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

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

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Rubric Capital Management LP acquired a new position in shares of Telephone and Data Systems during the 3rd quarter valued at $62,784,000. Davidson Kempner Capital Management LP bought a new position in Telephone and Data Systems during the third quarter valued at about $55,395,000. Oaktree Capital Management LP grew its holdings in Telephone and Data Systems by 16.4% during the first quarter. Oaktree Capital Management LP now owns 4,292,243 shares of the Wireless communications provider’s stock worth $180,703,000 after acquiring an additional 603,857 shares during the period. VR Advisory Services Ltd acquired a new position in Telephone and Data Systems during the fourth quarter worth about $23,493,000. Finally, Millennium Management LLC raised its position in Telephone and Data Systems by 112.8% in the fourth quarter. Millennium Management LLC now owns 1,044,166 shares of the Wireless communications provider’s stock worth $42,811,000 after acquiring an additional 553,581 shares in the last quarter. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Price Performance

TDS stock opened at $35.79 on Wednesday. The company has a current ratio of 3.43, a quick ratio of 3.42 and a debt-to-equity ratio of 0.16. Telephone and Data Systems, Inc. has a one year low of $32.94 and a one year high of $49.12. The firm has a market capitalization of $4.07 billion, a PE ratio of 67.52 and a beta of 0.32. The firm has a 50-day moving average of $36.80 and a two-hundred day moving average of $41.61.

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

Telephone and Data Systems Announces Dividend

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

Wall Street Analysts Forecast Growth

TDS has been the subject of several research reports. Raymond James Financial lowered shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research report on Monday, May 11th. Weiss Ratings cut Telephone and Data Systems from a “hold (c)” rating to a “hold (c-)” rating in a report on Thursday, June 18th. Finally, Wall Street Zen upgraded Telephone and Data Systems from a “sell” rating to a “hold” rating in a research report on Saturday, May 30th. Two analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $53.33.

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.