New Age Alpha Advisors LLC Has $634,000 Holdings in Telephone and Data Systems, Inc. $TDS

New Age Alpha Advisors LLC grew its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 1,166.7% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 15,454 shares of the Wireless communications provider’s stock after purchasing an additional 14,234 shares during the period. New Age Alpha Advisors LLC’s holdings in Telephone and Data Systems were worth $634,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in TDS. Bessemer Group Inc. raised its holdings in shares of Telephone and Data Systems by 65.6% in the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after purchasing an additional 277 shares during the last quarter. Salomon & Ludwin LLC grew its stake in shares of Telephone and Data Systems by 51.3% in the fourth quarter. Salomon & Ludwin LLC now owns 681 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 231 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of Telephone and Data Systems by 121.3% in the third quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock valued at $31,000 after buying an additional 455 shares in the last quarter. JPL Wealth Management LLC bought a new position in shares of Telephone and Data Systems in the third quarter valued at $33,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Telephone and Data Systems by 191.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock valued at $47,000 after buying an additional 861 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Trading Down 0.6%

Shares of Telephone and Data Systems stock opened at $39.24 on Friday. The business has a fifty day simple moving average of $43.42 and a two-hundred day simple moving average of $42.59. Telephone and Data Systems, Inc. has a 1 year low of $32.60 and a 1 year high of $49.12. The company has a market capitalization of $4.46 billion, a price-to-earnings ratio of 74.03 and a beta of 0.33. The company has a debt-to-equity ratio of 0.16, a current ratio of 3.43 and a quick ratio of 3.42.

Telephone and Data Systems (NYSE:TDS) last announced its quarterly earnings results on Friday, May 8th. The Wireless communications provider reported $1.11 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.87) by $1.98. Telephone and Data Systems had a return on equity of 5.54% and a net margin of 6.15%.The business had revenue of $309.45 million during the quarter, compared to the consensus estimate of $313.28 million. During the same quarter last year, the firm posted ($0.09) EPS. The company’s quarterly revenue was up 6.5% on a year-over-year basis. Research analysts forecast that Telephone and Data Systems, Inc. will post 0.94 EPS for the current year.

Telephone and Data Systems Announces Dividend

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

Analyst Upgrades and Downgrades

TDS has been the subject of several analyst reports. Weiss Ratings raised shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, February 24th. Citigroup raised their target price on shares of Telephone and Data Systems from $51.00 to $56.00 and gave the company a “buy” rating in a research note on Monday, February 23rd. Wall Street Zen cut shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Sunday, May 17th. Finally, Raymond James Financial cut shares of Telephone and Data Systems from an “outperform” rating to a “market perform” rating in a research note on Monday, May 11th. Two equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $53.33.

Telephone and Data Systems Profile

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.