Captrust Financial Advisors Purchases Shares of 6,101 Telephone and Data Systems, Inc. (NYSE:TDS)

Captrust Financial Advisors purchased a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,101 shares of the Wireless communications provider’s stock, valued at approximately $208,000.

Other institutional investors have also made changes to their positions in the company. Crossmark Global Holdings Inc. bought a new stake in shares of Telephone and Data Systems in the fourth quarter worth $246,000. Norges Bank bought a new stake in shares of Telephone and Data Systems in the fourth quarter worth $23,776,000. Consolidated Planning Corp lifted its position in shares of Telephone and Data Systems by 35.4% in the fourth quarter. Consolidated Planning Corp now owns 38,516 shares of the Wireless communications provider’s stock worth $1,314,000 after purchasing an additional 10,063 shares in the last quarter. Savant Capital LLC bought a new stake in shares of Telephone and Data Systems in the fourth quarter worth $203,000. Finally, Proficio Capital Partners LLC bought a new stake in shares of Telephone and Data Systems in the fourth quarter worth $2,422,000. Institutional investors own 80.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on TDS. Raymond James restated an “outperform” rating and set a $47.00 target price (down from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. JPMorgan Chase & Co. boosted their target price on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, February 24th.

Telephone and Data Systems Price Performance

Shares of TDS opened at $33.86 on Friday. The company has a market cap of $3.86 billion, a price-to-earnings ratio of -6.27 and a beta of 0.57. Telephone and Data Systems, Inc. has a 1-year low of $16.64 and a 1-year high of $41.21. The company’s fifty day simple moving average is $35.93 and its 200 day simple moving average is $35.13. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The firm had revenue of $1.15 billion for the quarter, compared to analyst estimates of $1.18 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Telephone and Data Systems’s quarterly revenue was down 8.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.10 earnings per share. On average, research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Monday, June 16th will be given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.47%. Telephone and Data Systems’s payout ratio is presently -15.24%.

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.