Empowered Funds LLC Sells 13,110 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Empowered Funds LLC trimmed its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 2.8% in the 4th quarter, Holdings Channel.com reports. The firm owned 453,890 shares of the Wireless communications provider’s stock after selling 13,110 shares during the period. Empowered Funds LLC’s holdings in Telephone and Data Systems were worth $15,482,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of TDS. The Manufacturers Life Insurance Company lifted its stake in shares of Telephone and Data Systems by 4.0% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 51,021 shares of the Wireless communications provider’s stock valued at $1,058,000 after purchasing an additional 1,966 shares during the last quarter. Handelsbanken Fonder AB lifted its stake in shares of Telephone and Data Systems by 26.3% in the 3rd quarter. Handelsbanken Fonder AB now owns 23,025 shares of the Wireless communications provider’s stock valued at $535,000 after purchasing an additional 4,800 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Telephone and Data Systems by 10.2% in the 3rd quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider’s stock valued at $123,000 after purchasing an additional 490 shares during the last quarter. CWM LLC lifted its stake in shares of Telephone and Data Systems by 26.8% in the 3rd quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider’s stock valued at $116,000 after purchasing an additional 1,056 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Telephone and Data Systems by 8.1% in the 3rd quarter. Creative Planning now owns 13,301 shares of the Wireless communications provider’s stock valued at $309,000 after purchasing an additional 997 shares during the last quarter. 80.00% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on TDS. JPMorgan Chase & Co. increased their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Monday, November 4th. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price target on the stock in a report on Thursday, November 7th.

Telephone and Data Systems Stock Up 0.5 %

TDS opened at $37.17 on Friday. The stock’s fifty day moving average is $34.68 and its two-hundred day moving average is $28.48. Telephone and Data Systems, Inc. has a 52 week low of $13.69 and a 52 week high of $37.46. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.16 annualized dividend and a yield of 0.43%. Telephone and Data Systems’s payout ratio is currently -2.96%.

Telephone and Data Systems Company Profile

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.