Natixis Advisors LLC Trims Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Natixis Advisors LLC lowered its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 50.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,446 shares of the Wireless communications provider’s stock after selling 35,372 shares during the period. Natixis Advisors LLC’s holdings in Telephone and Data Systems were worth $1,175,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. TCW Group Inc. boosted its holdings in shares of Telephone and Data Systems by 3.2% in the 3rd quarter. TCW Group Inc. now owns 566,832 shares of the Wireless communications provider’s stock valued at $13,179,000 after acquiring an additional 17,400 shares during the last quarter. Crossmark Global Holdings Inc. purchased a new stake in Telephone and Data Systems in the fourth quarter valued at $246,000. CWA Asset Management Group LLC acquired a new stake in Telephone and Data Systems during the 4th quarter worth about $710,000. Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Telephone and Data Systems during the 3rd quarter valued at about $1,574,000. Finally, Consolidated Planning Corp lifted its holdings in shares of Telephone and Data Systems by 35.4% in the 4th quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider’s stock valued at $1,314,000 after buying an additional 10,063 shares during the period. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

Shares of NYSE TDS opened at $38.33 on Wednesday. The company has a market capitalization of $4.37 billion, a PE ratio of -7.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company’s fifty day moving average price is $36.30 and its 200 day moving average price is $31.96. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping the consensus estimate 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 analyst estimates of $1.23 billion. On average, research analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.42%. The ex-dividend date of this dividend is Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -18.60%.

Analyst Upgrades and Downgrades

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

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.