Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. trimmed its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 9.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 36,011 shares of the Wireless communications provider’s stock after selling 3,825 shares during the period. Victory Capital Management Inc.’s holdings in Telephone and Data Systems were worth $1,228,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. Independence Bank of Kentucky acquired a new stake in Telephone and Data Systems during the 4th quarter valued at $41,000. Quarry LP raised its stake in Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after purchasing an additional 692 shares during the period. SBI Securities Co. Ltd. acquired a new stake in Telephone and Data Systems during the 4th quarter valued at $74,000. Versant Capital Management Inc raised its stake in Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 303 shares during the period. Finally, Smartleaf Asset Management LLC raised its stake in Telephone and Data Systems by 139.9% during the 4th quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider’s stock valued at $128,000 after purchasing an additional 2,186 shares during the period. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Trading Up 0.2 %

Shares of NYSE:TDS opened at $35.40 on Thursday. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21. The firm has a fifty day moving average price of $36.01 and a 200 day moving average price of $31.53. The stock has a market capitalization of $4.04 billion, a PE ratio of -6.55 and a beta of 0.75.

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

Telephone and Data Systems Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s payout ratio is presently -18.60%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. upped their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a research note on Monday, February 24th.

Telephone and Data Systems Company 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.