Atria Wealth Solutions Inc. Sells 1,000 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Atria Wealth Solutions Inc. cut its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 6.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,600 shares of the Wireless communications provider’s stock after selling 1,000 shares during the period. Atria Wealth Solutions Inc.’s holdings in Telephone and Data Systems were worth $250,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of TDS. Anchor Investment Management LLC purchased a new stake in shares of Telephone and Data Systems in the fourth quarter valued at about $46,000. GAMMA Investing LLC bought a new stake in Telephone and Data Systems in the 4th quarter worth about $93,000. Neo Ivy Capital Management purchased a new stake in Telephone and Data Systems in the 3rd quarter valued at about $109,000. PNC Financial Services Group Inc. lifted its position in shares of Telephone and Data Systems by 104.5% during the 3rd quarter. PNC Financial Services Group Inc. now owns 19,043 shares of the Wireless communications provider’s stock worth $349,000 after buying an additional 9,730 shares in the last quarter. Finally, SteelPeak Wealth LLC boosted its stake 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 worth $359,000 after buying an additional 3,167 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Price Performance

Shares of NYSE:TDS opened at $19.68 on Friday. Telephone and Data Systems, Inc. has a fifty-two week low of $6.43 and a fifty-two week high of $21.75. The company’s 50-day moving average is $15.74 and its 200 day moving average is $17.34. 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 market capitalization of $2.22 billion, a P/E ratio of -4.04 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share 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 analysts’ expectations of $1.26 billion. During the same period in the previous year, the company earned ($0.08) earnings per share. The company’s quarterly revenue was down 3.1% on a year-over-year basis. On average, equities research 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 company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were paid a dividend of $0.19 per share. This is an increase 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 annualized dividend and a dividend yield of 3.86%. Telephone and Data Systems’s dividend payout ratio is presently -15.61%.

Wall Street Analyst Weigh In

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

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.