Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Shell Asset Management Co.

Shell Asset Management Co. decreased its holdings in Telephone and Data Systems, Inc. (NYSE:TDSGet Rating) by 12.8% in the first quarter, HoldingsChannel.com reports. The firm owned 18,764 shares of the Wireless communications provider’s stock after selling 2,745 shares during the quarter. Shell Asset Management Co.’s holdings in Telephone and Data Systems were worth $354,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of TDS. Allspring Global Investments Holdings LLC acquired a new position in Telephone and Data Systems in the 4th quarter worth about $1,073,000. Yousif Capital Management LLC acquired a new position in Telephone and Data Systems in the 4th quarter worth about $2,021,000. D.A. Davidson & CO. raised its holdings in Telephone and Data Systems by 18.3% in the 4th quarter. D.A. Davidson & CO. now owns 17,053 shares of the Wireless communications provider’s stock worth $344,000 after purchasing an additional 2,641 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Telephone and Data Systems by 93.0% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 14,511 shares of the Wireless communications provider’s stock worth $292,000 after purchasing an additional 6,991 shares during the period. Finally, New York State Common Retirement Fund raised its holdings in Telephone and Data Systems by 36.3% in the 4th quarter. New York State Common Retirement Fund now owns 99,270 shares of the Wireless communications provider’s stock worth $2,000,000 after purchasing an additional 26,430 shares during the period. Institutional investors and hedge funds own 86.34% of the company’s stock.

Telephone and Data Systems Price Performance

NYSE:TDS opened at $16.15 on Friday. Telephone and Data Systems, Inc. has a 12 month low of $14.46 and a 12 month high of $21.47. The stock has a 50 day moving average of $15.86 and a two-hundred day moving average of $17.89. The company has a current ratio of 1.87, a quick ratio of 1.70 and a debt-to-equity ratio of 0.63. The firm has a market cap of $1.85 billion, a P/E ratio of 18.15 and a beta of 1.02.

Telephone and Data Systems (NYSE:TDSGet Rating) last posted its quarterly earnings results on Thursday, August 4th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.04 by $0.11. Telephone and Data Systems had a return on equity of 2.81% and a net margin of 2.99%. During the same period last year, the firm earned $0.17 earnings per share. On average, analysts expect that Telephone and Data Systems, Inc. will post 0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 30th. Investors of record on Wednesday, June 15th were given a $0.18 dividend. The ex-dividend date was Tuesday, June 14th. This represents a $0.72 annualized dividend and a yield of 4.46%. Telephone and Data Systems’s payout ratio is 80.90%.

Insider Buying and Selling

In related news, Director Clarence A. Davis sold 4,300 shares of the stock in a transaction that occurred on Wednesday, May 25th. The stock was sold at an average price of $18.33, for a total value of $78,819.00. Following the completion of the transaction, the director now directly owns 15,511 shares in the company, valued at $284,316.63. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 14.08% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Morgan Stanley lowered Telephone and Data Systems from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective for the company. in a research note on Tuesday, April 19th.

About Telephone and Data Systems

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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, routers, 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.

See Also

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

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