Telephone and Data Systems, Inc. $TDS Stock Holdings Cut by Inspire Investing LLC

Inspire Investing LLC cut its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 67.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 14,998 shares of the Wireless communications provider’s stock after selling 31,427 shares during the quarter. Inspire Investing LLC’s holdings in Telephone and Data Systems were worth $631,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of TDS. Dimensional Fund Advisors LP boosted its stake in Telephone and Data Systems by 1.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 6,392,050 shares of the Wireless communications provider’s stock valued at $262,072,000 after buying an additional 101,482 shares in the last quarter. Carronade Capital Management LP raised its position in Telephone and Data Systems by 14.2% in the fourth quarter. Carronade Capital Management LP now owns 4,203,594 shares of the Wireless communications provider’s stock worth $172,347,000 after acquiring an additional 523,094 shares in the last quarter. State Street Corp raised its position in Telephone and Data Systems by 1.5% in the fourth quarter. State Street Corp now owns 4,049,385 shares of the Wireless communications provider’s stock worth $166,025,000 after acquiring an additional 58,439 shares in the last quarter. Oaktree Capital Management LP acquired a new stake in Telephone and Data Systems in the 3rd quarter valued at about $144,732,000. Finally, Geode Capital Management LLC lifted its holdings in Telephone and Data Systems by 2.8% in the 4th quarter. Geode Capital Management LLC now owns 2,415,553 shares of the Wireless communications provider’s stock valued at $99,053,000 after acquiring an additional 66,814 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Trading Up 0.0%

NYSE:TDS opened at $37.02 on Thursday. The stock has a fifty day simple moving average of $41.01 and a 200 day simple moving average of $42.63. The firm has a market capitalization of $4.21 billion, a price-to-earnings ratio of 69.85 and a beta of 0.30. Telephone and Data Systems, Inc. has a 1-year low of $34.94 and a 1-year high of $49.12. The company has a quick ratio of 3.42, a current ratio of 3.43 and a debt-to-equity ratio of 0.16.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, May 8th. The Wireless communications provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of ($0.87) by $1.98. Telephone and Data Systems had a net margin of 6.15% and a return on equity of 5.54%. The company had revenue of $309.45 million during the quarter, compared to analyst estimates of $313.27 million. During the same period in the prior year, the firm earned ($0.09) earnings per share. The business’s quarterly revenue was up 6.5% on a year-over-year basis. Sell-side analysts forecast that Telephone and Data Systems, Inc. will post 0.94 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Tuesday, June 16th were issued a dividend of $0.04 per share. The ex-dividend date was Tuesday, June 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Telephone and Data Systems’s payout ratio is currently 30.19%.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on TDS shares. Raymond James Financial cut shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Weiss Ratings cut shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.33.

Telephone and Data Systems Profile

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.