Kestra Private Wealth Services LLC Buys New Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Kestra Private Wealth Services LLC purchased a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,904 shares of the Wireless communications provider’s stock, valued at approximately $365,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gamco Investors INC. ET AL increased its stake in Telephone and Data Systems by 1.0% during the 3rd quarter. Gamco Investors INC. ET AL now owns 2,123,914 shares of the Wireless communications provider’s stock worth $38,889,000 after buying an additional 21,483 shares during the period. American Century Companies Inc. raised its position in shares of Telephone and Data Systems by 9.9% during the 3rd quarter. American Century Companies Inc. now owns 1,579,230 shares of the Wireless communications provider’s stock worth $28,916,000 after acquiring an additional 142,844 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Telephone and Data Systems by 4.7% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,307,551 shares of the Wireless communications provider’s stock worth $23,941,000 after buying an additional 58,246 shares during the last quarter. FMR LLC lifted its position in shares of Telephone and Data Systems by 6.8% during the 3rd quarter. FMR LLC now owns 1,116,774 shares of the Wireless communications provider’s stock worth $20,448,000 after buying an additional 70,832 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Telephone and Data Systems by 1.2% in the 3rd quarter. Northern Trust Corp now owns 1,102,532 shares of the Wireless communications provider’s stock valued at $20,187,000 after buying an additional 13,095 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

TDS stock opened at $15.40 on Wednesday. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84. The company has a market capitalization of $1.74 billion, a P/E ratio of -3.16 and a beta of 0.81. The business has a 50 day simple moving average of $15.64 and a 200-day simple moving average of $17.34. Telephone and Data Systems, Inc. has a twelve month low of $6.43 and a twelve month high of $21.75.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.15. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The firm had revenue of $1.26 billion during the quarter, compared to the consensus estimate of $1.26 billion. During the same quarter in the prior year, the firm earned ($0.08) EPS. Telephone and Data Systems’s revenue for the quarter was down 3.1% on a year-over-year basis. As a group, equities analysts anticipate that Telephone and Data Systems, Inc. will post -1 EPS for the current year.

Telephone and Data Systems Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.19 per share. This is an increase from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 4.94%. Telephone and Data Systems’s dividend payout ratio is -15.61%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Monday.

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.