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

Bfsg LLC cut its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 3.4% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 21,056 shares of the Wireless communications provider’s stock after selling 730 shares during the period. Bfsg LLC’s holdings in Telephone and Data Systems were worth $386,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of the business. Anchor Investment Management LLC purchased a new position in Telephone and Data Systems in the 4th quarter valued at about $46,000. GAMMA Investing LLC purchased a new position in Telephone and Data Systems in the 4th quarter valued at about $93,000. Neo Ivy Capital Management purchased a new position in Telephone and Data Systems in the 3rd quarter worth approximately $109,000. Waldron Private Wealth LLC purchased a new position in Telephone and Data Systems in the 3rd quarter worth approximately $201,000. Finally, PNC Financial Services Group Inc. lifted its stake in Telephone and Data Systems by 104.5% in the 3rd quarter. PNC Financial Services Group Inc. now owns 19,043 shares of the Wireless communications provider’s stock worth $349,000 after purchasing an additional 9,730 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Trading Up 2.3 %

NYSE TDS traded up $0.36 on Wednesday, reaching $16.07. The stock had a trading volume of 716,921 shares, compared to its average volume of 944,640. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of -3.12 and a beta of 0.81. The company has a quick ratio of 1.23, a current ratio of 1.40 and a debt-to-equity ratio of 0.83. Telephone and Data Systems, Inc. has a 12-month low of $6.43 and a 12-month high of $21.75. The stock has a fifty day moving average price of $15.55 and a two-hundred day moving average price of $17.53.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, February 16th. The Wireless communications provider reported ($0.11) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.12) by $0.01. The company had revenue of $1.31 billion for the quarter, compared to analyst estimates of $1.28 billion. Telephone and Data Systems had a positive return on equity of 0.21% and a negative net margin of 9.69%. The firm’s quarterly revenue was down 3.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.38) earnings per share. As a group, sell-side analysts forecast that Telephone and Data Systems, Inc. will post -1 EPS for the current fiscal year.

Telephone and Data Systems Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 28th. Stockholders of record on Friday, March 15th were given a dividend of $0.19 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.76 dividend on an annualized basis and a dividend yield of 4.73%. This is a positive change from Telephone and Data Systems’s previous quarterly dividend of $0.19. Telephone and Data Systems’s dividend payout ratio is currently -15.05%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Tuesday, March 26th.

About Telephone and Data Systems

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.