Yousif Capital Management LLC Sells 1,653 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Yousif Capital Management LLC lessened its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 3.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 40,926 shares of the Wireless communications provider’s stock after selling 1,653 shares during the period. Yousif Capital Management LLC’s holdings in Telephone and Data Systems were worth $1,585,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of TDS. Savant Capital LLC bought a new stake in Telephone and Data Systems during the 4th quarter worth approximately $203,000. Rhumbline Advisers increased its holdings in Telephone and Data Systems by 1.2% during the 4th quarter. Rhumbline Advisers now owns 304,735 shares of the Wireless communications provider’s stock worth $10,394,000 after acquiring an additional 3,688 shares during the period. Congress Asset Management Co. increased its holdings in Telephone and Data Systems by 15.4% during the 4th quarter. Congress Asset Management Co. now owns 214,801 shares of the Wireless communications provider’s stock worth $7,327,000 after acquiring an additional 28,671 shares during the period. State of New Jersey Common Pension Fund D bought a new stake in Telephone and Data Systems during the 4th quarter worth approximately $2,272,000. Finally, Principal Financial Group Inc. increased its holdings in Telephone and Data Systems by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 472,988 shares of the Wireless communications provider’s stock worth $16,134,000 after acquiring an additional 13,208 shares during the period. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

TDS stock opened at $33.93 on Tuesday. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. Telephone and Data Systems, Inc. has a 52 week low of $17.90 and a 52 week high of $41.21. The firm’s fifty day moving average is $35.01 and its 200 day moving average is $35.41. The firm has a market cap of $3.87 billion, a P/E ratio of -6.28 and a beta of 0.52.

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

Telephone and Data Systems Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors 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 is currently -15.24%.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on TDS. JPMorgan Chase & Co. decreased their price target on shares of 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. Raymond James reissued an “outperform” rating and issued a $47.00 price target (down previously from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th. Finally, Wall Street Zen lowered shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Friday, May 30th.

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.