Empowered Funds LLC Sells 13,110 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Empowered Funds LLC lowered its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 453,890 shares of the Wireless communications provider's stock after selling 13,110 shares during the quarter. Empowered Funds LLC owned approximately 0.40% of Telephone and Data Systems worth $15,482,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the stock. Versant Capital Management Inc raised its position in shares of Telephone and Data Systems by 14.5% in the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock valued at $82,000 after purchasing an additional 303 shares during the period. GAMMA Investing LLC raised its position in shares of Telephone and Data Systems by 8.3% in the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock valued at $196,000 after purchasing an additional 440 shares during the period. Aigen Investment Management LP raised its position in shares of Telephone and Data Systems by 5.3% in the third quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider's stock valued at $316,000 after purchasing an additional 685 shares during the period. Quarry LP raised its position in shares of Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock valued at $61,000 after purchasing an additional 692 shares during the period. Finally, Innealta Capital LLC raised its position in shares of Telephone and Data Systems by 8.0% in the third quarter. Innealta Capital LLC now owns 11,313 shares of the Wireless communications provider's stock valued at $263,000 after purchasing an additional 835 shares during the period. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Stock Performance

NYSE:TDS traded up $0.52 during mid-day trading on Wednesday, reaching $37.96. 596,467 shares of the company's stock were exchanged, compared to its average volume of 754,367. Telephone and Data Systems, Inc. has a one year low of $13.69 and a one year high of $38.30. The firm has a market capitalization of $4.29 billion, a PE ratio of -7.03 and a beta of 0.80. The business's fifty day simple moving average is $34.81 and its two-hundred day simple moving average is $28.82. 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 Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. The ex-dividend date of this dividend was Monday, December 16th. Telephone and Data Systems's dividend payout ratio is -2.96%.

Analyst Upgrades and Downgrades

TDS has been the topic of several research analyst reports. Raymond James raised shares of Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price objective on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price target on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th.

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.