New Age Alpha Advisors LLC Has $6.11 Million Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Key Points

• New Age Alpha Advisors LLC increased its position in Telephone and Data Systems shares by 44.7%, owning approximately 0.14% of the company, valued at $6,111,000 as of the latest filing.
• Telephone and Data Systems reported a quarterly loss per share of ($0.09), missing estimates by ($0.07), and had revenue of $1.15 billion, down 8.6% year-over-year.
• The company announced a quarterly dividend of $0.04 per share, representing an annualized yield of 0.4%, with a recent dividend payout ratio of -15.24%.

New Age Alpha Advisors LLC grew its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 44.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 157,749 shares of the Wireless communications provider's stock after purchasing an additional 48,756 shares during the period. New Age Alpha Advisors LLC owned approximately 0.14% of Telephone and Data Systems worth $6,111,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Natixis Advisors LLC increased its holdings in shares of 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 valued at $1,615,000 after purchasing an additional 7,265 shares during the period. Bayforest Capital Ltd increased its holdings in shares of 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 valued at $52,000 after purchasing an additional 737 shares during the period. Vestcor Inc acquired a new position in shares of Telephone and Data Systems during the first quarter valued at $3,874,000. HB Wealth Management LLC acquired a new position in shares of Telephone and Data Systems during the first quarter valued at $216,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Telephone and Data Systems during the first quarter valued at $915,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

NYSE TDS traded up $0.50 on Friday, reaching $38.77. The company's stock had a trading volume of 1,442,021 shares, compared to its average volume of 1,449,416. Telephone and Data Systems, Inc. has a twelve month low of $19.85 and a twelve month high of $42.74. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.55 and a current ratio of 1.74. The stock has a market cap of $4.42 billion, a PE ratio of -36.92 and a beta of 0.54. The firm's 50 day moving average is $36.49 and its two-hundred day moving average is $36.16.

Telephone and Data Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Monday, September 15th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Telephone and Data Systems's dividend payout ratio (DPR) is -15.24%.

Analyst Ratings Changes

A number of research analysts have recently commented on TDS shares. JPMorgan Chase & Co. lowered their price target 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. Raymond James Financial reiterated an "outperform" rating and issued a $49.00 price target (up from $47.00) on shares of Telephone and Data Systems in a research report on Friday, July 25th. Finally, Wall Street Zen downgraded shares of Telephone and Data Systems from a "hold" rating to a "sell" rating in a report on Saturday.

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.