Net Worth Advisory Group Invests $259,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

Net Worth Advisory Group acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS) in the fourth quarter, Holdings Channel reports. The firm acquired 7,607 shares of the Wireless communications provider’s stock, valued at approximately $259,000.

Several other large investors have also recently added to or reduced their stakes in the business. Amundi increased its holdings in Telephone and Data Systems by 99.3% during the 4th quarter. Amundi now owns 60,920 shares of the Wireless communications provider’s stock worth $2,037,000 after purchasing an additional 30,350 shares during the period. Callan Family Office LLC acquired a new position in shares of Telephone and Data Systems during the fourth quarter worth about $363,000. Raymond James Financial Inc. purchased a new stake in shares of Telephone and Data Systems during the fourth quarter worth approximately $5,619,000. Aigen Investment Management LP raised its holdings in Telephone and Data Systems by 13.4% in the fourth quarter. Aigen Investment Management LP now owns 15,412 shares of the Wireless communications provider’s stock valued at $526,000 after acquiring an additional 1,823 shares in the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in Telephone and Data Systems during the 4th quarter worth approximately $2,422,000. 80.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. raised 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 Stock Performance

Shares of TDS opened at $34.53 on Wednesday. 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, Inc. has a 52-week low of $14.04 and a 52-week high of $41.21. The stock has a 50 day moving average price of $35.84 and a 200 day moving average price of $31.09. The company has a market capitalization of $3.94 billion, a price-to-earnings ratio of -6.40 and a beta of 0.75.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate 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 business had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Research analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -18.60%.

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.