Spire Wealth Management Sells 373 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Spire Wealth Management reduced its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 8.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,297 shares of the Wireless communications provider’s stock after selling 373 shares during the period. Spire Wealth Management’s holdings in Telephone and Data Systems were worth $147,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in TDS. The Manufacturers Life Insurance Company boosted its stake in shares of Telephone and Data Systems by 4.0% in the second quarter. The Manufacturers Life Insurance Company now owns 51,021 shares of the Wireless communications provider’s stock valued at $1,058,000 after buying an additional 1,966 shares during the period. Handelsbanken Fonder AB lifted its stake in Telephone and Data Systems by 26.3% during the third quarter. Handelsbanken Fonder AB now owns 23,025 shares of the Wireless communications provider’s stock worth $535,000 after purchasing an additional 4,800 shares during the last quarter. GAMMA Investing LLC lifted its stake in Telephone and Data Systems by 10.2% during the third quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider’s stock worth $123,000 after purchasing an additional 490 shares during the last quarter. CWM LLC lifted its stake in Telephone and Data Systems by 26.8% during the third quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock worth $116,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Creative Planning lifted its stake in Telephone and Data Systems by 8.1% during the third quarter. Creative Planning now owns 13,301 shares of the Wireless communications provider’s stock worth $309,000 after purchasing an additional 997 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Telephone and Data Systems Stock Up 0.5 %

Shares of TDS opened at $37.17 on Friday. Telephone and Data Systems, Inc. has a 52 week low of $13.69 and a 52 week high of $37.46. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of -6.88 and a beta of 0.80. 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 stock has a fifty day moving average of $34.62 and a 200-day moving average of $28.37.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were issued a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.43%. Telephone and Data Systems’s payout ratio is -2.96%.

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.