Vident Advisory LLC Buys 7,504 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Vident Advisory LLC raised its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 35.4% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 28,728 shares of the Wireless communications provider's stock after buying an additional 7,504 shares during the quarter. Vident Advisory LLC's holdings in Telephone and Data Systems were worth $980,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Independence Bank of Kentucky acquired a new position in shares of Telephone and Data Systems during the fourth quarter worth approximately $41,000. Federated Hermes Inc. acquired a new position in shares of Telephone and Data Systems during the fourth quarter worth approximately $56,000. SBI Securities Co. Ltd. acquired a new position in shares of Telephone and Data Systems during the fourth quarter worth approximately $74,000. Farther Finance Advisors LLC lifted its holdings in shares of Telephone and Data Systems by 74.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock worth $92,000 after buying an additional 1,156 shares during the last quarter. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Telephone and Data Systems by 139.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock worth $128,000 after buying an additional 2,186 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TDS has been the subject of a number of research analyst reports. Raymond James reiterated an "outperform" rating and set a $47.00 price target (down from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. JPMorgan Chase & Co. cut their price target on Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating for the company in a report on Wednesday.

Telephone and Data Systems Stock Performance

Shares of TDS traded up $0.11 on Friday, reaching $34.28. 110,489 shares of the stock traded hands, compared to its average volume of 1,027,638. The firm has a market cap of $3.91 billion, a price-to-earnings ratio of -6.35 and a beta of 0.57. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a 12 month low of $16.75 and a 12 month high of $41.21. The stock's 50-day moving average price is $35.73 and its 200-day moving average price is $35.22.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.18 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business's revenue for the quarter was down 8.6% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.10 earnings per share. Equities analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, June 16th. Telephone and Data Systems's dividend payout ratio is presently -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.