Telephone and Data Systems, Inc. $TDS Stock Position Decreased by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 29.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 36,271 shares of the Wireless communications provider’s stock after selling 15,054 shares during the quarter. Segall Bryant & Hamill LLC’s holdings in Telephone and Data Systems were worth $1,527,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of TDS. Salomon & Ludwin LLC grew its holdings in shares of Telephone and Data Systems by 51.3% during the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 231 shares during the last quarter. JPL Wealth Management LLC acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth approximately $33,000. Caitong International Asset Management Co. Ltd raised its position in shares of Telephone and Data Systems by 2,779.5% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 1,084 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in shares of Telephone and Data Systems by 29.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider’s stock worth $46,000 after purchasing an additional 245 shares during the last quarter. Finally, Ameliora Wealth Management Ltd. bought a new stake in shares of Telephone and Data Systems in the 1st quarter worth approximately $90,000. Institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently commented on TDS shares. Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research note on Saturday, May 30th. Raymond James Financial cut Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Finally, Weiss Ratings downgraded shares of Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Two investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Telephone and Data Systems presently has an average rating of “Hold” and an average target price of $53.33.

Telephone and Data Systems Stock Up 4.0%

Shares of Telephone and Data Systems stock opened at $35.79 on Wednesday. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42. Telephone and Data Systems, Inc. has a 1-year low of $32.94 and a 1-year high of $49.12. The business’s fifty day moving average price is $36.80 and its two-hundred day moving average price is $41.61. The company has a market capitalization of $4.07 billion, a P/E ratio of 67.52 and a beta of 0.32.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.87) by $1.98. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The company had revenue of $309.45 million during the quarter, compared to analysts’ expectations of $313.27 million. During the same quarter in the prior year, the business posted ($0.09) earnings per share. The company’s revenue for the quarter was up 6.5% compared to the same quarter last year. As a group, research analysts forecast that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Tuesday, June 16th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.4%. The ex-dividend date was Tuesday, June 16th. Telephone and Data Systems’s dividend payout ratio is currently 30.19%.

About Telephone and Data Systems

Telephone and Data Systems, Inc (NYSE: TDS) is a diversified telecommunications company headquartered in Chicago, Illinois. Through its subsidiaries, the company provides a broad array of communications services, including wireless voice and data, wireline broadband and voice, cable television, and managed IT and cloud solutions. Its two primary operating units—TDS Telecom and U.S. Cellular—serve residential, business and wholesale customers across the United States.

TDS Telecom focuses on delivering broadband internet, digital voice, video and data communications services in primarily rural and suburban markets.