Natixis Advisors LLC Lowers Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Natixis Advisors LLC decreased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 50.7% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 34,446 shares of the Wireless communications provider’s stock after selling 35,372 shares during the quarter. Natixis Advisors LLC’s holdings in Telephone and Data Systems were worth $1,175,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Independence Bank of Kentucky bought a new position in Telephone and Data Systems in the fourth quarter worth approximately $41,000. Quarry LP raised its position in shares of Telephone and Data Systems by 35.5% in the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after acquiring an additional 692 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in shares of Telephone and Data Systems during the 4th quarter worth $74,000. Versant Capital Management Inc grew its stake in Telephone and Data Systems by 14.5% in the fourth 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 last quarter. Finally, Farther Finance Advisors LLC grew its stake in Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock valued at $92,000 after purchasing an additional 1,156 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Up 2.2 %

Shares of TDS stock opened at $38.33 on Wednesday. The stock’s fifty day moving average price is $36.30 and its 200 day moving average price is $31.96. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21. The company has a market cap of $4.37 billion, a price-to-earnings ratio of -7.10 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results 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 business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. On average, research analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business 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 of this dividend is Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. Telephone and Data Systems’s payout ratio is currently -18.60%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. raised 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 report 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.