Inspire Advisors LLC Reduces Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Inspire Advisors LLC reduced its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 15.2% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 73,759 shares of the Wireless communications provider’s stock after selling 13,174 shares during the period. Inspire Advisors LLC’s holdings in Telephone and Data Systems were worth $1,715,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in TDS. Vanguard Group Inc. grew its stake in shares of Telephone and Data Systems by 4.8% in the 4th quarter. Vanguard Group Inc. now owns 12,248,615 shares of the Wireless communications provider’s stock worth $224,762,000 after buying an additional 565,371 shares in the last quarter. Diversified Trust Co grew its stake in shares of Telephone and Data Systems by 4.5% in the 1st quarter. Diversified Trust Co now owns 29,359 shares of the Wireless communications provider’s stock worth $470,000 after buying an additional 1,277 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Telephone and Data Systems by 26.1% in the 1st quarter. BNP Paribas Financial Markets now owns 86,106 shares of the Wireless communications provider’s stock worth $1,379,000 after buying an additional 17,825 shares in the last quarter. Central Pacific Bank Trust Division purchased a new position in shares of Telephone and Data Systems during the 1st quarter worth about $423,000. Finally, Texas Permanent School Fund Corp boosted its stake in shares of Telephone and Data Systems by 1.4% during the 1st quarter. Texas Permanent School Fund Corp now owns 86,276 shares of the Wireless communications provider’s stock worth $1,382,000 after purchasing an additional 1,154 shares during the period. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Trading Up 17.0 %

Shares of TDS stock traded up $4.29 during trading hours on Friday, reaching $29.55. 1,904,588 shares of the stock were exchanged, compared to its average volume of 1,080,809. Telephone and Data Systems, Inc. has a 12-month low of $13.69 and a 12-month high of $30.44. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 0.84. The company’s 50-day moving average price is $22.85 and its 200-day moving average price is $20.30. The firm has a market capitalization of $3.34 billion, a price-to-earnings ratio of -5.79 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) EPS for the quarter, hitting analysts’ consensus estimates of ($0.13). Telephone and Data Systems had a negative net margin of 9.31% and a positive return on equity of 0.73%. The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. During the same period in the previous year, the company earned ($0.17) EPS. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. As a group, equities analysts anticipate that Telephone and Data Systems, Inc. will post -0.44 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were paid a dividend of $0.04 per share. The ex-dividend date was Monday, September 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.54%. Telephone and Data Systems’s dividend payout ratio is presently -3.31%.

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.