Atria Wealth Solutions Inc. Cuts Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Atria Wealth Solutions Inc. trimmed its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 9,604 shares of the Wireless communications provider’s stock after selling 1,100 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in Telephone and Data Systems were worth $328,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of TDS. Independence Bank of Kentucky purchased a new position in Telephone and Data Systems during the 4th quarter worth $41,000. Quarry LP boosted its holdings in Telephone and Data Systems by 35.5% in the third 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. Versant Capital Management Inc boosted its holdings 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 worth $82,000 after acquiring an additional 303 shares in the last quarter. Venturi Wealth Management LLC acquired a new position in shares of Telephone and Data Systems during the fourth quarter valued at about $155,000. Finally, KBC Group NV increased its holdings in shares of Telephone and Data Systems by 70.6% during the fourth quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider’s stock valued at $166,000 after acquiring an additional 2,008 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TDS has been the topic of several recent analyst reports. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective 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 Price Performance

Shares of NYSE TDS opened at $36.08 on Friday. The business’s 50 day moving average price is $35.82 and its 200 day moving average price is $30.28. The firm has a market cap of $4.08 billion, a P/E ratio of -6.68 and a beta of 0.80. 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 quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.23. The firm 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, sell-side analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.44%. Telephone and Data Systems’s dividend payout ratio is currently -18.60%.

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.