Atria Wealth Solutions Inc. Cuts Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Atria Wealth Solutions Inc. cut its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 10.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 9,604 shares of the Wireless communications provider’s stock after selling 1,100 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Telephone and Data Systems were worth $328,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of TDS. Silver Point Capital L.P. purchased a new position in Telephone and Data Systems during the third quarter worth $29,062,000. Loomis Sayles & Co. L P boosted its stake in Telephone and Data Systems by 35.3% during the third quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider’s stock worth $12,163,000 after buying an additional 136,419 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its position in shares of Telephone and Data Systems by 66.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider’s stock worth $6,624,000 after purchasing an additional 113,862 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Telephone and Data Systems by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider’s stock valued at $34,035,000 after purchasing an additional 103,114 shares during the period. Finally, Point72 Asset Management L.P. grew its holdings in shares of Telephone and Data Systems by 26.9% in the third quarter. Point72 Asset Management L.P. now owns 470,018 shares of the Wireless communications provider’s stock worth $10,928,000 after purchasing an additional 99,520 shares during the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Price Performance

Shares of TDS stock opened at $36.08 on Friday. Telephone and Data Systems, Inc. has a twelve month low of $14.04 and a twelve month high of $41.21. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The stock has a fifty day simple moving average of $35.82 and a two-hundred day simple moving average of $30.28. The stock has a market capitalization of $4.08 billion, a price-to-earnings ratio of -6.68 and a beta of 0.80.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.32) by $0.23. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. On average, analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.44%. Telephone and Data Systems’s dividend payout ratio is presently -18.60%.

Analyst Upgrades and Downgrades

TDS has been the subject of a number of research analyst reports. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, February 24th.

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.