Inspire Advisors LLC Acquires 2,797 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Inspire Advisors LLC increased its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 3.8% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 76,556 shares of the Wireless communications provider’s stock after buying an additional 2,797 shares during the period. Inspire Advisors LLC owned 0.07% of Telephone and Data Systems worth $2,611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp boosted its holdings in Telephone and Data Systems by 1.6% in the 3rd quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider’s stock valued at $93,908,000 after purchasing an additional 65,432 shares during the period. Geode Capital Management LLC boosted its holdings in Telephone and Data Systems by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider’s stock valued at $53,278,000 after purchasing an additional 43,470 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in Telephone and Data Systems by 7.6% in the 3rd 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. Silver Point Capital L.P. bought a new position in Telephone and Data Systems in the 3rd quarter valued at $29,062,000. Finally, FMR LLC boosted its holdings in Telephone and Data Systems by 0.3% in the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider’s stock valued at $26,797,000 after purchasing an additional 3,002 shares during the period. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Stock Performance

NYSE TDS opened at $32.23 on Tuesday. Telephone and Data Systems, Inc. has a 52-week low of $14.04 and a 52-week high of $41.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company has a market capitalization of $3.67 billion, a P/E ratio of -5.97 and a beta of 0.75. The company has a fifty day moving average of $35.84 and a 200-day moving average of $31.00.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $1.23 billion. As a group, equities research analysts predict 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 disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.50%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s dividend 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.

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.