NewEdge Advisors LLC Has $1.69 Million Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

NewEdge Advisors LLC boosted its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 10.5% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 81,576 shares of the Wireless communications provider’s stock after buying an additional 7,775 shares during the period. NewEdge Advisors LLC owned approximately 0.07% of Telephone and Data Systems worth $1,691,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of TDS. TCW Group Inc. increased its position in Telephone and Data Systems by 15.8% during the second quarter. TCW Group Inc. now owns 549,432 shares of the Wireless communications provider’s stock worth $11,390,000 after acquiring an additional 74,913 shares during the period. Susquehanna Fundamental Investments LLC bought a new stake in shares of Telephone and Data Systems in the first quarter valued at about $745,000. Tidal Investments LLC acquired a new stake in Telephone and Data Systems during the first quarter worth about $1,048,000. UniSuper Management Pty Ltd acquired a new position in Telephone and Data Systems in the 1st quarter valued at approximately $401,000. Finally, Vanguard Group Inc. raised its holdings in Telephone and Data Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock valued at $201,365,000 after acquiring an additional 320,976 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of NYSE:TDS opened at $23.30 on Friday. The firm has a market capitalization of $2.63 billion, a PE ratio of -4.78 and a beta of 0.81. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 0.84. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $24.92. The business’s 50 day moving average is $22.26 and its 200-day moving average is $19.83.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). Telephone and Data Systems had a negative net margin of 9.31% and a positive return on equity of 0.73%. The firm had revenue of $1.24 billion for the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the previous year, the company earned ($0.17) earnings per share. The business’s revenue was down 2.3% compared to the same quarter last year. Sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.44 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a $0.04 dividend. The ex-dividend date was Monday, September 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.69%. Telephone and Data Systems’s payout ratio is currently -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.