SG Americas Securities LLC Sells 26,839 Shares of Telephone and Data Systems, Inc. $TDS

SG Americas Securities LLC decreased its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 67.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 12,758 shares of the Wireless communications provider’s stock after selling 26,839 shares during the period. SG Americas Securities LLC’s holdings in Telephone and Data Systems were worth $537,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Salomon & Ludwin LLC increased its position in Telephone and Data Systems by 51.3% during the 4th quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after purchasing an additional 231 shares in the last quarter. JPL Wealth Management LLC acquired a new position in shares of Telephone and Data Systems during the third quarter worth $33,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Telephone and Data Systems by 2,779.5% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 1,084 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Telephone and Data Systems by 191.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after purchasing an additional 861 shares during the last quarter. Finally, CIBC Private Wealth Group LLC acquired a new stake in Telephone and Data Systems in the fourth quarter valued at $91,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have commented on TDS. Weiss Ratings downgraded Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Finally, Raymond James Financial lowered Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Two analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $53.33.

Telephone and Data Systems Trading Down 0.4%

Shares of Telephone and Data Systems stock opened at $35.21 on Wednesday. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. Telephone and Data Systems, Inc. has a 52 week low of $35.13 and a 52 week high of $49.12. The stock has a 50 day moving average price of $40.26 and a two-hundred day moving average price of $42.57. The stock has a market capitalization of $4.01 billion, a PE ratio of 66.44 and a beta of 0.30.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.87) by $1.98. The company had revenue of $309.45 million for the quarter, compared to analysts’ expectations of $313.27 million. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.Telephone and Data Systems’s quarterly revenue was up 6.5% compared to the same quarter last year. During the same period last year, the business earned ($0.09) EPS. As a group, equities analysts anticipate that Telephone and Data Systems, Inc. will post 0.94 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.5%. The ex-dividend date was Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently 30.19%.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.