Telephone and Data Systems Target of Unusually High Options Trading (NYSE:TDS)

Telephone and Data Systems, Inc. (NYSE:TDS - Get Free Report) saw unusually large options trading on Wednesday. Stock traders acquired 5,000 put options on the stock. This represents an increase of 249% compared to the average volume of 1,433 put options.

Institutional Trading of Telephone and Data Systems

Several institutional investors have recently added to or reduced their stakes in the stock. Innealta Capital LLC boosted its stake in shares of Telephone and Data Systems by 8.0% in the 3rd quarter. Innealta Capital LLC now owns 11,313 shares of the Wireless communications provider's stock valued at $263,000 after purchasing an additional 835 shares during the last quarter. Pinnacle Associates Ltd. lifted its holdings in Telephone and Data Systems by 13.4% in the third quarter. Pinnacle Associates Ltd. now owns 468,809 shares of the Wireless communications provider's stock valued at $10,900,000 after buying an additional 55,434 shares during the period. Assenagon Asset Management S.A. bought a new stake in Telephone and Data Systems during the third quarter valued at $1,208,000. Everence Capital Management Inc. boosted its position in Telephone and Data Systems by 7.3% during the third quarter. Everence Capital Management Inc. now owns 12,840 shares of the Wireless communications provider's stock valued at $299,000 after acquiring an additional 870 shares during the last quarter. Finally, Creative Planning raised its position in shares of Telephone and Data Systems by 8.1% in the 3rd quarter. Creative Planning now owns 13,301 shares of the Wireless communications provider's stock worth $309,000 after acquiring an additional 997 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Trading Up 2.0 %

TDS traded up $0.57 during trading on Wednesday, reaching $29.61. 984,633 shares of the company's stock were exchanged, compared to its average volume of 1,090,136. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 0.84. Telephone and Data Systems has a one year low of $13.69 and a one year high of $30.44. The firm has a fifty day moving average price of $24.12 and a two-hundred day moving average price of $21.08. The stock has a market capitalization of $3.35 billion, a PE ratio of -6.06 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share for the quarter, hitting the consensus estimate of ($0.13). The company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.24 billion. Telephone and Data Systems had a negative net margin of 9.31% and a positive return on equity of 0.73%. Telephone and Data Systems's revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.17) earnings per share. As a group, equities research analysts forecast that Telephone and Data Systems will post -0.44 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.54%. The ex-dividend date was Monday, September 16th. Telephone and Data Systems's dividend payout ratio is currently -3.31%.

Telephone and Data Systems Company Profile

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, fixed wireless home internet, 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.