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

Everence Capital Management Inc. reduced its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 39.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 7,730 shares of the Wireless communications provider’s stock after selling 5,110 shares during the period. Everence Capital Management Inc.’s holdings in Telephone and Data Systems were worth $264,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in TDS. Natixis Advisors LLC grew its stake in Telephone and Data Systems by 84.3% in the 2nd quarter. Natixis Advisors LLC now owns 56,433 shares of the Wireless communications provider’s stock valued at $1,170,000 after acquiring an additional 25,811 shares during the period. Victory Capital Management Inc. grew its position in shares of Telephone and Data Systems by 1.4% in the second quarter. Victory Capital Management Inc. now owns 41,514 shares of the Wireless communications provider’s stock valued at $861,000 after purchasing an additional 554 shares during the period. Choreo LLC purchased a new stake in shares of Telephone and Data Systems during the second quarter worth about $262,000. Texas Permanent School Fund Corp raised its position in shares of Telephone and Data Systems by 33.5% during the 2nd quarter. Texas Permanent School Fund Corp now owns 115,142 shares of the Wireless communications provider’s stock worth $2,387,000 after purchasing an additional 28,866 shares during the last quarter. Finally, Headlands Technologies LLC lifted its stake in Telephone and Data Systems by 328.9% in the 2nd quarter. Headlands Technologies LLC now owns 5,974 shares of the Wireless communications provider’s stock valued at $124,000 after buying an additional 4,581 shares in the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Trading Down 1.6 %

TDS opened at $32.72 on Wednesday. The firm has a market capitalization of $3.70 billion, a price-to-earnings ratio of -6.06 and a beta of 0.81. The company’s 50 day simple moving average is $32.90 and its two-hundred day simple moving average is $26.11. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $35.39. 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 announced its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The firm had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the business posted ($0.16) earnings per share. Analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.49%. The ex-dividend date was Monday, December 16th. Telephone and Data Systems’s payout ratio is currently -2.96%.

Analyst Ratings Changes

TDS has been the subject of a number of research analyst reports. JPMorgan Chase & Co. increased their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a report on Thursday, November 7th.

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.