Teacher Retirement System of Texas Sells 32,985 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Teacher Retirement System of Texas lowered its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 40.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 48,813 shares of the Wireless communications provider’s stock after selling 32,985 shares during the quarter. Teacher Retirement System of Texas’ holdings in Telephone and Data Systems were worth $1,665,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the company. Xponance Inc. acquired a new stake in Telephone and Data Systems during the fourth quarter worth $244,000. Cibc World Markets Corp acquired a new stake in shares of Telephone and Data Systems during the 4th quarter valued at about $315,000. Envestnet Portfolio Solutions Inc. bought a new stake in Telephone and Data Systems in the fourth quarter valued at about $205,000. Swiss National Bank raised its position in Telephone and Data Systems by 0.8% in the fourth quarter. Swiss National Bank now owns 198,100 shares of the Wireless communications provider’s stock worth $6,757,000 after purchasing an additional 1,500 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted 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 purchasing an additional 1,156 shares during the period. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Stock Up 1.9 %

Shares of NYSE:TDS opened at $38.79 on Friday. The company’s fifty day moving average is $36.44 and its 200-day moving average is $32.05. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. Telephone and Data Systems, Inc. has a 52 week low of $14.04 and a 52 week high of $41.21. The company has a market capitalization of $4.42 billion, a PE ratio of -7.18 and a beta of 0.75.

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

Telephone and Data Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.41%. Telephone and Data Systems’s payout ratio is -18.60%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. increased their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an “overweight” rating in a report on Monday, February 24th.

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.