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

Krilogy Financial LLC boosted its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 39.6% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 156,846 shares of the Wireless communications provider's stock after buying an additional 44,502 shares during the quarter. Krilogy Financial LLC owned approximately 0.14% of Telephone and Data Systems worth $6,076,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of TDS. Federated Hermes Inc. acquired a new position in shares of Telephone and Data Systems in the fourth quarter worth $56,000. SBI Securities Co. Ltd. acquired a new position in Telephone and Data Systems in the 4th quarter valued at about $74,000. Farther Finance Advisors LLC lifted its holdings in Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after purchasing an additional 1,156 shares in the last quarter. Smartleaf Asset Management LLC lifted its holdings in Telephone and Data Systems by 139.9% in the 4th quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock valued at $128,000 after purchasing an additional 2,186 shares in the last quarter. Finally, Lazard Asset Management LLC boosted its stake in shares of Telephone and Data Systems by 85.6% during the 4th quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider's stock worth $139,000 after purchasing an additional 1,887 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Trading Down 2.1%

Shares of NYSE TDS traded down $0.72 on Tuesday, reaching $33.25. 786,468 shares of the company traded hands, compared to its average volume of 988,826. Telephone and Data Systems, Inc. has a fifty-two week low of $17.90 and a fifty-two week high of $41.21. The company has a 50 day moving average of $34.95 and a 200 day moving average of $35.40. The company has a current ratio of 1.74, a quick ratio of 1.55 and a debt-to-equity ratio of 0.85. The stock has a market capitalization of $3.79 billion, a PE ratio of -31.67 and a beta of 0.52.

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

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, June 16th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -15.24%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TDS. Raymond James Financial reissued an "outperform" rating and set a $47.00 price objective (down previously from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th. Wall Street Zen lowered Telephone and Data Systems from a "hold" rating to a "sell" rating in a research note on Friday, May 30th. Finally, JPMorgan Chase & Co. decreased their price objective on Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating on the stock in a report on Wednesday, May 28th.

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.