Consolidated Planning Corp Acquires 10,063 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Consolidated Planning Corp grew its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 35.4% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 38,516 shares of the Wireless communications provider’s stock after purchasing an additional 10,063 shares during the period. Consolidated Planning Corp’s holdings in Telephone and Data Systems were worth $1,314,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Independence Bank of Kentucky bought a new position in shares of Telephone and Data Systems in the 4th quarter valued at $41,000. Quarry LP boosted its holdings in shares of Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock valued at $61,000 after acquiring an additional 692 shares in the last quarter. Versant Capital Management Inc boosted its holdings in shares of Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 303 shares in the last quarter. CWM LLC boosted its holdings in shares of Telephone and Data Systems by 26.8% during the 3rd quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock valued at $116,000 after acquiring an additional 1,056 shares in the last quarter. Finally, KBC Group NV boosted its holdings in shares of Telephone and Data Systems by 70.6% during the 4th quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider’s stock valued at $166,000 after acquiring an additional 2,008 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts recently weighed in on TDS shares. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. raised their price objective on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 4th.

Telephone and Data Systems Price Performance

Shares of TDS opened at $37.96 on Thursday. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $38.30. The stock’s 50-day moving average price is $34.81 and its two-hundred day moving average price is $28.82. 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.42%. The ex-dividend date of this dividend was Monday, December 16th. Telephone and Data Systems’s payout ratio is presently -2.96%.

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.