Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC cut its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 57.1% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 112,344 shares of the Wireless communications provider’s stock after selling 149,250 shares during the period. Krilogy Financial LLC’s holdings in Telephone and Data Systems were worth $3,832,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the business. Versant Capital Management Inc lifted its stake 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. GAMMA Investing LLC raised its holdings in Telephone and Data Systems by 8.3% in the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock valued at $196,000 after buying an additional 440 shares during the period. Victory Capital Management Inc. lifted its position in 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 buying an additional 554 shares during the last quarter. Aigen Investment Management LP boosted its stake in Telephone and Data Systems by 5.3% during the third quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider’s stock worth $316,000 after buying an additional 685 shares during the period. Finally, Quarry LP increased its position in shares of Telephone and Data Systems by 35.5% during the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after acquiring an additional 692 shares during the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Price Performance

NYSE TDS opened at $36.18 on Friday. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $36.22. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The stock has a 50-day moving average of $33.64 and a two-hundred day moving average of $26.96.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.16) EPS. On average, sell-side analysts anticipate 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 business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, December 16th. This represents a $0.16 annualized dividend and a yield of 0.44%. Telephone and Data Systems’s payout ratio is -2.96%.

Analysts Set New Price Targets

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

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.