Telephone and Data Systems, Inc. (NYSE:TDS) Stock Position Cut by Inspire Advisors LLC

Inspire Advisors LLC trimmed its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 92.2% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,973 shares of the Wireless communications provider's stock after selling 70,583 shares during the quarter. Inspire Advisors LLC's holdings in Telephone and Data Systems were worth $231,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Federated Hermes Inc. purchased a new position in shares of Telephone and Data Systems in the fourth quarter valued at $56,000. Lazard Asset Management LLC boosted its stake in shares of Telephone and Data Systems by 85.6% in the fourth quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider's stock valued at $139,000 after purchasing an additional 1,887 shares during the period. Forum Financial Management LP purchased a new position in shares of Telephone and Data Systems in the first quarter valued at $200,000. United Capital Financial Advisors LLC purchased a new position in shares of Telephone and Data Systems in the fourth quarter valued at $201,000. Finally, Greenleaf Trust purchased a new position in shares of Telephone and Data Systems in the first quarter valued at $202,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Performance

Shares of NYSE:TDS traded down $1.02 on Friday, reaching $38.02. 1,488,797 shares of the company's stock were exchanged, compared to its average volume of 1,026,977. The firm has a market capitalization of $4.33 billion, a price-to-earnings ratio of -36.21 and a beta of 0.51. Telephone and Data Systems, Inc. has a fifty-two week low of $17.90 and a fifty-two week high of $42.74. The business's 50-day moving average is $36.06 and its two-hundred day moving average is $36.06. The company has a quick ratio of 1.55, a current ratio of 1.74 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 1.03%. The business had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company posted $0.10 earnings per share. The firm's revenue for the quarter was down 8.6% on a year-over-year basis. As a group, equities research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date of this dividend was Monday, June 16th. Telephone and Data Systems's dividend payout ratio (DPR) is -15.24%.

Wall Street Analyst Weigh In

Several brokerages have recently weighed in on TDS. JPMorgan Chase & Co. decreased their target price on shares of Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating for the company in a research note on Wednesday, May 28th. Wall Street Zen raised shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a report on Saturday, July 12th. Finally, Raymond James Financial reaffirmed an "outperform" rating and issued a $49.00 price target (up from $47.00) on shares of Telephone and Data Systems in a report on Friday, July 25th.

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.