Telephone and Data Systems, Inc. $TDS Shares Sold by Krilogy Financial LLC

Krilogy Financial LLC reduced its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 40.4% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 102,639 shares of the Wireless communications provider’s stock after selling 69,714 shares during the quarter. Krilogy Financial LLC owned approximately 0.09% of Telephone and Data Systems worth $3,979,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Royal Bank of Canada raised its holdings in shares of Telephone and Data Systems by 25.8% during the first quarter. Royal Bank of Canada now owns 42,165 shares of the Wireless communications provider’s stock valued at $1,633,000 after buying an additional 8,640 shares during the last quarter. AQR Capital Management LLC increased its position in Telephone and Data Systems by 21.3% in the 1st quarter. AQR Capital Management LLC now owns 67,125 shares of the Wireless communications provider’s stock valued at $2,574,000 after acquiring an additional 11,769 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Telephone and Data Systems by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 58,721 shares of the Wireless communications provider’s stock valued at $2,275,000 after acquiring an additional 2,572 shares in the last quarter. United Services Automobile Association acquired a new position in Telephone and Data Systems during the 1st quarter worth $248,000. Finally, KLP Kapitalforvaltning AS grew its stake in shares of Telephone and Data Systems by 7.8% in the second quarter. KLP Kapitalforvaltning AS now owns 22,200 shares of the Wireless communications provider’s stock worth $790,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on TDS shares. Weiss Ratings restated a “sell (d)” rating on shares of Telephone and Data Systems in a research note on Monday, December 29th. Zacks Research downgraded shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a research report on Thursday, January 1st. Citigroup increased their price objective on shares of Telephone and Data Systems from $45.00 to $51.00 and gave the company a “buy” rating in a report on Wednesday, January 7th. Finally, Wall Street Zen cut Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Saturday, November 15th. Three investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $51.67.

Telephone and Data Systems Trading Down 0.3%

Telephone and Data Systems stock opened at $45.73 on Wednesday. The firm has a market cap of $5.26 billion, a price-to-earnings ratio of -42.34 and a beta of 0.32. Telephone and Data Systems, Inc. has a 1 year low of $31.07 and a 1 year high of $47.07. The firm’s 50 day moving average price is $41.87 and its two-hundred day moving average price is $39.88. The company has a debt-to-equity ratio of 0.20, a quick ratio of 1.88 and a current ratio of 1.89.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, December 30th. Investors of record on Monday, December 15th were paid a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 15th. This represents a $0.16 dividend on an annualized basis and a yield of 0.3%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -14.81%.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.