86,933 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Purchased by Inspire Advisors LLC

Inspire Advisors LLC bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund bought 86,933 shares of the Wireless communications provider’s stock, valued at approximately $1,802,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of TDS. Principal Securities Inc. purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth $25,000. Blue Trust Inc. increased its holdings in Telephone and Data Systems by 4,082.9% during the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 1,674 shares during the period. Quarry LP acquired a new stake in Telephone and Data Systems in the 4th quarter valued at about $60,000. CWM LLC boosted its stake in shares of Telephone and Data Systems by 57.0% in the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 1,430 shares during the period. Finally, Neo Ivy Capital Management purchased a new position in shares of Telephone and Data Systems in the 2nd quarter valued at about $88,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Price Performance

Shares of NYSE:TDS opened at $23.55 on Friday. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.51 and a quick ratio of 1.37. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $24.92. The firm has a market capitalization of $2.66 billion, a P/E ratio of -4.84 and a beta of 0.81. The company’s fifty day moving average price is $21.57 and its 200 day moving average price is $18.98.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13). The business had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. The business’s revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. As a group, sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.43 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.68%. The ex-dividend date is Monday, September 16th. Telephone and Data Systems’s payout ratio is currently -3.29%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. dropped their price target on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th.

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.