Citadel Advisors LLC boosted its stake in Telephone & Data Systems Inc. (NYSE:TDS) by 1,025.8% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 84,437 shares of the company’s stock after buying an additional 76,937 shares during the period. Citadel Advisors LLC’s holdings in Telephone & Data Systems were worth $2,295,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Sei Investments Co. boosted its position in Telephone & Data Systems by 243.4% in the second quarter. Sei Investments Co. now owns 4,955 shares of the company’s stock valued at $147,000 after buying an additional 3,512 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of Telephone & Data Systems by 76.2% in the second quarter. LS Investment Advisors LLC now owns 5,668 shares of the company’s stock valued at $168,000 after buying an additional 2,452 shares during the period. Quantbot Technologies LP bought a new position in shares of Telephone & Data Systems during the third quarter valued at approximately $192,000. Cubist Systematic Strategies LLC bought a new position in shares of Telephone & Data Systems during the second quarter valued at approximately $214,000. Finally, Parametrica Management Ltd bought a new position in shares of Telephone & Data Systems during the third quarter valued at approximately $204,000. 80.04% of the stock is owned by institutional investors.
Telephone & Data Systems Inc. (NYSE:TDS) traded up 0.44% during mid-day trading on Thursday, hitting $29.80. The stock had a trading volume of 400,179 shares. The stock has a market cap of $3.28 billion, a PE ratio of 69.46 and a beta of 1.22. Telephone & Data Systems Inc. has a 1-year low of $20.93 and a 1-year high of $32.00. The firm’s 50-day moving average price is $29.38 and its 200-day moving average price is $28.37.
Telephone & Data Systems (NYSE:TDS) last issued its earnings results on Friday, November 4th. The company reported $0.11 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by $0.05. Telephone & Data Systems had a net margin of 0.94% and a return on equity of 0.76%. The firm earned $1.30 billion during the quarter, compared to the consensus estimate of $1.32 billion. During the same period in the previous year, the firm earned $0.46 earnings per share. The business’s quarterly revenue was down 5.3% on a year-over-year basis. On average, equities analysts expect that Telephone & Data Systems Inc. will post $0.36 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, December 29th. Investors of record on Friday, December 16th were given a $0.148 dividend. This represents a $0.59 dividend on an annualized basis and a yield of 1.99%. The ex-dividend date was Wednesday, December 14th. Telephone & Data Systems’s payout ratio is 140.48%.
Several research analysts recently commented on TDS shares. Drexel Hamilton set a $38.00 price target on Telephone & Data Systems and gave the company a “buy” rating in a research report on Monday, October 3rd. Zacks Investment Research cut Telephone & Data Systems from a “hold” rating to a “sell” rating in a research report on Friday, November 11th.
In related news, insider David A. Wittwer sold 25,300 shares of the business’s stock in a transaction dated Monday, November 7th. The stock was sold at an average price of $25.38, for a total value of $642,114.00. Following the completion of the sale, the insider now directly owns 9,440 shares of the company’s stock, valued at approximately $239,587.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Douglas D. Shuma sold 54,347 shares of the business’s stock in a transaction dated Thursday, December 8th. The shares were sold at an average price of $29.13, for a total value of $1,583,128.11. Following the completion of the sale, the senior vice president now directly owns 28,099 shares of the company’s stock, valued at $818,523.87. The disclosure for this sale can be found here. Insiders sold a total of 108,926 shares of company stock valued at $3,074,306 over the last ninety days. 17.30% of the stock is currently owned by corporate insiders.
About Telephone & Data Systems
Telephone and Data Systems, Inc is a diversified telecommunications company. The Company conducts its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular). It provides Wireline services, cable services and hosted and managed services, through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).
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