Kestra Private Wealth Services LLC Invests $365,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

Kestra Private Wealth Services LLC acquired a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 19,904 shares of the Wireless communications provider’s stock, valued at approximately $365,000.

A number of other hedge funds have also modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Telephone and Data Systems by 1,252.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 598,138 shares of the Wireless communications provider’s stock worth $10,952,000 after buying an additional 553,921 shares in the last quarter. Qube Research & Technologies Ltd bought a new position in Telephone and Data Systems in the third quarter worth approximately $6,137,000. Loomis Sayles & Co. L P purchased a new position in shares of Telephone and Data Systems in the 3rd quarter worth approximately $4,952,000. American Century Companies Inc. boosted its position in shares of Telephone and Data Systems by 9.9% in the 3rd quarter. American Century Companies Inc. now owns 1,579,230 shares of the Wireless communications provider’s stock worth $28,916,000 after purchasing an additional 142,844 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of Telephone and Data Systems by 134.2% during the third quarter. Barclays PLC now owns 237,254 shares of the Wireless communications provider’s stock worth $4,344,000 after acquiring an additional 135,970 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com raised Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Monday.

Telephone and Data Systems Stock Performance

NYSE:TDS opened at $15.40 on Wednesday. Telephone and Data Systems, Inc. has a fifty-two week low of $6.43 and a fifty-two week high of $21.75. The stock has a market capitalization of $1.74 billion, a P/E ratio of -3.16 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.40 and a current ratio of 1.58. The company has a 50 day moving average price of $15.64 and a 200 day moving average price of $17.34.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of ($0.05) by $0.15. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The firm had revenue of $1.26 billion for the quarter, compared to the consensus estimate of $1.26 billion. During the same period last year, the firm posted ($0.08) EPS. The company’s revenue was down 3.1% on a year-over-year basis. Equities research analysts forecast that Telephone and Data Systems, Inc. will post -1 EPS for the current year.

Telephone and Data Systems Increases Dividend

The business also recently declared 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. The ex-dividend date was Thursday, March 14th. This is an increase from Telephone and Data Systems’s previous quarterly dividend of $0.19. This represents a $0.76 annualized dividend and a dividend yield of 4.94%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -15.61%.

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.