Vident Advisory LLC Grows Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Vident Advisory LLC grew its position in 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 and Exchange Commission (SEC). The firm owned 28,728 shares of the Wireless communications provider's stock after purchasing 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 filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of TDS. Independence Bank of Kentucky bought a new stake in shares of Telephone and Data Systems during the 4th quarter valued at $41,000. Federated Hermes Inc. bought a new stake in Telephone and Data Systems during the fourth quarter valued at about $56,000. SBI Securities Co. Ltd. bought a new stake in Telephone and Data Systems during the fourth quarter valued at about $74,000. Farther Finance Advisors LLC lifted its position in shares of Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 1,156 shares in the last quarter. Finally, Smartleaf Asset Management LLC boosted its stake in shares of Telephone and Data Systems by 139.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock worth $128,000 after acquiring an additional 2,186 shares during the period. 80.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the company. Raymond James reissued an "outperform" rating and set a $47.00 target price (down previously from $51.00) on shares of Telephone and Data Systems in a research note on Monday, May 5th. JPMorgan Chase & Co. reduced their price objective on shares of Telephone and Data Systems from $56.00 to $53.00 and set an "overweight" rating on the stock in a research report on Wednesday.

Telephone and Data Systems Price Performance

TDS stock traded down $0.69 during mid-day trading on Thursday, hitting $34.18. The company had a trading volume of 409,154 shares, compared to its average volume of 1,036,828. The company has a 50-day moving average price of $35.80 and a 200 day moving average price of $35.21. Telephone and Data Systems, Inc. has a 12-month low of $16.64 and a 12-month high of $41.21. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of -6.33 and a beta of 0.57. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) EPS for the quarter, missing analysts' consensus estimates of ($0.02) by ($0.07). The firm had revenue of $1.15 billion during the quarter, compared to analysts' expectations of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Telephone and Data Systems's quarterly revenue 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. On average, research analysts anticipate 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 announced 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. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. Telephone and Data Systems's dividend payout ratio is currently -15.24%.

About Telephone and Data Systems

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.