Xact Kapitalforvaltning AB bought a new stake in Telephone & Data Systems, Inc. (NYSE:TDS) in the 4th quarter, HoldingsChannel reports. The firm bought 12,625 shares of the Wireless communications provider’s stock, valued at approximately $351,000.
Other large investors also recently modified their holdings of the company. KBC Group NV purchased a new position in shares of Telephone & Data Systems during the 3rd quarter worth $1,050,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Telephone & Data Systems during the 3rd quarter worth $465,000. New Mexico Educational Retirement Board purchased a new position in shares of Telephone & Data Systems during the 4th quarter worth $631,000. Investors Research Corp purchased a new position in shares of Telephone & Data Systems during the 4th quarter worth $341,000. Finally, Renaissance Technologies LLC grew its holdings in shares of Telephone & Data Systems by 4.7% during the 4th quarter. Renaissance Technologies LLC now owns 2,897,408 shares of the Wireless communications provider’s stock worth $80,548,000 after purchasing an additional 130,300 shares during the period. Institutional investors own 82.33% of the company’s stock.
In related news, Director David A. Wittwer sold 285,704 shares of the stock in a transaction dated Wednesday, February 28th. The stock was sold at an average price of $27.20, for a total transaction of $7,771,148.80. Following the transaction, the director now owns 117,710 shares of the company’s stock, valued at approximately $3,201,712. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider Scott H. Williamson sold 28,714 shares of the stock in a transaction dated Wednesday, March 28th. The stock was sold at an average price of $27.92, for a total value of $801,694.88. Following the transaction, the insider now directly owns 18,353 shares in the company, valued at approximately $512,415.76. The disclosure for this sale can be found here. 17.30% of the stock is currently owned by corporate insiders.
TDS opened at $28.15 on Monday. Telephone & Data Systems, Inc. has a 12-month low of $23.54 and a 12-month high of $29.87. The company has a current ratio of 2.14, a quick ratio of 1.98 and a debt-to-equity ratio of 0.50. The stock has a market cap of $3,128.00, a P/E ratio of 53.11, a PEG ratio of 5.98 and a beta of 0.81.
Telephone & Data Systems (NYSE:TDS) last posted its earnings results on Friday, February 23rd. The Wireless communications provider reported $0.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.02) by $0.07. Telephone & Data Systems had a return on equity of 1.30% and a net margin of 3.03%. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.29 billion. During the same quarter in the prior year, the company earned ($0.05) EPS. Telephone & Data Systems’s revenue was up 1.2% on a year-over-year basis. equities analysts forecast that Telephone & Data Systems, Inc. will post 0.52 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Thursday, March 29th. Investors of record on Friday, March 16th were paid a dividend of $0.16 per share. This is a positive change from Telephone & Data Systems’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, March 15th. This represents a $0.64 annualized dividend and a yield of 2.27%. Telephone & Data Systems’s dividend payout ratio is presently 120.75%.
A number of equities analysts have recently weighed in on TDS shares. ValuEngine upgraded Telephone & Data Systems from a “sell” rating to a “hold” rating in a report on Thursday, March 1st. Zacks Investment Research upgraded Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Wednesday, February 28th. Finally, TheStreet upgraded Telephone & Data Systems from a “c+” rating to a “b-” rating in a report on Friday, March 23rd. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Telephone & Data Systems has an average rating of “Buy” and a consensus price target of $30.00.
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Telephone & Data Systems Company Profile
Telephone and Data Systems, Inc, a telecommunications company, provides wireless, wireline, cable, and hosted and managed services in the United States. The company offers cellular services, such as postpaid national plans and prepaid service plans with voice, messaging, and data usage options; and business rate plans.
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