Sei Investments Co. Sells 481 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Sei Investments Co. trimmed its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 3.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 13,903 shares of the Wireless communications provider’s stock after selling 481 shares during the period. Sei Investments Co.’s holdings in Telephone and Data Systems were worth $474,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the company. Independence Bank of Kentucky bought a new stake in Telephone and Data Systems during the fourth quarter valued at $41,000. SBI Securities Co. Ltd. bought a new stake in shares of Telephone and Data Systems during the 4th quarter valued at about $74,000. Versant Capital Management Inc grew its holdings in shares of Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 303 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock worth $92,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Smartleaf Asset Management LLC raised its stake in Telephone and Data Systems by 139.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 2,186 shares in the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. boosted their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th.

Telephone and Data Systems Trading Up 6.4 %

NYSE TDS opened at $36.67 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The stock’s 50-day simple moving average is $36.68 and its two-hundred day simple moving average is $33.11. Telephone and Data Systems, Inc. has a twelve month low of $14.04 and a twelve month high of $41.21. The company has a market capitalization of $4.18 billion, a price-to-earnings ratio of -6.79 and a beta of 0.62.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.23. The company had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.04 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.44%. Telephone and Data Systems’s dividend payout ratio (DPR) is -18.60%.

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.