Telephone and Data Systems, Inc. (NYSE:TDS) Position Increased by Atria Wealth Solutions Inc.

Atria Wealth Solutions Inc. grew its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 98.9% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 19,104 shares of the Wireless communications provider's stock after purchasing an additional 9,500 shares during the quarter. Atria Wealth Solutions Inc.'s holdings in Telephone and Data Systems were worth $740,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. New Age Alpha Advisors LLC raised its stake in shares of Telephone and Data Systems by 44.7% in the 1st quarter. New Age Alpha Advisors LLC now owns 157,749 shares of the Wireless communications provider's stock valued at $6,111,000 after purchasing an additional 48,756 shares in the last quarter. Natixis Advisors LLC raised its stake in Telephone and Data Systems by 21.1% during the first quarter. Natixis Advisors LLC now owns 41,711 shares of the Wireless communications provider's stock worth $1,615,000 after acquiring an additional 7,265 shares during the period. Bayforest Capital Ltd raised its stake in Telephone and Data Systems by 121.8% during the first quarter. Bayforest Capital Ltd now owns 1,342 shares of the Wireless communications provider's stock worth $52,000 after acquiring an additional 737 shares during the period. Vestcor Inc acquired a new stake in Telephone and Data Systems during the first quarter worth about $3,874,000. Finally, HB Wealth Management LLC acquired a new stake in Telephone and Data Systems during the first quarter worth about $216,000. Institutional investors and hedge funds own 80.00% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a research note on Sunday. JPMorgan Chase & Co. upped their target price on shares of Telephone and Data Systems from $53.00 to $54.00 and gave the stock an "overweight" rating in a research report on Tuesday, August 12th. Finally, Raymond James Financial upped their target price on shares of Telephone and Data Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research report on Tuesday, August 12th.

Insider Activity

In other news, Director Prudence E. Carlson sold 6,320 shares of the stock in a transaction that occurred on Thursday, August 14th. The shares were sold at an average price of $38.05, for a total value of $240,476.00. Following the completion of the transaction, the director directly owned 315,457 shares in the company, valued at $12,003,138.85. This trade represents a 1.96% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CAO Anita J. Kroll sold 29,047 shares of the stock in a transaction that occurred on Tuesday, August 12th. The shares were sold at an average price of $39.02, for a total transaction of $1,133,413.94. Following the completion of the transaction, the chief accounting officer owned 19,892 shares of the company's stock, valued at $776,185.84. This trade represents a 59.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 168,497 shares of company stock worth $6,531,504 over the last three months. Corporate insiders own 14.97% of the company's stock.

Telephone and Data Systems Stock Performance

NYSE TDS traded down $0.31 on Friday, hitting $38.51. The stock had a trading volume of 1,449,238 shares, compared to its average volume of 1,619,328. Telephone and Data Systems, Inc. has a one year low of $20.04 and a one year high of $42.74. The company has a quick ratio of 1.55, a current ratio of 1.78 and a debt-to-equity ratio of 0.85. The stock has a market cap of $4.39 billion, a price-to-earnings ratio of -39.70 and a beta of 0.54. The company's 50-day moving average is $36.92 and its two-hundred day moving average is $36.26.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings data on Monday, August 11th. The Wireless communications provider reported ($0.05) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.01) by ($0.04). The company had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Telephone and Data Systems had a negative net margin of 0.85% and a positive return on equity of 0.92%. The company's revenue was down 5.7% on a year-over-year basis. During the same quarter last year, the business earned ($0.13) earnings per share. On average, analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be issued a $0.04 dividend. The ex-dividend date is Monday, September 15th. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. Telephone and Data Systems's dividend payout ratio (DPR) is -16.49%.

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.