Inspire Investing LLC Reduces Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Inspire Investing LLC lowered its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 78.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 11,746 shares of the Wireless communications provider's stock after selling 42,337 shares during the quarter. Inspire Investing LLC's holdings in Telephone and Data Systems were worth $401,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Silver Point Capital L.P. purchased a new stake in Telephone and Data Systems during the third quarter worth $29,062,000. Millennium Management LLC boosted its position in Telephone and Data Systems by 34.0% during the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider's stock valued at $40,430,000 after purchasing an additional 495,189 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of Telephone and Data Systems during the 2nd quarter worth approximately $7,680,000. Bank of Montreal Can lifted its position in Telephone and Data Systems by 935.4% during the second quarter. Bank of Montreal Can now owns 197,754 shares of the Wireless communications provider's stock valued at $4,135,000 after acquiring an additional 178,654 shares during the last quarter. Finally, Loomis Sayles & Co. L P boosted its stake in Telephone and Data Systems by 35.3% in the third quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider's stock valued at $12,163,000 after acquiring an additional 136,419 shares in the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Telephone and Data Systems Stock Performance

TDS stock traded down $0.31 during midday trading on Monday, reaching $35.59. The stock had a trading volume of 745,635 shares, compared to its average volume of 768,847. The firm has a fifty day simple moving average of $34.12 and a two-hundred day simple moving average of $27.56. 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 stock has a market cap of $4.02 billion, a PE ratio of -6.59 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 $36.53.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.19. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Telephone and Data Systems's quarterly revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. As a group, equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a $0.04 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.16 annualized dividend and a yield of 0.45%. Telephone and Data Systems's dividend payout ratio is presently -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.