Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC decreased its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 57.1% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 112,344 shares of the Wireless communications provider's stock after selling 149,250 shares during the quarter. Krilogy Financial LLC owned about 0.10% of Telephone and Data Systems worth $3,832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TDS. Quarry LP acquired a new stake in shares of Telephone and Data Systems during the 2nd quarter worth approximately $40,000. Versant Capital Management Inc increased its stake in Telephone and Data Systems by 14.5% during the fourth 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 last quarter. CWM LLC raised its position in Telephone and Data Systems by 26.8% in the third quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider's stock valued at $116,000 after purchasing an additional 1,056 shares during the period. GAMMA Investing LLC lifted its stake in shares of Telephone and Data Systems by 10.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider's stock valued at $123,000 after purchasing an additional 490 shares during the last quarter. Finally, Quadrature Capital Ltd purchased a new position in shares of Telephone and Data Systems during the 3rd quarter worth $210,000. Institutional investors and hedge funds own 80.00% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. JPMorgan Chase & Co. boosted their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Raymond James upgraded shares of Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price target for the company in a research report on Thursday, November 7th.

Telephone and Data Systems Trading Up 3.3 %

Shares of TDS traded up $1.16 during midday trading on Friday, hitting $36.18. 717,978 shares of the stock were exchanged, compared to its average volume of 861,133. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The firm has a market cap of $4.09 billion, a P/E ratio of -6.70 and a beta of 0.81. Telephone and Data Systems, Inc. has a 52-week low of $13.69 and a 52-week high of $36.22. The stock has a fifty day simple moving average of $33.64 and a 200 day simple moving average of $27.01.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, beating analysts' consensus estimates of ($0.18) by $0.19. The company had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Telephone and Data Systems's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the business posted ($0.16) EPS. On average, research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, December 16th. Telephone and Data Systems's payout ratio is currently -2.96%.

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.