Telephone & Data Systems, Inc. (NYSE:TDS) insider Scott H. Williamson sold 33,647 shares of the firm’s stock in a transaction dated Friday, June 21st. The shares were sold at an average price of $32.90, for a total value of $1,106,986.30. Following the transaction, the insider now directly owns 55,881 shares in the company, valued at $1,838,484.90. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of TDS stock traded up $0.65 during trading hours on Friday, reaching $31.79. The company’s stock had a trading volume of 440,618 shares, compared to its average volume of 796,381. The company has a market capitalization of $3.63 billion, a PE ratio of 27.17 and a beta of 1.04. Telephone & Data Systems, Inc. has a one year low of $24.00 and a one year high of $37.29. The business’s fifty day moving average is $30.69. The company has a debt-to-equity ratio of 0.62, a current ratio of 2.42 and a quick ratio of 2.25.
Telephone & Data Systems (NYSE:TDS) last issued its quarterly earnings data on Thursday, May 2nd. The Wireless communications provider reported $0.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.14. The firm had revenue of $1.26 billion for the quarter, compared to analyst estimates of $1.27 billion. Telephone & Data Systems had a return on equity of 2.92% and a net margin of 3.00%. The business’s quarterly revenue was up 2.6% compared to the same quarter last year. During the same period last year, the company earned $0.34 EPS. Analysts expect that Telephone & Data Systems, Inc. will post 1.23 earnings per share for the current year.
Several research firms recently issued reports on TDS. TheStreet lowered ZTO Express (Cayman) from a “b+” rating to a “c” rating in a research report on Wednesday, May 1st. Morgan Stanley raised their price target on Kimberly Clark from $132.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, June 18th. Zacks Investment Research lowered EXACT Sciences from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Finally, ValuEngine upgraded Zogenix from a “buy” rating to a “strong-buy” rating in a research report on Thursday, June 27th. One analyst has rated the stock with a hold rating and five have issued a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $39.30.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Macquarie Group Ltd. lifted its stake in shares of Telephone & Data Systems by 30.8% in the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the Wireless communications provider’s stock valued at $55,000 after purchasing an additional 400 shares during the period. Fort L.P. lifted its stake in shares of Telephone & Data Systems by 188.8% in the 4th quarter. Fort L.P. now owns 2,238 shares of the Wireless communications provider’s stock valued at $73,000 after purchasing an additional 1,463 shares during the period. Quadrant Capital Group LLC lifted its stake in shares of Telephone & Data Systems by 944.9% in the 1st quarter. Quadrant Capital Group LLC now owns 2,351 shares of the Wireless communications provider’s stock valued at $69,000 after purchasing an additional 2,126 shares during the period. Doyle Wealth Management purchased a new position in shares of Telephone & Data Systems in the 4th quarter valued at approximately $84,000. Finally, Hanseatic Management Services Inc. purchased a new position in Telephone & Data Systems during the first quarter valued at $122,000. Institutional investors own 80.90% of the company’s stock.
Telephone & Data Systems Company Profile
Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.
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