Venturi Wealth Management LLC Invests $155,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

Venturi Wealth Management LLC bought 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. The institutional investor bought 4,530 shares of the Wireless communications provider’s stock, valued at approximately $155,000.

Other hedge funds also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new stake in Telephone and Data Systems during the 4th quarter worth approximately $41,000. Quarry LP lifted its holdings in 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 in the last quarter. Versant Capital Management Inc increased its position in shares of Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 303 shares during the last quarter. CWM LLC increased its position in shares of Telephone and Data Systems by 26.8% in the 3rd quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock valued at $116,000 after purchasing an additional 1,056 shares during the last quarter. Finally, KBC Group NV increased its position in shares of Telephone and Data Systems by 70.6% in the 4th quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider’s stock valued at $166,000 after purchasing an additional 2,008 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Trading Down 4.1 %

NYSE TDS opened at $38.00 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm’s fifty day moving average price is $35.59 and its 200 day moving average price is $29.73. The company has a market capitalization of $4.29 billion, a price-to-earnings ratio of -7.04 and a beta of 0.80. Telephone and Data Systems, Inc. has a 12 month low of $13.92 and a 12 month high of $41.21.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data 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 company had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, sell-side analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.42%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s payout ratio is currently -2.96%.

Analyst Ratings Changes

A number of equities research analysts have commented on TDS shares. JPMorgan Chase & Co. increased their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 4th. Raymond James raised shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research report on Thursday, November 7th.

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.