Sequoia Financial Advisors LLC Has $254,000 Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Sequoia Financial Advisors LLC boosted its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 8.0% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 6,544 shares of the Wireless communications provider’s stock after acquiring an additional 485 shares during the quarter. Sequoia Financial Advisors LLC’s holdings in Telephone and Data Systems were worth $254,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Third Point LLC grew its stake in Telephone and Data Systems by 108.7% in the 4th quarter. Third Point LLC now owns 6,000,000 shares of the Wireless communications provider’s stock valued at $204,660,000 after buying an additional 3,125,000 shares during the last quarter. American Century Companies Inc. boosted its holdings in Telephone and Data Systems by 6.7% in the 4th quarter. American Century Companies Inc. now owns 3,229,568 shares of the Wireless communications provider’s stock valued at $110,161,000 after purchasing an additional 203,897 shares during the period. Gabelli Funds LLC boosted its holdings in Telephone and Data Systems by 1.1% in the 4th quarter. Gabelli Funds LLC now owns 1,899,767 shares of the Wireless communications provider’s stock valued at $64,801,000 after purchasing an additional 20,721 shares during the period. Carronade Capital Management LP bought a new stake in Telephone and Data Systems in the 4th quarter valued at $62,845,000. Finally, Silver Point Capital L.P. boosted its holdings in Telephone and Data Systems by 47.2% in the 4th quarter. Silver Point Capital L.P. now owns 1,840,000 shares of the Wireless communications provider’s stock valued at $62,762,000 after purchasing an additional 590,000 shares during the period. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TDS has been the subject of a number of research reports. JPMorgan Chase & Co. reduced their price target on shares of Telephone and Data Systems from $56.00 to $53.00 and set an “overweight” rating for the company in a report on Wednesday, May 28th. Wall Street Zen downgraded shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a report on Friday, May 30th. Finally, Raymond James Financial reissued an “outperform” rating and issued a $47.00 price target (down from $51.00) on shares of Telephone and Data Systems in a report on Monday, May 5th.

Telephone and Data Systems Price Performance

Shares of Telephone and Data Systems stock opened at $35.59 on Friday. The firm has a fifty day moving average price of $34.62 and a two-hundred day moving average price of $35.44. The company has a market cap of $4.06 billion, a PE ratio of -33.90 and a beta of 0.51. Telephone and Data Systems, Inc. has a fifty-two week low of $17.90 and a fifty-two week high of $41.21. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.74 and a quick ratio of 1.55.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, May 2nd. The Wireless communications provider reported ($0.09) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($0.07). The business had revenue of $1.15 billion for the quarter, compared to the consensus estimate of $1.18 billion. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 1.03%. Telephone and Data Systems’s revenue was down 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $0.10 earnings per share. Analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.45%. The ex-dividend date was Monday, June 16th. Telephone and Data Systems’s payout ratio is -15.24%.

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.