World Investment Advisors Decreases Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

World Investment Advisors trimmed its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 5.2% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,990 shares of the Wireless communications provider’s stock after selling 655 shares during the quarter. World Investment Advisors’ holdings in Telephone and Data Systems were worth $409,000 as of its most recent filing with the SEC.

Other hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its stake in Telephone and Data Systems by 1.6% during the 3rd quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider’s stock worth $93,908,000 after purchasing an additional 65,432 shares during the last quarter. American Century Companies Inc. boosted its position in Telephone and Data Systems by 6.7% during the fourth quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider’s stock worth $110,161,000 after acquiring an additional 203,897 shares during the last quarter. Geode Capital Management LLC grew its stake in Telephone and Data Systems by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider’s stock valued at $53,278,000 after acquiring an additional 43,470 shares in the last quarter. FMR LLC raised its holdings in Telephone and Data Systems by 0.3% in the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider’s stock valued at $26,797,000 after acquiring an additional 3,002 shares during the last quarter. Finally, Norges Bank purchased a new position in Telephone and Data Systems in the 4th quarter worth approximately $23,776,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Telephone and Data Systems stock opened at $35.23 on Tuesday. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The company has a 50-day moving average price of $36.69 and a 200 day moving average price of $32.90. Telephone and Data Systems, Inc. has a 12-month low of $14.04 and a 12-month high of $41.21. The stock has a market cap of $4.02 billion, a P/E ratio of -6.52 and a beta of 0.62.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS 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 for the quarter, compared to analyst estimates of $1.23 billion. Sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date of this dividend was Monday, March 17th. Telephone and Data Systems’s dividend payout ratio is presently -18.60%.

Analyst Ratings Changes

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

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.