SG Americas Securities LLC Has $735,000 Holdings in Telephone and Data Systems, Inc. (TDS)

SG Americas Securities LLC decreased its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 21.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,346 shares of the Wireless communications provider’s stock after selling 7,044 shares during the period. SG Americas Securities LLC’s holdings in Telephone and Data Systems were worth $735,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in TDS. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of Telephone and Data Systems by 11.4% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,795 shares of the Wireless communications provider’s stock valued at $105,000 after purchasing an additional 387 shares in the last quarter. Sei Investments Co. increased its holdings in shares of Telephone and Data Systems by 13.9% in the second quarter. Sei Investments Co. now owns 4,868 shares of the Wireless communications provider’s stock valued at $135,000 after purchasing an additional 594 shares in the last quarter. World Asset Management Inc acquired a new stake in shares of Telephone and Data Systems in the third quarter valued at approximately $203,000. Wedge Capital Management L L P NC acquired a new stake in shares of Telephone and Data Systems in the second quarter valued at approximately $209,000. Finally, Smith Moore & CO. acquired a new stake in shares of Telephone and Data Systems in the third quarter valued at approximately $215,000. Hedge funds and other institutional investors own 83.79% of the company’s stock.

A number of analysts have commented on TDS shares. Drexel Hamilton raised shares of Telephone and Data Systems from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research lowered shares of Telephone and Data Systems from a “buy” rating to a “hold” rating in a report on Wednesday, November 15th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. Telephone and Data Systems has a consensus rating of “Hold” and a consensus target price of $29.00.

Shares of Telephone and Data Systems, Inc. (NYSE TDS) traded down $1.05 during mid-day trading on Thursday, hitting $26.72. 711,500 shares of the stock traded hands, compared to its average volume of 684,295. Telephone and Data Systems, Inc. has a one year low of $24.57 and a one year high of $32.97. The firm has a market cap of $3,082.47, a price-to-earnings ratio of 61.71 and a beta of 0.98. The company has a quick ratio of 2.29, a current ratio of 2.42 and a debt-to-equity ratio of 0.54.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Wednesday, November 8th. The Wireless communications provider reported $0.08 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.17 by ($0.09). The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $1.26 billion. Telephone and Data Systems had a negative net margin of 2.77% and a positive return on equity of 1.08%. Telephone and Data Systems’s quarterly revenue was down 4.8% on a year-over-year basis. During the same period last year, the firm earned $0.11 EPS. sell-side analysts predict that Telephone and Data Systems, Inc. will post -1.27 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, December 28th. Investors of record on Friday, December 15th will be given a $0.155 dividend. The ex-dividend date of this dividend is Thursday, December 14th. This represents a $0.62 annualized dividend and a yield of 2.32%. Telephone and Data Systems’s dividend payout ratio is currently -48.82%.

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About Telephone and Data Systems

Telephone and Data Systems, Inc is a diversified telecommunications company. The Company is engaged in conducting its Wireless operations through its subsidiary, United States Cellular Corporation (U.S. Cellular), as well as providing its wireline services, cable services, and hosted and managed services (HMS), through its subsidiary, TDS Telecommunications Corporation (TDS Telecom).

Institutional Ownership by Quarter for Telephone and Data Systems (NYSE:TDS)

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