New Age Alpha Advisors LLC Purchases New Position in Telephone and Data Systems, Inc. (NYSE:TDS)

New Age Alpha Advisors LLC acquired a new position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 108,993 shares of the Wireless communications provider's stock, valued at approximately $3,718,000. New Age Alpha Advisors LLC owned approximately 0.10% of Telephone and Data Systems at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Independence Bank of Kentucky purchased a new stake in Telephone and Data Systems in the fourth quarter worth about $41,000. SBI Securities Co. Ltd. bought a new position in shares of Telephone and Data Systems during the 4th quarter valued at approximately $74,000. Versant Capital Management Inc raised its stake in Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after acquiring an additional 303 shares during the period. Quarry LP raised its stake in Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock worth $61,000 after acquiring an additional 692 shares during the period. Finally, Farther Finance Advisors LLC lifted its holdings in Telephone and Data Systems by 74.5% during 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. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Price Performance

Shares of NYSE:TDS traded up $0.43 during trading on Tuesday, hitting $39.17. 627,835 shares of the company's stock were exchanged, compared to its average volume of 1,070,438. The business's 50-day simple moving average is $36.54 and its 200 day simple moving average is $32.41. The company has a market cap of $4.46 billion, a price-to-earnings ratio of -7.26 and a beta of 0.75. Telephone and Data Systems, Inc. has a 52-week low of $14.04 and a 52-week high of $41.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

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Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.23. 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 $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.41%. Telephone and Data Systems's payout ratio is -18.60%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised their price objective on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, February 24th.

Telephone and Data Systems 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.