Inspire Investing LLC trimmed its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS – Free Report) by 67.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. 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 Securities and Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Captrust Financial Advisors boosted its position in Telephone and Data Systems by 3.8% during the 4th quarter. Captrust Financial Advisors now owns 6,026 shares of the Wireless communications provider’s stock valued at $247,000 after purchasing an additional 220 shares during the period. Salomon & Ludwin LLC increased its position in Telephone and Data Systems by 51.3% in the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 231 shares during the period. CIBC Asset Management Inc lifted its stake in Telephone and Data Systems by 2.4% in the fourth quarter. CIBC Asset Management Inc now owns 9,804 shares of the Wireless communications provider’s stock valued at $402,000 after buying an additional 232 shares during the last quarter. Maryland State Retirement & Pension System lifted its stake in Telephone and Data Systems by 1.6% in the fourth quarter. Maryland State Retirement & Pension System now owns 14,362 shares of the Wireless communications provider’s stock valued at $589,000 after buying an additional 233 shares during the last quarter. Finally, HighTower Advisors LLC boosted its holdings in shares of Telephone and Data Systems by 4.3% during the fourth quarter. HighTower Advisors LLC now owns 5,866 shares of the Wireless communications provider’s stock valued at $241,000 after acquiring an additional 240 shares during the period. 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 market cap of $4.21 billion, a price-to-earnings ratio of 69.85 and a beta of 0.30. The company has a debt-to-equity ratio of 0.16, a quick ratio of 3.42 and a current ratio of 3.43. Telephone and Data Systems, Inc. has a 1 year low of $34.94 and a 1 year high of $49.12. The business has a fifty day moving average of $41.01 and a 200-day moving average of $42.63.
Telephone and Data Systems Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Tuesday, June 16th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. The ex-dividend date was Tuesday, June 16th. Telephone and Data Systems’s payout ratio is 30.19%.
Wall Street Analyst Weigh In
TDS has been the topic of a number of analyst reports. Wall Street Zen raised shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. Raymond James Financial lowered shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Finally, Weiss Ratings cut shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a research report on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, Telephone and Data Systems currently has a consensus rating of “Hold” and an average target price of $53.33.
Telephone and Data Systems Company 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.
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