Insider Selling: Telephone & Data Systems Director Unloads 3,266 Shares of Stock (TDS)
Telephone & Data Systems (NYSE:TDS) Director Prudence E. Carlson sold 3,266 shares of Telephone & Data Systems stock on the open market in a transaction dated Thursday, May 29th. The shares were sold at an average price of $27.13, for a total transaction of $88,606.58. Following the sale, the director now directly owns 49,740 shares in the company, valued at approximately $1,349,446. The transaction was disclosed in a filing with the SEC, which is available at this link.
Telephone & Data Systems (NYSE:TDS) traded up 1.58% during mid-day trading on Friday, hitting $27.62. 243,673 shares of the company’s stock traded hands. Telephone & Data Systems has a one year low of $21.30 and a one year high of $31.52. The stock has a 50-day moving average of $26.78 and a 200-day moving average of $26.22. The company has a market cap of $3.004 billion and a price-to-earnings ratio of 18.87.
Telephone & Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, May 2nd. The company reported $0.16 earnings per share for the quarter, beating the analysts’ consensus estimate of ($0.41) by $0.57. The company had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.20 billion. During the same quarter last year, the company posted $0.01 earnings per share. Telephone & Data Systems’s revenue was down 8.6% compared to the same quarter last year. Analysts expect that Telephone & Data Systems will post $-0.47 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, June 30th. Shareholders of record on Friday, June 13th will be given a dividend of $0.134 per share. This represents a $0.54 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date of this dividend is Wednesday, June 11th.
A number of research firms have recently commented on TDS. Analysts at Morgan Stanley upgraded shares of Telephone & Data Systems from an “underweight” rating to an “equal weight” rating in a research note on Friday. Separately, analysts at Zacks downgraded shares of Telephone & Data Systems from a “neutral” rating to an “underperform” rating in a research note on Thursday, March 13th. They now have a $21.00 price target on the stock. Finally, analysts at Raymond James cut their price target on shares of Telephone & Data Systems from $43.00 to $37.00 in a research note on Monday, March 3rd.
Telephone and Data Systems, Inc (NYSE:TDS) is a diversified telecommunications service company.
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