Hennion & Walsh Asset Management Inc. Has $1.02 Million Position in Telephone and Data Systems, Inc. $TDS

Hennion & Walsh Asset Management Inc. grew its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 225.4% in the fourth quarter, Holdings Channel.com reports. The firm owned 24,790 shares of the Wireless communications provider’s stock after purchasing an additional 17,172 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in Telephone and Data Systems were worth $1,016,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Bessemer Group Inc. grew its holdings in shares of Telephone and Data Systems by 65.6% during the third quarter. Bessemer Group Inc. now owns 699 shares of the Wireless communications provider’s stock valued at $28,000 after buying an additional 277 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Telephone and Data Systems by 121.3% in the 3rd quarter. Jones Financial Companies Lllp now owns 830 shares of the Wireless communications provider’s stock worth $31,000 after acquiring an additional 455 shares in the last quarter. JPL Wealth Management LLC purchased a new stake in Telephone and Data Systems in the 3rd quarter worth about $33,000. EverSource Wealth Advisors LLC lifted its stake in Telephone and Data Systems by 191.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,311 shares of the Wireless communications provider’s stock worth $47,000 after acquiring an additional 861 shares in the last quarter. Finally, Aster Capital Management DIFC Ltd boosted its position in Telephone and Data Systems by 48.4% during the 3rd quarter. Aster Capital Management DIFC Ltd now owns 2,402 shares of the Wireless communications provider’s stock worth $94,000 after acquiring an additional 783 shares during the period. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

TDS opened at $44.97 on Friday. The stock has a fifty day moving average price of $44.44 and a 200 day moving average price of $41.21. The company has a current ratio of 2.10, a quick ratio of 2.09 and a debt-to-equity ratio of 0.20. Telephone and Data Systems, Inc. has a 1 year low of $31.07 and a 1 year high of $47.79. The stock has a market cap of $5.17 billion, a price-to-earnings ratio of -69.19 and a beta of 0.31.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, February 20th. The Wireless communications provider reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.09 by $0.23. Telephone and Data Systems had a positive return on equity of 2.25% and a negative net margin of 0.21%.The company had revenue of $330.71 million for the quarter, compared to analyst estimates of $319.28 million. During the same period in the prior year, the firm posted ($0.10) EPS. The business’s revenue was up 12.0% compared to the same quarter last year. Analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were issued a $0.04 dividend. The ex-dividend date was Monday, March 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 is currently -24.62%.

Analyst Upgrades and Downgrades

TDS has been the topic of several research analyst reports. Citigroup lifted their target price on 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. Zacks Research cut shares of Telephone and Data Systems from a “strong-buy” rating to a “hold” rating in a report on Thursday, January 1st. Weiss Ratings raised shares of Telephone and Data Systems from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, February 24th. Finally, Wall Street Zen lowered shares of Telephone and Data Systems from a “hold” rating to a “sell” rating in a research note on Sunday, March 1st. Three investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $53.33.

Telephone and Data Systems Company 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.