Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Raymond James & Associates

Raymond James & Associates lessened its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 10.3% during the 4th quarter, HoldingsChannel reports. The firm owned 141,179 shares of the Wireless communications provider’s stock after selling 16,209 shares during the period. Raymond James & Associates’ holdings in Telephone and Data Systems were worth $2,591,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in TDS. JPMorgan Chase & Co. boosted its stake in Telephone and Data Systems by 11.3% during the 1st quarter. JPMorgan Chase & Co. now owns 254,198 shares of the Wireless communications provider’s stock worth $4,800,000 after purchasing an additional 25,890 shares during the last quarter. Citigroup Inc. boosted its position in shares of Telephone and Data Systems by 5.8% during the 1st quarter. Citigroup Inc. now owns 98,497 shares of the Wireless communications provider’s stock valued at $1,860,000 after acquiring an additional 5,396 shares during the last quarter. Natixis Advisors L.P. boosted its position in shares of Telephone and Data Systems by 7.0% during the 1st quarter. Natixis Advisors L.P. now owns 71,806 shares of the Wireless communications provider’s stock valued at $1,356,000 after acquiring an additional 4,717 shares during the last quarter. MetLife Investment Management LLC boosted its position in shares of Telephone and Data Systems by 53.9% during the 1st quarter. MetLife Investment Management LLC now owns 53,418 shares of the Wireless communications provider’s stock valued at $1,009,000 after acquiring an additional 18,700 shares during the last quarter. Finally, Rhumbline Advisers boosted its position in shares of Telephone and Data Systems by 5.3% during the 1st quarter. Rhumbline Advisers now owns 340,146 shares of the Wireless communications provider’s stock valued at $6,422,000 after acquiring an additional 17,202 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Analyst Ratings Changes

Separately, StockNews.com cut shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research report on Tuesday, March 26th.

Telephone and Data Systems Stock Down 1.9 %

Shares of TDS opened at $15.35 on Tuesday. The firm has a market cap of $1.73 billion, a P/E ratio of -3.04 and a beta of 0.81. Telephone and Data Systems, Inc. has a 12-month low of $6.43 and a 12-month high of $21.75. The company’s 50-day moving average price is $15.94 and its 200 day moving average price is $17.60. The company has a current ratio of 1.40, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, February 16th. The Wireless communications provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Telephone and Data Systems had a negative net margin of 9.69% and a positive return on equity of 0.21%. Telephone and Data Systems’s revenue was down 3.2% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.38) EPS. On average, sell-side analysts forecast that Telephone and Data Systems, Inc. will post -1 earnings per share for the current year.

Telephone and Data Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Investors of record on Friday, March 15th were issued a $0.19 dividend. This is a positive change from Telephone and Data Systems’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a yield of 4.95%. The ex-dividend date of this dividend was Thursday, March 14th. Telephone and Data Systems’s payout ratio is -15.05%.

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.