World Investment Advisors LLC Takes $294,000 Position in Telephone and Data Systems, Inc. (NYSE:TDS)

World Investment Advisors LLC acquired a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,645 shares of the Wireless communications provider’s stock, valued at approximately $294,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blue Trust Inc. raised 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 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 2nd quarter valued at $40,000. Nisa Investment Advisors LLC raised its position in shares of Telephone and Data Systems by 14.0% in the second quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider’s stock worth $107,000 after buying an additional 630 shares in the last quarter. CWM LLC boosted its stake in Telephone and Data Systems by 26.8% during the third quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock valued at $116,000 after buying an additional 1,056 shares during the period. Finally, GAMMA Investing LLC boosted its position in shares of Telephone and Data Systems by 10.2% during the 3rd quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider’s stock valued at $123,000 after acquiring an additional 490 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Down 2.0 %

Shares of NYSE TDS opened at $33.06 on Thursday. The stock has a market capitalization of $3.74 billion, a P/E ratio of -6.12 and a beta of 0.81. Telephone and Data Systems, Inc. has a one year low of $13.69 and a one year high of $35.39. The firm’s 50 day simple moving average is $30.91 and its two-hundred day simple moving average is $24.85. 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 (NYSE:TDS) last released its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, beating the consensus estimate of ($0.18) by $0.19. The company had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm’s quarterly revenue was down 4.2% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.16) EPS. As a group, analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.48%. The ex-dividend date of this dividend is Monday, December 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -2.96%.

Analyst Upgrades and Downgrades

A number of research firms have commented on TDS. JPMorgan Chase & Co. boosted their price target on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target for the company in a research note on Thursday, November 7th.

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.