Diversified Trust Co Purchases 1,277 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Diversified Trust Co lifted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 4.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,359 shares of the Wireless communications provider’s stock after buying an additional 1,277 shares during the quarter. Diversified Trust Co’s holdings in Telephone and Data Systems were worth $470,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in the company. Quadrant Capital Group LLC grew its holdings in Telephone and Data Systems by 14.0% during the 4th quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock worth $93,000 after acquiring an additional 622 shares in the last quarter. Principal Securities Inc. purchased a new stake in shares of Telephone and Data Systems in the 4th quarter worth approximately $25,000. Anchor Investment Management LLC bought a new position in shares of Telephone and Data Systems during the fourth quarter valued at approximately $46,000. Franklin Resources Inc. boosted its stake in shares of Telephone and Data Systems by 4.1% during the fourth quarter. Franklin Resources Inc. now owns 74,215 shares of the Wireless communications provider’s stock valued at $1,362,000 after purchasing an additional 2,892 shares in the last quarter. Finally, Quarry LP bought a new position in Telephone and Data Systems in the fourth quarter worth approximately $60,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on TDS. JPMorgan Chase & Co. dropped their target price on Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. StockNews.com upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Monday, May 6th.

Telephone and Data Systems Stock Performance

NYSE:TDS opened at $20.27 on Thursday. The firm has a 50 day moving average of $19.15 and a 200 day moving average of $17.68. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.58 and a quick ratio of 1.40. Telephone and Data Systems, Inc. has a 52 week low of $7.00 and a 52 week high of $23.35.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, beating the consensus estimate of ($0.05) by $0.15. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. The firm had revenue of $1.26 billion during the quarter, compared to analyst estimates of $1.26 billion. During the same quarter in the prior year, the business posted ($0.08) EPS. The business’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, research analysts predict that Telephone and Data Systems, Inc. will post -0.32 earnings per share for the current fiscal year.

Telephone and Data Systems Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 14th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.79%. Telephone and Data Systems’s payout ratio is -3.29%.

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.