Telephone and Data Systems, Inc. $TDS Position Raised by Hennion & Walsh Asset Management Inc.

Hennion & Walsh Asset Management Inc. boosted its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 225.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 24,790 shares of the Wireless communications provider’s stock after purchasing an additional 17,172 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Telephone and Data Systems were worth $1,016,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Bessemer Group Inc. raised its stake in shares of Telephone and Data Systems by 65.6% in the 3rd quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock worth $28,000 after buying an additional 277 shares in the last quarter. Jones Financial Companies Lllp boosted its stake in Telephone and Data Systems by 121.3% during the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 455 shares in the last quarter. JPL Wealth Management LLC acquired a new position in Telephone and Data Systems during the third quarter worth about $33,000. EverSource Wealth Advisors LLC grew its holdings in Telephone and Data Systems by 191.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after acquiring an additional 861 shares during the period. Finally, Aster Capital Management DIFC Ltd raised its position in Telephone and Data Systems by 48.4% in the third quarter. Aster Capital Management DIFC Ltd now owns 2,402 shares of the Wireless communications provider’s stock worth $94,000 after acquiring an additional 783 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Trading Up 1.9%

NYSE:TDS opened at $44.97 on Friday. The stock has a fifty day simple moving average of $44.44 and a 200 day simple moving average of $41.21. The firm has a market capitalization of $5.17 billion, a price-to-earnings ratio of -69.19 and a beta of 0.31. Telephone and Data Systems, Inc. has a 1-year low of $31.07 and a 1-year high of $47.79. The company has a quick ratio of 2.09, a current ratio of 2.10 and a debt-to-equity ratio of 0.20.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, February 20th. The Wireless communications provider reported $0.32 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.09 by $0.23. Telephone and Data Systems had a positive return on equity of 2.25% and a negative net margin of 0.21%.The firm had revenue of $330.71 million for the quarter, compared to the consensus estimate of $319.28 million. During the same quarter in the previous year, the company earned ($0.10) EPS. The business’s revenue for the quarter was up 12.0% compared to the same quarter last year. Sell-side analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.4%. Telephone and Data Systems’s payout ratio is currently -24.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the stock. Zacks Research downgraded shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Wall Street Zen downgraded shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Sunday, March 1st. Citigroup increased their target price on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Finally, Weiss Ratings upgraded shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, February 24th. Three analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

Telephone and Data Systems Profile

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.