Mutual of America Capital Management LLC Sells 1,535 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Mutual of America Capital Management LLC lessened its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 9.5% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,668 shares of the Wireless communications provider’s stock after selling 1,535 shares during the period. Mutual of America Capital Management LLC’s holdings in Telephone and Data Systems were worth $341,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. TCW Group Inc. lifted its holdings in shares of Telephone and Data Systems by 15.8% during the 2nd 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. Tidal Investments LLC bought a new stake in shares of Telephone and Data Systems during the 1st quarter worth approximately $1,048,000. Vanguard Group Inc. lifted its holdings in shares of Telephone and Data Systems by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock worth $201,365,000 after acquiring an additional 320,976 shares during the period. Allspring Global Investments Holdings LLC bought a new position in Telephone and Data Systems in the 2nd quarter valued at approximately $2,369,000. Finally, Algert Global LLC lifted its stake in Telephone and Data Systems by 35.8% in the 2nd quarter. Algert Global LLC now owns 220,145 shares of the Wireless communications provider’s stock valued at $4,564,000 after purchasing an additional 57,981 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Trading Down 0.6 %

Shares of NYSE TDS opened at $34.12 on Friday. 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 52-week low of $13.69 and a 52-week high of $34.76. The firm has a 50 day moving average price of $27.87 and a two-hundred day moving average price of $23.39. The stock has a market cap of $3.86 billion, a P/E ratio of -6.32 and a beta of 0.77.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the prior year, the company posted ($0.16) EPS. The company’s revenue was down 4.2% on a year-over-year basis. As a group, equities analysts forecast that Telephone and Data Systems, Inc. will post -0.36 EPS for the current year.

Telephone and Data Systems Dividend Announcement

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

Analyst Upgrades and Downgrades

Several brokerages recently commented 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 for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased 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 note on Monday, November 4th.

About Telephone and Data Systems

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.