares of the Wireless communications provider’s stock after acquiring an additional 51,928 shares during the quarter. Ameriprise Financial Inc.’s holdings in Telephone and Data Systems were worth $50,734,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the business. Bayforest Capital Ltd boosted 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 purchasing an additional 737 shares in the last quarter. Lazard Asset Management LLC grew its position in Telephone and Data Systems by 85.6% during the 4th quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider’s stock worth $139,000 after purchasing an additional 1,887 shares during the last quarter. Forum Financial Management LP acquired a new position in Telephone and Data Systems in the 1st quarter valued at about $200,000. Greenleaf Trust acquired a new stake in Telephone and Data Systems during the 1st quarter worth approximately $202,000. Finally, Highland Capital Management LLC purchased a new position in Telephone and Data Systems in the 1st quarter valued at $205,000. 80.00% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Prudence E. Carlson sold 6,320 shares of the stock in a transaction dated Thursday, August 14th. The stock was sold at an average price of $38.05, for a total transaction of $240,476.00. Following the transaction, the director directly owned 315,457 shares in the company, valued at approximately $12,003,138.85. This represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CAO Anita J. Kroll sold 29,047 shares of the firm’s stock in a transaction dated Tuesday, August 12th. The stock was sold at an average price of $39.02, for a total value of $1,133,413.94. Following the completion of the sale, the chief accounting officer directly owned 19,892 shares in the company, valued at approximately $776,185.84. The trade was a 59.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,650 shares of company stock valued at $10,690,789. 14.97% of the stock is owned by company insiders.

Telephone and Data Systems Price Performance

Telephone and Data Systems stock opened at $40.06 on Thursday. The stock has a market capitalization of $4.61 billion, a P/E ratio of -41.30 and a beta of 0.54. Telephone and Data Systems, Inc. has a 12-month low of $21.81 and a 12-month high of $42.74. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.78 and a quick ratio of 1.65. The firm’s 50-day moving average is $37.72 and its two-hundred day moving average is $36.43.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The firm 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 quarterly revenue was down 5.7% on a year-over-year basis. During the same period in the previous year, the company posted ($0.13) EPS. Equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

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

Analyst Ratings Changes

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

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.