Telephone And Data Systems, Inc. (NYSE: TDS) stock jumped 1.76% on Monday to $19.68 against a previous-day closing price of $19.34. With 0.69 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.51 million shares. During the session, the Telecom Services company that operates in wider Communication Services sector, reached to the highest price of $19.91 whereas the lowest price it dropped to was $19.12. The 52-week range on TDS shows that it touched its highest point at $21.75 and its lowest point at $6.43 during that stretch. It currently has a 1-year price target of $26.33. With its current market cap of 2.22 billion, TDS has annualized dividend of $0.74 while the current yield stands at 3.74%. Beta for the stock currently stands at 0.91.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of TDS was up-trending over the past week, with a rise of 9.76%, but this was up by 9.52% over a month. Three-month performance surged to 8.31% while six-month performance rose 163.45%. The stock gained 86.54% in the past year, while it has gained 87.61% so far this year. A look at the trailing 12-month EPS for TDS yields -0.78 with Next year EPS estimates of -0.64. For the next quarter, that number is -0.17. This implies an EPS growth rate of -689.28% for this year and -16.16% for next year.
Float and Shares Shorts:
At present, 105.00 million TDS shares are outstanding with a float of 98.62 million shares on hand for trading. On Oct 30, 2023, short shares totaled 3.29 million, which was 2.91% higher than short shares on Sep 28, 2023. In addition to Mr. LeRoy T. Carlson Jr. as the firm’s President, CEO & Director, Ms. Vicki L. Villacrez serves as its Executive VP, CFO & Director.
Through their ownership of 90.72% of TDS’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 7.50% of TDS, in contrast to 48.07% held by mutual funds. Shares owned by individuals account for 39.97%. As the largest shareholder in TDS with 13.86% of the stake, BlackRock Fund Advisors holds 14,594,730 shares worth 14,594,730. A second-largest stockholder of TDS, The Vanguard Group, Inc., holds 11,490,639 shares, controlling over 10.92% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in TDS, holding 4,074,607 shares or 3.87% stake. With a 6.26% stake in TDS, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 6,586,789 shares are owned by the mutual fund manager. The Vanguard Total Stock Market ETF, which owns about 2.82% of TDS stock, is the second-largest Mutual Fund holder. It holds 2,971,041 shares valued at 54.04 million. Vanguard Small Cap Index Fund holds 2.32% of the stake in TDS, owning 2,443,336 shares worth 44.44 million.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for TDS since 0 analysts follow the stock currently. In the same way, a target price assigned to a stock can also reveal much about its potential. With TDS analysts setting a high price target of $38.00 and a low target of $18.00, the average target price over the next 12 months is $26.33. Based on these targets, TDS could surge 93.09% to reach the target high and fall by -8.54% to reach the target low. Reaching the average price target will result in a growth of 33.79% from current levels.
Summary of Insider Activity:
Insiders traded TDS stock several times over the past three months with 0 Buys and 0 Sells. In these transactions, 0 shares were bought while 0 shares were sold. The number of buy transactions has increased to 31 while that of sell transactions has risen to 18 over the past year. The total number of shares bought during that period was 601,289 while 1,075,561 shares were sold.