Net Worth Advisory Group Buys Shares of 7,607 Telephone and Data Systems, Inc. (NYSE:TDS)

Net Worth Advisory Group bought a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund bought 7,607 shares of the Wireless communications provider’s stock, valued at approximately $259,000.

Other large investors have also made changes to their positions in the company. Versant Capital Management Inc boosted its stake in Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock worth $82,000 after buying an additional 303 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Telephone and Data Systems by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider’s stock worth $196,000 after acquiring an additional 440 shares during the period. Aigen Investment Management LP boosted its position in shares of Telephone and Data Systems by 5.3% during the 3rd quarter. Aigen Investment Management LP now owns 13,589 shares of the Wireless communications provider’s stock valued at $316,000 after acquiring an additional 685 shares during the last quarter. Quarry LP grew its holdings in shares of Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after purchasing an additional 692 shares during the period. Finally, Independence Bank of Kentucky acquired a new stake in Telephone and Data Systems during the fourth quarter worth about $41,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Performance

Shares of Telephone and Data Systems stock opened at $34.53 on Wednesday. The firm has a market cap of $3.94 billion, a PE ratio of -6.40 and a beta of 0.75. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 52 week low of $14.04 and a 52 week high of $41.21. The business’s fifty day simple moving average is $35.84 and its 200-day simple moving average is $31.09.

Telephone and Data Systems (NYSE:TDS) last announced its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.23. The company had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Equities analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.46%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems’s dividend payout ratio (DPR) is -18.60%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a report on Monday, February 24th.

About Telephone and Data Systems

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.