Hoey Investments Inc. Decreases Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Hoey Investments Inc. cut its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 39.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,793 shares of the Wireless communications provider’s stock after selling 1,187 shares during the quarter. Hoey Investments Inc.’s holdings in Telephone and Data Systems were worth $61,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the business. Independence Bank of Kentucky bought a new position in Telephone and Data Systems during the fourth quarter valued at $41,000. SBI Securities Co. Ltd. purchased a new stake in shares of Telephone and Data Systems during the 4th quarter valued at about $74,000. Versant Capital Management Inc lifted its holdings in shares of Telephone and Data Systems by 14.5% in 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 during the last quarter. Quarry LP grew its position in 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 worth $61,000 after acquiring an additional 692 shares in the last quarter. Finally, Farther Finance Advisors LLC increased its stake in Telephone and Data Systems by 74.5% during the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock worth $92,000 after acquiring an additional 1,156 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Stock Performance

Shares of NYSE:TDS opened at $38.54 on Monday. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 12 month low of $14.04 and a 12 month high of $41.21. The company has a market capitalization of $4.39 billion, a price-to-earnings ratio of -7.14 and a beta of 0.75. The firm’s 50-day moving average is $36.48 and its 200 day moving average is $32.30.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating analysts’ consensus estimates of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.23 billion. Research analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.04 per share. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.42%. Telephone and Data Systems’s dividend payout ratio (DPR) is -18.60%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their price objective on Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research note 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.