Atria Wealth Solutions Inc. Raises Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Atria Wealth Solutions Inc. boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 98.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. 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 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of TDS. Xponance Inc. increased its holdings in shares of Telephone and Data Systems by 4.5% in the first quarter. Xponance Inc. now owns 7,485 shares of the Wireless communications provider's stock valued at $290,000 after purchasing an additional 324 shares during the last quarter. Summit Investment Advisors Inc. increased its stake in Telephone and Data Systems by 4.9% during the fourth quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider's stock worth $352,000 after acquiring an additional 482 shares during the last quarter. Sequoia Financial Advisors LLC increased its stake in Telephone and Data Systems by 8.0% during the first quarter. Sequoia Financial Advisors LLC now owns 6,544 shares of the Wireless communications provider's stock worth $254,000 after acquiring an additional 485 shares during the last quarter. GAMMA Investing LLC increased its stake in Telephone and Data Systems by 8.7% during the first quarter. GAMMA Investing LLC now owns 6,243 shares of the Wireless communications provider's stock worth $242,000 after acquiring an additional 501 shares during the last quarter. Finally, OneDigital Investment Advisors LLC increased its stake in Telephone and Data Systems by 5.8% during the first quarter. OneDigital Investment Advisors LLC now owns 9,648 shares of the Wireless communications provider's stock worth $374,000 after acquiring an additional 531 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TDS. Wall Street Zen cut Telephone and Data Systems from a "hold" rating to a "sell" rating in a research note on Saturday. JPMorgan Chase & Co. raised their target price on Telephone and Data Systems from $53.00 to $54.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Raymond James Financial raised their target price on Telephone and Data Systems from $49.00 to $50.00 and gave the stock an "outperform" rating in a research note on Tuesday.

Telephone and Data Systems Trading Up 0.6%

TDS opened at $38.91 on Wednesday. Telephone and Data Systems, Inc. has a 52 week low of $20.04 and a 52 week high of $42.74. The business has a fifty day simple moving average of $36.66 and a 200-day simple moving average of $36.20. The firm has a market cap of $4.44 billion, a P/E ratio of -40.12 and a beta of 0.54. The company has a quick ratio of 1.55, a current ratio of 1.78 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings results on Monday, August 11th. The Wireless communications provider reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.01) by ($0.04). Telephone and Data Systems had a positive return on equity of 0.92% and a negative net margin of 0.85%. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion. During the same quarter in the prior year, the business earned ($0.13) earnings per share. The company's quarterly revenue was down 5.7% on a year-over-year basis. On average, equities 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 company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Monday, September 15th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date is Monday, September 15th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -15.24%.

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.

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