XTX Topco Ltd Buys Shares of 33,850 Telephone and Data Systems, Inc. $TDS

XTX Topco Ltd purchased a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the 2nd quarter, HoldingsChannel.com reports. The institutional investor purchased 33,850 shares of the Wireless communications provider’s stock, valued at approximately $1,204,000.

Several other institutional investors also recently modified their holdings of TDS. Nuveen LLC bought a new position in shares of Telephone and Data Systems in the 1st quarter valued at $43,429,000. Carronade Capital Management LP increased its holdings in Telephone and Data Systems by 48.2% in the 1st quarter. Carronade Capital Management LP now owns 2,730,517 shares of the Wireless communications provider’s stock worth $105,780,000 after purchasing an additional 888,108 shares in the last quarter. Third Point LLC increased its holdings in Telephone and Data Systems by 12.7% in the 1st quarter. Third Point LLC now owns 6,760,000 shares of the Wireless communications provider’s stock worth $261,882,000 after purchasing an additional 760,000 shares in the last quarter. 140 Summer Partners LP bought a new position in Telephone and Data Systems in the first quarter valued at about $21,216,000. Finally, Hawk Ridge Capital Management LP acquired a new stake in shares of Telephone and Data Systems during the first quarter valued at about $19,141,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Anita J. Kroll sold 16,217 shares of the firm’s stock in a transaction dated Monday, November 10th. The stock was sold at an average price of $39.02, for a total value of $632,787.34. Following the completion of the sale, the chief accounting officer directly owned 870 shares in the company, valued at $33,947.40. This trade represents a 94.91% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 14.97% of the stock is owned by company insiders.

Telephone and Data Systems Price Performance

Telephone and Data Systems stock opened at $40.27 on Friday. The stock has a market capitalization of $4.63 billion, a price-to-earnings ratio of -41.52 and a beta of 0.35. Telephone and Data Systems, Inc. has a 52-week low of $31.07 and a 52-week high of $42.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.65 and a current ratio of 1.78. The stock’s 50 day moving average price is $38.70 and its two-hundred day moving average price is $37.60.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, November 7th. The Wireless communications provider reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.06) by $0.13. The company had revenue of $308.52 million for the quarter, compared to the consensus estimate of $1.16 billion. Telephone and Data Systems had a negative net margin of 0.85% and a positive return on equity of 0.92%. Telephone and Data Systems’s quarterly revenue was down 5.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.73) EPS. On average, equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Stockholders of record on Monday, December 15th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, December 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Telephone and Data Systems’s dividend payout ratio is currently -14.81%.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Zacks Research upgraded Telephone and Data Systems from a “hold” rating to a “strong-buy” rating in a report on Friday, November 7th. JPMorgan Chase & Co. increased 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 report on Tuesday, August 12th. Citigroup assumed coverage on shares of Telephone and Data Systems in a research report on Wednesday. They issued a “buy” rating and a $45.00 price target on the stock. Wall Street Zen lowered shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Saturday, November 15th. Finally, Raymond James Financial lifted their target price on shares of Telephone and Data Systems from $49.00 to $50.00 and gave the stock an “outperform” rating in a research note on Tuesday, August 12th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, Telephone and Data Systems has an average rating of “Moderate Buy” and a consensus target price of $49.67.

About Telephone and Data Systems

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.