State of Alaska Department of Revenue Sells 2,289 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

State of Alaska Department of Revenue cut its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 4.0% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 55,651 shares of the Wireless communications provider’s stock after selling 2,289 shares during the period. State of Alaska Department of Revenue’s holdings in Telephone and Data Systems were worth $1,293,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Blue Trust Inc. increased its position in 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 valued at $36,000 after purchasing an additional 1,674 shares during the period. Quarry LP purchased a new position in shares of Telephone and Data Systems during the second quarter valued at about $40,000. CWM LLC raised its stake in Telephone and Data Systems by 57.0% in the second quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock worth $82,000 after buying an additional 1,430 shares in the last quarter. Neo Ivy Capital Management purchased a new stake in Telephone and Data Systems in the second quarter worth about $88,000. Finally, GAMMA Investing LLC boosted its position in 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 valued at $100,000 after acquiring an additional 585 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Down 7.6 %

TDS stock opened at $27.48 on Monday. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -5.69 and a beta of 0.77. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.37 and a current ratio of 1.51. The business’s 50 day moving average price is $24.58 and its two-hundred day moving average price is $21.37. Telephone and Data Systems, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $30.44.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.14) by $0.15. The company had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. The firm’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.16) earnings per share. As a group, analysts forecast that Telephone and Data Systems, Inc. will post -0.44 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently disclosed 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. This represents a $0.16 annualized dividend and a yield of 0.58%. The ex-dividend date was Monday, September 16th. Telephone and Data Systems’s payout ratio is currently -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.