Three Seasons Wealth LLC Takes Position in Telephone and Data Systems, Inc. $TDS

Three Seasons Wealth LLC bought a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 38,731 shares of the Wireless communications provider’s stock, valued at approximately $1,433,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. JPL Wealth Management LLC purchased a new position in shares of Telephone and Data Systems during the 3rd quarter valued at approximately $33,000. EverSource Wealth Advisors LLC lifted its position in shares of Telephone and Data Systems by 29.2% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,085 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 245 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in shares of Telephone and Data Systems by 2,779.5% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,123 shares of the Wireless communications provider’s stock valued at $46,000 after buying an additional 1,084 shares during the period. TD Waterhouse Canada Inc. grew its holdings in shares of Telephone and Data Systems by 446.9% during the second quarter. TD Waterhouse Canada Inc. now owns 1,340 shares of the Wireless communications provider’s stock valued at $50,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Nykredit A S bought a new position in Telephone and Data Systems during the 2nd quarter worth $59,000. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on TDS shares. JPMorgan Chase & Co. cut their target price on Telephone and Data Systems from $51.00 to $48.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 19th. Raymond James Financial cut shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a report on Monday, May 11th. Citigroup cut their price objective on Telephone and Data Systems from $50.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. Weiss Ratings upgraded Telephone and Data Systems from a “hold (c-)” rating to a “hold (c+)” rating in a report on Tuesday, August 11th. Finally, Wall Street Zen upgraded shares of Telephone and Data Systems from a “sell” rating to a “hold” rating in a report on Saturday, May 30th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $47.50.

Telephone and Data Systems Stock Up 0.2%

TDS opened at $37.90 on Friday. The business has a 50 day moving average price of $34.59 and a 200 day moving average price of $39.91. Telephone and Data Systems, Inc. has a twelve month low of $31.51 and a twelve month high of $49.12. The company has a debt-to-equity ratio of 0.15, a quick ratio of 3.81 and a current ratio of 3.82. The firm has a market cap of $4.36 billion, a P/E ratio of 12.63 and a beta of 0.33.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, August 7th. The Wireless communications provider reported $2.24 EPS for the quarter, beating the consensus estimate of $0.09 by $2.15. Telephone and Data Systems had a return on equity of 11.97% and a net margin of 33.20%.The company had revenue of $309.28 million for the quarter, compared to the consensus estimate of $315.78 million. During the same quarter last year, the company posted ($0.05) earnings per share. The company’s revenue for the quarter was up 3.6% compared to the same quarter last year. Research analysts forecast that Telephone and Data Systems, Inc. will post -0.24 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Tuesday, September 15th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.4%. The ex-dividend date of this dividend is Tuesday, September 15th. Telephone and Data Systems’s dividend payout ratio is currently 5.33%.

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.