Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Advisors Asset Management Inc.

Advisors Asset Management Inc. decreased its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 23.0% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 364,001 shares of the Wireless communications provider’s stock after selling 108,580 shares during the quarter. Advisors Asset Management Inc.’s holdings in Telephone and Data Systems were worth $12,416,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Cibc World Markets Corp acquired a new position in Telephone and Data Systems in the 4th quarter valued at about $315,000. Envestnet Portfolio Solutions Inc. acquired a new position in Telephone and Data Systems in the 4th quarter valued at about $205,000. Swiss National Bank increased its stake in shares of Telephone and Data Systems by 0.8% during the 4th quarter. Swiss National Bank now owns 198,100 shares of the Wireless communications provider’s stock valued at $6,757,000 after acquiring an additional 1,500 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Telephone and Data Systems by 74.5% during the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock valued at $92,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Sequoia Financial Advisors LLC acquired a new position in shares of Telephone and Data Systems during the 4th quarter valued at about $207,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Wall Street Analyst Weigh In

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

Telephone and Data Systems Trading Up 1.4 %

NYSE TDS opened at $35.48 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a 12 month low of $14.04 and a 12 month high of $41.21. The company has a market cap of $4.05 billion, a P/E ratio of -6.57 and a beta of 0.75. The company has a 50-day moving average of $35.91 and a 200-day moving average of $31.42.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.23. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. As a group, equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

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

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.