Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. trimmed its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 23.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 364,001 shares of the Wireless communications provider’s stock after selling 108,580 shares during the period. Advisors Asset Management Inc. owned 0.32% of Telephone and Data Systems worth $12,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of the business. Versant Capital Management Inc boosted its stake in shares of Telephone and Data Systems by 14.5% in the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 303 shares during the period. GAMMA Investing LLC raised its holdings in Telephone and Data Systems by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after acquiring an additional 440 shares in the last quarter. Quarry LP raised its holdings in Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after acquiring an additional 692 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock valued at $92,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Independence Bank of Kentucky acquired a new stake in Telephone and Data Systems in the fourth quarter valued at approximately $41,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their target price on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, February 24th.

Telephone and Data Systems Stock Up 1.4 %

TDS stock opened at $35.48 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a twelve month low of $14.04 and a twelve month high of $41.21. The company’s 50 day moving average is $35.91 and its two-hundred day moving average is $31.42. The stock has a market cap of $4.05 billion, a P/E ratio of -6.57 and a beta of 0.75.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.23. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Research analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. Telephone and Data Systems’s payout ratio is currently -18.60%.

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.