Strs Ohio Trims Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Strs Ohio cut its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 19.6% during the 4th quarter, HoldingsChannel.com reports. The firm owned 37,400 shares of the Wireless communications provider’s stock after selling 9,100 shares during the period. Strs Ohio’s holdings in Telephone and Data Systems were worth $686,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently added to or reduced their stakes in TDS. SG Americas Securities LLC bought a new position in Telephone and Data Systems during the third quarter worth $1,050,000. Bfsg LLC acquired a new position in shares of Telephone and Data Systems during the third quarter valued at $399,000. Pinnacle Associates Ltd. increased its holdings in shares of Telephone and Data Systems by 9.3% during the third quarter. Pinnacle Associates Ltd. now owns 491,828 shares of the Wireless communications provider’s stock valued at $9,005,000 after purchasing an additional 41,690 shares during the period. New York State Teachers Retirement System increased its holdings in shares of Telephone and Data Systems by 5.1% during the third quarter. New York State Teachers Retirement System now owns 146,186 shares of the Wireless communications provider’s stock valued at $2,677,000 after purchasing an additional 7,045 shares during the period. Finally, Mackenzie Financial Corp increased its holdings in shares of Telephone and Data Systems by 88.1% during the third quarter. Mackenzie Financial Corp now owns 53,947 shares of the Wireless communications provider’s stock valued at $913,000 after purchasing an additional 25,270 shares during the period. 80.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

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

Telephone and Data Systems Price Performance

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

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, February 16th. The Wireless communications provider reported ($0.11) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 positive return on equity of 0.21% and a negative net margin of 9.69%. Telephone and Data Systems’s revenue was down 3.2% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.38) earnings per share. As a group, sell-side analysts predict that Telephone and Data Systems, Inc. will post -1 EPS for the current fiscal year.

Telephone and Data Systems Increases Dividend

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

Telephone and Data Systems 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.