Thrivent Financial for Lutherans Sells 23,942 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Thrivent Financial for Lutherans cut its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 15.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 132,398 shares of the Wireless communications provider's stock after selling 23,942 shares during the quarter. Thrivent Financial for Lutherans owned about 0.12% of Telephone and Data Systems worth $4,516,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Cibc World Markets Corp acquired a new stake in shares of Telephone and Data Systems in the 4th quarter valued at approximately $315,000. Envestnet Portfolio Solutions Inc. acquired a new stake in Telephone and Data Systems in the fourth quarter worth $205,000. Swiss National Bank increased its position in shares of 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 valued at $6,757,000 after buying an additional 1,500 shares in the last quarter. Farther Finance Advisors LLC increased its position 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 buying an additional 1,156 shares in the last quarter. Finally, Sequoia Financial Advisors LLC bought a new position in Telephone and Data Systems during the fourth quarter worth about $207,000. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Stock Up 1.9 %

TDS stock traded up $0.71 during trading hours on Thursday, reaching $38.79. 750,581 shares of the stock were exchanged, compared to its average volume of 1,022,712. The firm's 50-day moving average is $36.44 and its 200-day moving average is $32.05. Telephone and Data Systems, Inc. has a 12 month low of $14.04 and a 12 month high of $41.21. The company has a market cap of $4.42 billion, a price-to-earnings ratio of -7.18 and a beta of 0.75. 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 posted its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. On average, equities research analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date of this dividend is Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -18.60%.

Analyst Ratings Changes

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

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.