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Telephone and Data Systems, Inc. (NYSE:TDS) Short Interest Update

kopsource ·  09/17 10:02

Telephone and Data Systems, Inc. (NYSE:TDS – Get Rating) saw a significant decline in short interest in August. As of August 31st, there was short interest totalling 2,830,000 shares, a decline of 22.5% from the August 15th total of 3,650,000 shares. Based on an average daily volume of 984,000 shares, the days-to-cover ratio is currently 2.9 days. Currently, 2.9% of the shares of the stock are sold short.

Telephone and Data Systems Price Performance

TDS traded up $0.03 during midday trading on Friday, hitting $15.63. The stock had a trading volume of 1,339,320 shares, compared to its average volume of 981,725. The company has a market cap of $1.79 billion, a P/E ratio of 17.97 and a beta of 0.99. The business has a fifty day moving average of $16.15 and a 200 day moving average of $17.31. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.49 and a current ratio of 1.66. Telephone and Data Systems has a 1 year low of $14.46 and a 1 year high of $21.47.

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Telephone and Data Systems (NYSE:TDS – Get Rating) last issued its earnings results on Thursday, August 4th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.11. Telephone and Data Systems had a return on equity of 2.95% and a net margin of 3.11%. During the same period last year, the company earned $0.17 earnings per share. As a group, equities analysts forecast that Telephone and Data Systems will post 0.41 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Thursday, September 15th will be paid a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 4.61%. The ex-dividend date is Wednesday, September 14th. Telephone and Data Systems's dividend payout ratio is currently 82.76%.

Institutional Trading of Telephone and Data Systems

Several hedge funds and other institutional investors have recently bought and sold shares of TDS. Advisor Group Holdings Inc. boosted its stake in Telephone and Data Systems by 8.0% in the fourth quarter. Advisor Group Holdings Inc. now owns 6,892 shares of the Wireless communications provider's stock worth $139,000 after buying an additional 512 shares in the last quarter. Envestnet Asset Management Inc. lifted its position in Telephone and Data Systems by 12.9% in the fourth quarter. Envestnet Asset Management Inc. now owns 48,458 shares of the Wireless communications provider's stock valued at $976,000 after purchasing an additional 5,552 shares during the last quarter. Bank of America Corp DE lifted its position in Telephone and Data Systems by 18.3% in the fourth quarter. Bank of America Corp DE now owns 606,584 shares of the Wireless communications provider's stock valued at $12,223,000 after purchasing an additional 93,831 shares during the last quarter. Principal Financial Group Inc. lifted its position in Telephone and Data Systems by 43.1% in the fourth quarter. Principal Financial Group Inc. now owns 819,305 shares of the Wireless communications provider's stock valued at $16,509,000 after purchasing an additional 246,580 shares during the last quarter. Finally, Teacher Retirement System of Texas lifted its position in Telephone and Data Systems by 20.6% in the fourth quarter. Teacher Retirement System of Texas now owns 18,741 shares of the Wireless communications provider's stock valued at $378,000 after purchasing an additional 3,200 shares during the last quarter. Hedge funds and other institutional investors own 82.54% of the company's stock.

About Telephone and Data Systems

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Telephone and Data Systems, Inc, a telecommunications company, provides communications services in the United States. It operates through two segments: UScellular and TDS Telecom. The company offers wireless solutions to consumers and business and government customers, including a suite of connected Internet of things (IoT) solutions, and software applications for monitor and control, business automation/operations, communication, fleet and asset management, smart water solutions, private cellular networks and custom, and end-to-end IoT solutions; wireless priority services and quality priority and preemption options; smartphones and other handsets, tablets, wearables, mobile hotspots, routers, and IoT devices; and accessories, such as cases, screen protectors, chargers, and memory cards, as well as consumer electronics, including audio, home automation and networking products.

Further Reading

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