Cerity Partners LLC Lowers Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Cerity Partners LLC reduced its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 12.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 17,545 shares of the Wireless communications provider’s stock after selling 2,533 shares during the period. Cerity Partners LLC’s holdings in Telephone and Data Systems were worth $598,000 at the end of the most recent quarter.

Other hedge funds also recently added to or reduced their stakes in the company. Independence Bank of Kentucky purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth $41,000. Federated Hermes Inc. acquired a new position in Telephone and Data Systems during the 4th quarter worth $56,000. SBI Securities Co. Ltd. purchased a new stake in Telephone and Data Systems during the 4th quarter worth about $74,000. Versant Capital Management Inc raised its position in Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 303 shares in the last quarter. Finally, Farther Finance Advisors LLC boosted its stake in shares of Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock valued at $92,000 after buying an additional 1,156 shares during the period. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

TDS stock opened at $36.47 on Monday. The stock has a market cap of $4.16 billion, a price-to-earnings ratio of -6.75 and a beta of 0.62. Telephone and Data Systems, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21. 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 business has a 50 day moving average price of $36.63 and a 200 day moving average price of $33.81.

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

Telephone and Data Systems Announces Dividend

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

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. lifted 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.

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.