Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC lessened its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 13.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 14,792 shares of the Wireless communications provider’s stock after selling 2,339 shares during the quarter. Corient Private Wealth LLC’s holdings in Telephone and Data Systems were worth $505,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Versant Capital Management Inc increased its position in Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 303 shares during the last quarter. GAMMA Investing LLC grew its stake in shares of Telephone and Data Systems by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after buying an additional 440 shares during the period. Quarry LP increased its holdings in shares of Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after buying an additional 692 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Telephone and Data Systems by 74.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock valued at $92,000 after buying an additional 1,156 shares during the period. Finally, Independence Bank of Kentucky acquired a new position in Telephone and Data Systems in the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

Shares of TDS opened at $38.54 on Friday. The firm has a 50-day simple moving average of $36.48 and a two-hundred day simple moving average of $32.23. The stock has a market cap of $4.39 billion, a PE ratio of -7.14 and a beta of 0.75. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

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 for the quarter, beating 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 firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. As a group, analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a 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 -18.60%.

Analysts Set New Price Targets

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

About Telephone and Data Systems

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.