Wealth Enhancement Advisory Services LLC Makes New $237,000 Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

Wealth Enhancement Advisory Services LLC bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 6,952 shares of the Wireless communications provider’s stock, valued at approximately $237,000.

A number of other large investors also recently made changes to their positions in the business. Federated Hermes Inc. bought a new stake in shares of Telephone and Data Systems in the 4th quarter valued at approximately $56,000. SBI Securities Co. Ltd. acquired a new position in shares of Telephone and Data Systems in the fourth quarter valued at $74,000. Farther Finance Advisors LLC raised its stake 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 valued at $92,000 after purchasing an additional 1,156 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Telephone and Data Systems by 139.9% during the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider’s stock worth $128,000 after acquiring an additional 2,186 shares in the last quarter. Finally, Lazard Asset Management LLC raised its stake in Telephone and Data Systems by 85.6% during the fourth quarter. Lazard Asset Management LLC now owns 4,092 shares of the Wireless communications provider’s stock worth $139,000 after acquiring an additional 1,887 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Wall Street Zen cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Friday, May 30th. JPMorgan Chase & Co. reduced their target price on Telephone and Data Systems from $56.00 to $53.00 and set an “overweight” rating on the stock in a report on Wednesday, May 28th. Finally, Raymond James reiterated an “outperform” rating and set a $47.00 price objective (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th.

Telephone and Data Systems Stock Up 2.3%

NYSE:TDS opened at $33.93 on Tuesday. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -6.28 and a beta of 0.52. Telephone and Data Systems, Inc. has a twelve month low of $17.90 and a twelve month high of $41.21. The stock’s 50 day moving average price is $35.01 and its two-hundred day moving average price is $35.41. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, May 2nd. The Wireless communications provider reported ($0.09) earnings per share for the quarter, missing the consensus estimate of ($0.02) by ($0.07). The company 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%. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period last year, the firm earned $0.10 EPS. Equities research analysts expect 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.47%. The ex-dividend date is Monday, June 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is -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.