Meeder Asset Management Inc. Purchases 3,884 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Meeder Asset Management Inc. boosted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 18.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 25,007 shares of the Wireless communications provider’s stock after acquiring an additional 3,884 shares during the period. Meeder Asset Management Inc.’s holdings in Telephone and Data Systems were worth $459,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in TDS. Harbour Investments Inc. lifted its holdings in Telephone and Data Systems by 1,358.7% during the 2nd quarter. Harbour Investments Inc. now owns 4,376 shares of the Wireless communications provider’s stock worth $36,000 after buying an additional 4,076 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its stake in Telephone and Data Systems by 89.8% during the 1st quarter. Nomura Asset Management Co. Ltd. now owns 4,100 shares of the Wireless communications provider’s stock worth $43,000 after buying an additional 1,940 shares during the period. Tower Research Capital LLC TRC raised its stake in Telephone and Data Systems by 115.1% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,418 shares of the Wireless communications provider’s stock worth $45,000 after buying an additional 2,899 shares during the period. Versant Capital Management Inc raised its stake in Telephone and Data Systems by 155.8% during the 3rd quarter. Versant Capital Management Inc now owns 2,499 shares of the Wireless communications provider’s stock worth $46,000 after buying an additional 1,522 shares during the period. Finally, Anchor Investment Management LLC acquired a new stake in Telephone and Data Systems during the 4th quarter worth $46,000. 80.00% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Separately, StockNews.com downgraded Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Tuesday, March 26th.

Telephone and Data Systems Stock Performance

TDS opened at $15.44 on Tuesday. The business’s 50-day moving average price is $16.36 and its two-hundred day moving average price is $17.70. Telephone and Data Systems, Inc. has a 1 year low of $6.43 and a 1 year high of $21.75. The company has a market capitalization of $1.74 billion, a price-to-earnings ratio of -3.06 and a beta of 0.81. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.40 and a quick ratio of 1.23.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings results on Friday, February 16th. The Wireless communications provider reported ($0.11) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.12) by $0.01. Telephone and Data Systems had a positive return on equity of 0.21% and a negative net margin of 9.69%. The firm had revenue of $1.31 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted ($0.38) EPS. The company’s revenue for the quarter was down 3.2% on a year-over-year basis. Equities analysts expect that Telephone and Data Systems, Inc. will post -1 EPS for the current fiscal year.

Telephone and Data Systems Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, March 28th. Shareholders of record on Friday, March 15th were paid a $0.19 dividend. This is an increase from Telephone and Data Systems’s previous quarterly dividend of $0.19. The ex-dividend date was Thursday, March 14th. This represents a $0.76 annualized dividend and a dividend yield of 4.92%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -15.05%.

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.