Mackenzie Financial Corp Lowers Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Mackenzie Financial Corp trimmed its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 4.2% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 51,664 shares of the Wireless communications provider’s stock after selling 2,283 shares during the period. Mackenzie Financial Corp’s holdings in Telephone and Data Systems were worth $948,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in TDS. Anchor Investment Management LLC purchased a new stake in Telephone and Data Systems in the 4th quarter valued at about $46,000. Neo Ivy Capital Management bought a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at about $109,000. Waldron Private Wealth LLC bought a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at about $201,000. PNC Financial Services Group Inc. raised its holdings in shares of Telephone and Data Systems by 104.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 19,043 shares of the Wireless communications provider’s stock valued at $349,000 after purchasing an additional 9,730 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its holdings in shares of Telephone and Data Systems by 19.3% in the 3rd quarter. SteelPeak Wealth LLC now owns 19,608 shares of the Wireless communications provider’s stock valued at $359,000 after purchasing an additional 3,167 shares in the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Performance

NYSE TDS opened at $15.55 on Friday. The company has a current ratio of 1.40, a quick ratio of 1.23 and a debt-to-equity ratio of 0.83. The company has a 50 day moving average price of $15.44 and a 200 day moving average price of $17.50. Telephone and Data Systems, Inc. has a 52 week low of $6.43 and a 52 week high of $21.75.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, February 16th. The Wireless communications provider reported ($0.11) EPS for the quarter, topping the consensus estimate of ($0.12) by $0.01. The firm had revenue of $1.31 billion during 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 quarter in the previous year, the business posted ($0.38) EPS. Equities research analysts predict that Telephone and Data Systems, Inc. will post -1 earnings per share for the current fiscal year.

Telephone and Data Systems Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a dividend of $0.19 per share. This is a positive change from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.76 dividend on an annualized basis and a yield of 4.89%. Telephone and Data Systems’s dividend payout ratio is presently -15.05%.

Analyst Upgrades and Downgrades

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

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.