Telephone and Data Systems, Inc. (NYSE:TDS) Shares Purchased by Diversified Trust Co

Diversified Trust Co grew its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 29,359 shares of the Wireless communications provider’s stock after purchasing an additional 1,277 shares during the period. Diversified Trust Co’s holdings in Telephone and Data Systems were worth $470,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings 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 valued at $224,762,000 after buying an additional 565,371 shares during the period. Dimensional Fund Advisors LP increased its stake in Telephone and Data Systems by 19.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,785,251 shares of the Wireless communications provider’s stock worth $87,810,000 after purchasing an additional 774,892 shares during the period. American Century Companies Inc. lifted its position in shares of Telephone and Data Systems by 9.9% during the third quarter. American Century Companies Inc. now owns 1,579,230 shares of the Wireless communications provider’s stock worth $28,916,000 after purchasing an additional 142,844 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Telephone and Data Systems by 1.6% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,328,067 shares of the Wireless communications provider’s stock valued at $24,370,000 after purchasing an additional 20,516 shares during the period. Finally, Northern Trust Corp grew its holdings in shares of Telephone and Data Systems by 1.2% in the third quarter. Northern Trust Corp now owns 1,102,532 shares of the Wireless communications provider’s stock valued at $20,187,000 after purchasing an additional 13,095 shares in the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TDS shares. StockNews.com upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Monday, May 6th. JPMorgan Chase & Co. reduced their price objective on Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research note on Wednesday, May 29th.

Telephone and Data Systems Stock Performance

NYSE TDS opened at $20.27 on Thursday. Telephone and Data Systems, Inc. has a 52 week low of $7.00 and a 52 week high of $23.35. The firm has a 50 day moving average of $19.15 and a two-hundred day moving average of $17.68. The company has a current ratio of 1.58, a quick ratio of 1.40 and a debt-to-equity ratio of 0.84.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 earnings per share for the quarter, topping the consensus estimate of ($0.05) by $0.15. The firm had revenue of $1.26 billion during the quarter, compared to analysts’ expectations of $1.26 billion. Telephone and Data Systems had a positive return on equity of 0.62% and a negative net margin of 9.36%. The firm’s revenue was down 3.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.08) earnings per share. Sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.32 earnings per share for the current fiscal year.

Telephone and Data Systems Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 14th were paid a dividend of $0.04 per share. The ex-dividend date of this dividend was Friday, June 14th. This represents a $0.16 annualized dividend and a yield of 0.79%. Telephone and Data Systems’s dividend payout ratio is currently -3.29%.

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.