Brookstone Capital Management Takes $506,000 Position in Telephone & Data Systems, Inc. (TDS)

Share on StockTwits

Brookstone Capital Management bought a new position in Telephone & Data Systems, Inc. (NYSE:TDS) in the first quarter, according to the company in its most recent disclosure with the SEC. The fund bought 16,478 shares of the Wireless communications provider’s stock, valued at approximately $506,000.

A number of other large investors also recently bought and sold shares of TDS. Oregon Public Employees Retirement Fund boosted its stake in shares of Telephone & Data Systems by 3,122.2% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 1,181,853 shares of the Wireless communications provider’s stock worth $36,000 after acquiring an additional 1,145,175 shares during the last quarter. Macquarie Group Ltd. boosted its stake in shares of Telephone & Data Systems by 30.8% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the Wireless communications provider’s stock worth $55,000 after acquiring an additional 400 shares during the last quarter. Fort L.P. boosted its stake in shares of Telephone & Data Systems by 188.8% during the 4th quarter. Fort L.P. now owns 2,238 shares of the Wireless communications provider’s stock worth $73,000 after acquiring an additional 1,463 shares during the last quarter. Doyle Wealth Management purchased a new position in shares of Telephone & Data Systems during the 4th quarter worth $84,000. Finally, PNC Financial Services Group Inc. boosted its stake in shares of Telephone & Data Systems by 19.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 5,553 shares of the Wireless communications provider’s stock worth $181,000 after acquiring an additional 917 shares during the last quarter. 83.36% of the stock is owned by institutional investors and hedge funds.

TDS opened at $31.40 on Friday. The company has a debt-to-equity ratio of 0.46, a quick ratio of 2.48 and a current ratio of 2.65. Telephone & Data Systems, Inc. has a fifty-two week low of $24.00 and a fifty-two week high of $37.29. The firm has a market cap of $3.55 billion, a P/E ratio of 26.84 and a beta of 1.00.

Telephone & Data Systems (NYSE:TDS) last released its earnings results on Friday, February 22nd. The Wireless communications provider reported $0.14 earnings per share for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Telephone & Data Systems had a net margin of 2.62% and a return on equity of 2.57%. The firm had revenue of $1.33 billion for the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter last year, the firm posted $0.05 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. As a group, equities analysts expect that Telephone & Data Systems, Inc. will post 1.05 earnings per share for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.165 per share. This is a boost from Telephone & Data Systems’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.10%. Telephone & Data Systems’s payout ratio is 56.41%.

In related news, Director Mitchell H. Saranow sold 4,000 shares of Telephone & Data Systems stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $31.75, for a total transaction of $127,000.00. Following the transaction, the director now owns 15,074 shares in the company, valued at approximately $478,599.50. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Kenneth R. Meyers sold 40,000 shares of Telephone & Data Systems stock in a transaction on Tuesday, March 19th. The shares were sold at an average price of $32.30, for a total transaction of $1,292,000.00. Following the transaction, the insider now owns 32,305 shares in the company, valued at approximately $1,043,451.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 44,350 shares of company stock worth $1,430,127. 16.27% of the stock is owned by corporate insiders.

Several research analysts have recently weighed in on the stock. ValuEngine cut shares of Telephone & Data Systems from a “buy” rating to a “hold” rating in a research note on Saturday, March 30th. Zacks Investment Research cut shares of Telephone & Data Systems from a “hold” rating to a “sell” rating in a research note on Friday, March 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and a consensus price target of $38.20.

COPYRIGHT VIOLATION NOTICE: This piece was first posted by Highlight Press and is the sole property of of Highlight Press. If you are viewing this piece on another domain, it was illegally copied and reposted in violation of US & international copyright and trademark legislation. The correct version of this piece can be read at https://highlightpress.com/2019/04/20/brookstone-capital-management-takes-506000-position-in-telephone-data-systems-inc-tds.html.

Telephone & Data Systems Company Profile

Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.

Featured Story: Asset Allocation Models, Which is Right For You?

Want to see what other hedge funds are holding TDS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Telephone & Data Systems, Inc. (NYSE:TDS).

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

Receive News & Ratings for Telephone & Data Systems Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Telephone & Data Systems and related companies with MarketBeat.com's FREE daily email newsletter.