Evergreen Capital Management LLC Decreases Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Evergreen Capital Management LLC lowered its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 5.6% during the second quarter, Holdings Channel.com reports. The firm owned 10,674 shares of the Wireless communications provider’s stock after selling 637 shares during the quarter. Evergreen Capital Management LLC’s holdings in Telephone and Data Systems were worth $221,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in TDS. Vanguard Group Inc. boosted its holdings in shares of Telephone and Data Systems by 2.6% in the 1st quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider’s stock valued at $201,365,000 after buying an additional 320,976 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Telephone and Data Systems by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock valued at $124,761,000 after acquiring an additional 507,512 shares during the last quarter. American Century Companies Inc. boosted its stake in Telephone and Data Systems by 8.4% in the second quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider’s stock valued at $55,058,000 after acquiring an additional 206,819 shares in the last quarter. Gamco Investors INC. ET AL grew its holdings in Telephone and Data Systems by 4.4% in the first quarter. Gamco Investors INC. ET AL now owns 2,092,042 shares of the Wireless communications provider’s stock worth $33,515,000 after purchasing an additional 88,994 shares during the last quarter. Finally, Bridgeway Capital Management LLC increased its position in shares of Telephone and Data Systems by 17.1% during the first quarter. Bridgeway Capital Management LLC now owns 1,246,195 shares of the Wireless communications provider’s stock worth $19,964,000 after purchasing an additional 181,790 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Stock Up 2.3 %

Telephone and Data Systems stock opened at $24.08 on Friday. The business has a fifty day moving average price of $22.00 and a 200-day moving average price of $19.54. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $24.92. The stock has a market capitalization of $2.72 billion, a price-to-earnings ratio of -4.94 and a beta of 0.81. The company has a debt-to-equity ratio of 0.84, a current ratio of 1.51 and a quick ratio of 1.37.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.13). Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm earned ($0.17) earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. Equities research analysts forecast that Telephone and Data Systems, Inc. will post -0.43 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.04 per share. The ex-dividend date is Monday, September 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.66%. Telephone and Data Systems’s payout ratio is -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.