SG Americas Securities LLC Cuts Stock Holdings in Telephone and Data Systems, Inc. $TDS

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

Several other large investors have also bought and sold shares of the stock. Salomon & Ludwin LLC boosted its holdings 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 acquiring an additional 231 shares during the last quarter. JPL Wealth Management LLC purchased a new stake in shares of Telephone and Data Systems in the third quarter valued at about $33,000. Caitong International Asset Management Co. Ltd lifted its position in shares of Telephone and Data Systems by 2,779.5% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock valued at $46,000 after purchasing an additional 1,084 shares in the last quarter. EverSource Wealth Advisors LLC boosted its holdings in Telephone and Data Systems by 191.3% during 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 purchased a new position in Telephone and Data Systems during the fourth quarter worth about $91,000. 80.00% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

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

Telephone and Data Systems Trading Down 0.4%

Shares of TDS stock opened at $35.21 on Wednesday. The company has a 50 day moving average of $40.26 and a 200-day moving average of $42.57. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16. Telephone and Data Systems, Inc. has a 12-month low of $35.13 and a 12-month high of $49.12. The firm has a market cap of $4.01 billion, a P/E ratio of 66.44 and a beta of 0.30.

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

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were paid a $0.04 dividend. The ex-dividend date was Tuesday, June 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.5%. Telephone and Data Systems’s payout ratio is presently 30.19%.

About Telephone and Data Systems

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.