Diversified Trust Co Has $643,000 Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Diversified Trust Co raised its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 5.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 30,999 shares of the Wireless communications provider’s stock after acquiring an additional 1,640 shares during the period. Diversified Trust Co’s holdings in Telephone and Data Systems were worth $643,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of TDS. Principal Securities Inc. bought a new stake in Telephone and Data Systems during the 4th quarter valued at $25,000. Quarry LP acquired a new stake in shares of Telephone and Data Systems in the 4th quarter worth about $60,000. CWM LLC grew its position in Telephone and Data Systems by 57.0% in the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock worth $82,000 after purchasing an additional 1,430 shares in the last quarter. GAMMA Investing LLC bought a new position in shares of Telephone and Data Systems during the 4th quarter worth approximately $93,000. Finally, Quadrant Capital Group LLC grew its holdings in shares of Telephone and Data Systems by 14.0% in the fourth quarter. Quadrant Capital Group LLC now owns 5,062 shares of the Wireless communications provider’s stock valued at $93,000 after acquiring an additional 622 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

Shares of TDS stock traded down $0.02 during trading on Wednesday, hitting $20.39. The company had a trading volume of 28,647 shares, compared to its average volume of 1,126,209. The stock’s 50-day moving average is $20.54 and its two-hundred day moving average is $18.17. The stock has a market capitalization of $2.30 billion, a price-to-earnings ratio of -4.19 and a beta of 0.84. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 0.84. Telephone and Data Systems, Inc. has a 52 week low of $13.69 and a 52 week high of $23.35.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share for the quarter, meeting the consensus estimate of ($0.13). Telephone and Data Systems had a negative net margin of 9.31% and a positive return on equity of 0.73%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. During the same quarter last year, the company posted ($0.17) EPS. The business’s quarterly revenue was down 2.3% on a year-over-year basis. As a group, analysts predict that Telephone and Data Systems, Inc. will post -0.39 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.78%. The ex-dividend date is Monday, September 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -3.29%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on TDS shares. JPMorgan Chase & Co. cut their price objective on Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th. StockNews.com upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Monday, May 6th.

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.