Thrivent Financial for Lutherans Has $3.64 Million Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Thrivent Financial for Lutherans decreased its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 4.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,340 shares of the Wireless communications provider’s stock after selling 7,062 shares during the period. Thrivent Financial for Lutherans owned 0.14% of Telephone and Data Systems worth $3,635,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Blue Trust Inc. increased its stake in shares of Telephone and Data Systems by 4,082.9% during the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 1,674 shares during the last quarter. Quarry LP acquired a new position in Telephone and Data Systems during the second quarter worth $40,000. CWM LLC raised its holdings in Telephone and Data Systems by 57.0% during the second quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 1,430 shares in the last quarter. Neo Ivy Capital Management acquired a new stake in shares of Telephone and Data Systems in the second quarter worth about $88,000. Finally, GAMMA Investing LLC boosted its stake in shares of Telephone and Data Systems by 13.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider’s stock worth $100,000 after acquiring an additional 585 shares in the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. JPMorgan Chase & Co. raised their price objective on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a report on Thursday, November 7th.

Telephone and Data Systems Stock Down 2.0 %

Telephone and Data Systems stock opened at $33.36 on Tuesday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $34.57. The firm has a fifty day moving average price of $27.22 and a two-hundred day moving average price of $23.14. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of -6.18 and a beta of 0.77.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.18) by $0.19. The business had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm’s revenue was down 4.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.16) EPS. As a group, analysts forecast that Telephone and Data Systems, Inc. will post -0.36 earnings per share for the current year.

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.