Telephone & Data Systems, Inc. (TDS) Position Trimmed by SG Americas Securities LLC

SG Americas Securities LLC cut its holdings in shares of Telephone & Data Systems, Inc. (NYSE:TDS) by 50.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 112,154 shares of the Wireless communications provider’s stock after selling 112,225 shares during the quarter. SG Americas Securities LLC’s holdings in Telephone & Data Systems were worth $3,413,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Steward Partners Investment Advisory LLC acquired a new stake in shares of Telephone & Data Systems in the third quarter valued at about $100,000. Advisors Preferred LLC acquired a new stake in shares of Telephone & Data Systems in the second quarter valued at about $134,000. Point72 Hong Kong Ltd acquired a new stake in shares of Telephone & Data Systems in the second quarter valued at about $160,000. Sun Life Financial INC acquired a new stake in shares of Telephone & Data Systems in the second quarter valued at about $178,000. Finally, Macquarie Group Ltd. grew its stake in shares of Telephone & Data Systems by 38.9% in the second quarter. Macquarie Group Ltd. now owns 7,500 shares of the Wireless communications provider’s stock valued at $206,000 after buying an additional 2,100 shares in the last quarter. Hedge funds and other institutional investors own 82.68% of the company’s stock.

A number of equities research analysts have recently issued reports on the company. Zacks Investment Research lowered Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Wednesday. B. Riley set a $42.00 target price on Telephone & Data Systems and gave the company a “buy” rating in a research note on Wednesday, November 7th. Raymond James increased their target price on Telephone & Data Systems from $31.00 to $36.00 and gave the company a “buy” rating in a research note on Tuesday, November 6th. ValuEngine upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Finally, Citigroup raised their price objective on Telephone & Data Systems from $37.00 to $39.00 and gave the company a “buy” rating in a research note on Wednesday, August 8th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $37.20.

In other Telephone & Data Systems news, VP Peter L. Sereda sold 10,998 shares of the stock in a transaction that occurred on Tuesday, November 13th. The stock was sold at an average price of $35.31, for a total transaction of $388,339.38. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO James W. Butman sold 37,600 shares of the stock in a transaction that occurred on Friday, November 9th. The stock was sold at an average price of $35.50, for a total value of $1,334,800.00. Following the transaction, the chief executive officer now directly owns 33,380 shares in the company, valued at approximately $1,184,990. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 105,620 shares of company stock worth $3,633,637. 17.30% of the stock is currently owned by company insiders.

NYSE:TDS opened at $34.84 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.65 and a current ratio of 2.80. Telephone & Data Systems, Inc. has a 52 week low of $23.54 and a 52 week high of $35.80. The company has a market cap of $3.93 billion, a price-to-earnings ratio of 65.74 and a beta of 0.70.

Telephone & Data Systems (NYSE:TDS) last released its earnings results on Friday, November 2nd. The Wireless communications provider reported $0.41 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.16. Telephone & Data Systems had a return on equity of 2.43% and a net margin of 7.96%. The company had revenue of $1.30 billion for the quarter, compared to the consensus estimate of $1.29 billion. During the same quarter last year, the business posted $0.08 EPS. Telephone & Data Systems’s quarterly revenue was up 3.7% compared to the same quarter last year. On average, research analysts forecast that Telephone & Data Systems, Inc. will post 1.18 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be issued a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date is Thursday, December 13th. Telephone & Data Systems’s dividend payout ratio is presently 120.75%.

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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.

Further Reading: Bear Market – How and Why They Occur

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Institutional Ownership by Quarter for Telephone & Data Systems (NYSE:TDS)

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