Insider Selling: Telephone & Data Systems, Inc. (TDS) SVP Sells 23,567 Shares of Stock

Telephone & Data Systems, Inc. (NYSE:TDS) SVP Jane W. Mccahon sold 23,567 shares of the firm’s stock in a transaction that occurred on Thursday, November 8th. The stock was sold at an average price of $34.98, for a total value of $824,373.66. Following the sale, the senior vice president now directly owns 17,511 shares of the company’s stock, valued at approximately $612,534.78. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

TDS stock traded up $0.24 during mid-day trading on Monday, hitting $35.97. 1,059,600 shares of the stock were exchanged, compared to its average volume of 727,887. The company has a quick ratio of 2.65, a current ratio of 2.80 and a debt-to-equity ratio of 0.46. Telephone & Data Systems, Inc. has a 12 month low of $23.54 and a 12 month high of $36.52. The firm has a market cap of $4.03 billion, a P/E ratio of 67.87 and a beta of 0.78.

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

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 28th. Shareholders of record on Friday, December 14th will be given a dividend of $0.16 per share. This represents a $0.64 dividend on an annualized basis and a yield of 1.78%. The ex-dividend date is Thursday, December 13th. Telephone & Data Systems’s payout ratio is 120.75%.

TDS has been the subject of a number of research reports. Zacks Investment Research cut Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Monday, October 8th. B. Riley set a $42.00 price target on Telephone & Data Systems and gave the stock a “buy” rating in a report on Wednesday, November 7th. ValuEngine upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating in a research note on Wednesday, October 3rd. Citigroup boosted their target price 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. Finally, Raymond James lifted their price target on Telephone & Data Systems from $31.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, November 6th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $37.20.

Several hedge funds have recently bought and sold shares of TDS. BlackRock Inc. grew its holdings in shares of Telephone & Data Systems by 12.5% during the 2nd quarter. BlackRock Inc. now owns 16,961,259 shares of the Wireless communications provider’s stock worth $465,075,000 after acquiring an additional 1,878,701 shares during the period. Acadian Asset Management LLC boosted its stake in Telephone & Data Systems by 78.7% during the 2nd quarter. Acadian Asset Management LLC now owns 908,070 shares of the Wireless communications provider’s stock valued at $24,902,000 after purchasing an additional 399,908 shares during the last quarter. Citadel Advisors LLC lifted its holdings in shares of Telephone & Data Systems by 125.0% during the 3rd quarter. Citadel Advisors LLC now owns 647,997 shares of the Wireless communications provider’s stock valued at $19,719,000 after buying an additional 359,956 shares during the period. Advisors Asset Management Inc. lifted its holdings in shares of Telephone & Data Systems by 163.9% during the 2nd quarter. Advisors Asset Management Inc. now owns 467,854 shares of the Wireless communications provider’s stock valued at $12,829,000 after buying an additional 290,598 shares during the period. Finally, First Trust Advisors LP lifted its holdings in shares of Telephone & Data Systems by 36.2% during the 3rd quarter. First Trust Advisors LP now owns 850,752 shares of the Wireless communications provider’s stock valued at $25,888,000 after buying an additional 226,098 shares during the period. Hedge funds and other institutional investors own 81.71% of the company’s stock.

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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.

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