Raymond James Financial Services Advisors Inc. lowered its position in Telephone and Data Systems, Inc. (NYSE:TDS – Get Rating) by 12.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 185,458 shares of the Wireless communications provider's stock after selling 25,314 shares during the period. Raymond James Financial Services Advisors Inc. owned about 0.16% of Telephone and Data Systems worth $3,501,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. First Quadrant LLC CA bought a new stake in shares of Telephone and Data Systems in the first quarter worth $36,000. Covestor Ltd bought a new stake in Telephone and Data Systems during the fourth quarter valued at about $51,000. Creative Financial Designs Inc. ADV grew its holdings in Telephone and Data Systems by 239.6% during the first quarter. Creative Financial Designs Inc. ADV now owns 3,090 shares of the Wireless communications provider's stock valued at $58,000 after purchasing an additional 2,180 shares during the period. Northwestern Mutual Wealth Management Co. grew its holdings in Telephone and Data Systems by 122.5% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,823 shares of the Wireless communications provider's stock valued at $72,000 after purchasing an additional 2,105 shares during the period. Finally, Point72 Hong Kong Ltd grew its holdings in Telephone and Data Systems by 29.9% during the fourth quarter. Point72 Hong Kong Ltd now owns 6,319 shares of the Wireless communications provider's stock valued at $127,000 after purchasing an additional 1,453 shares during the period. Institutional investors own 82.54% of the company's stock.
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Telephone and Data Systems Stock Performance
NYSE:TDS opened at $16.16 on Friday. The stock has a 50-day simple moving average of $16.12 and a two-hundred day simple moving average of $17.50. Telephone and Data Systems, Inc. has a 52-week low of $14.46 and a 52-week high of $21.47. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.49 and a current ratio of 1.66. The firm has a market capitalization of $1.85 billion, a PE ratio of 18.57 and a beta of 1.02.
Telephone and Data Systems (NYSE:TDS – Get Rating) last released its quarterly earnings results on Thursday, August 4th. The Wireless communications provider reported $0.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.04 by $0.11. Telephone and Data Systems had a return on equity of 2.95% and a net
margin of 3.11%. During the same quarter last year, the firm earned $0.17 earnings per share. Analysts forecast that Telephone and Data Systems, Inc. will post 0.41 EPS for the current year.
Telephone and Data Systems Dividend Announcement
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 30th. Stockholders of record on Thursday, September 15th will be paid a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 4.46%. The ex-dividend date is Wednesday, September 14th. Telephone and Data Systems's dividend payout ratio (DPR) is 82.76%.
Telephone and Data Systems Company Profile
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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, routers, 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.
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