Natixis Advisors LLC Sells 35,372 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Natixis Advisors LLC reduced its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 50.7% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 34,446 shares of the Wireless communications provider's stock after selling 35,372 shares during the quarter. Natixis Advisors LLC's holdings in Telephone and Data Systems were worth $1,175,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Swiss National Bank boosted its holdings in Telephone and Data Systems by 0.8% in the 4th quarter. Swiss National Bank now owns 198,100 shares of the Wireless communications provider's stock worth $6,757,000 after buying an additional 1,500 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 1,156 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in Telephone and Data Systems during the fourth quarter valued at approximately $207,000. Inspire Advisors LLC lifted its holdings in shares of Telephone and Data Systems by 3.8% during the 4th quarter. Inspire Advisors LLC now owns 76,556 shares of the Wireless communications provider's stock worth $2,611,000 after acquiring an additional 2,797 shares during the last quarter. Finally, Net Worth Advisory Group purchased a new position in shares of Telephone and Data Systems in the 4th quarter worth about $259,000. Hedge funds and other institutional investors own 80.00% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lifted their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th.

Telephone and Data Systems Stock Performance

TDS traded down $0.23 during midday trading on Friday, hitting $38.54. 715,047 shares of the company traded hands, compared to its average volume of 1,071,980. The firm has a market capitalization of $4.39 billion, a PE ratio of -7.14 and a beta of 0.75. The company's 50-day moving average is $36.48 and its 200 day moving average is $32.23. 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 quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued 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. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. On average, research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.42%. Telephone and Data Systems's payout ratio is presently -18.60%.

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.