Victory Capital Management Inc. Has $926,000 Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Victory Capital Management Inc. trimmed its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 4.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 39,836 shares of the Wireless communications provider’s stock after selling 1,678 shares during the quarter. Victory Capital Management Inc.’s holdings in Telephone and Data Systems were worth $926,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. boosted its holdings in shares of Telephone and Data Systems by 4,082.9% during the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 1,674 shares during the period. Quarry LP acquired a new stake in shares of Telephone and Data Systems during the second quarter worth approximately $40,000. CWM LLC boosted its holdings in shares of Telephone and Data Systems by 57.0% during the second quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,430 shares during the period. Neo Ivy Capital Management acquired a new stake in shares of Telephone and Data Systems during the second quarter worth approximately $88,000. Finally, GAMMA Investing LLC boosted its holdings in shares of Telephone and Data Systems by 13.8% during the second quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider’s stock worth $100,000 after purchasing an additional 585 shares during the period. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on TDS. Raymond James raised shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a research report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Monday, November 4th.

Telephone and Data Systems Price Performance

Shares of TDS opened at $34.12 on Thursday. The firm has a market cap of $3.86 billion, a PE ratio of -6.32 and a beta of 0.77. The firm’s 50 day moving average price is $27.65 and its 200 day moving average price is $23.32. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. Telephone and Data Systems, Inc. has a twelve month low of $13.69 and a twelve month high of $34.76.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, beating the consensus estimate of ($0.18) by $0.19. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the firm earned ($0.16) earnings per share. The company’s revenue for the quarter was down 4.2% on a year-over-year basis. As a group, research analysts expect that Telephone and Data Systems, Inc. will post -0.36 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. The ex-dividend date of this dividend is Monday, December 16th. Telephone and Data Systems’s dividend payout ratio is -2.96%.

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.