Intech Investment Management LLC boosted its position in Telephone and Data Systems, Inc. (NYSE:TDS – Free Report) by 56.4% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 57,001 shares of the Wireless communications provider’s stock after purchasing an additional 20,564 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of Telephone and Data Systems worth $1,325,000 at the end of the most recent reporting period.
Several other hedge funds have also modified their holdings of the company. Blue Trust Inc. lifted its position in Telephone and Data Systems by 4,082.9% during the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 1,674 shares during the last quarter. Quarry LP acquired a new stake in shares of Telephone and Data Systems in the 2nd quarter worth $40,000. CWM LLC grew its stake in Telephone and Data Systems by 57.0% during the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock worth $82,000 after buying an additional 1,430 shares during the last quarter. Neo Ivy Capital Management acquired a new position in Telephone and Data Systems during the 2nd quarter valued at about $88,000. Finally, GAMMA Investing LLC boosted its holdings in Telephone and Data Systems by 13.8% in the second quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider’s stock worth $100,000 after acquiring an additional 585 shares in the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
TDS has been the topic of several recent analyst reports. Raymond James upgraded shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. upped their price target on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th.
Telephone and Data Systems Trading Up 3.0 %
Shares of NYSE:TDS opened at $34.35 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a 52-week low of $13.69 and a 52-week high of $34.57. The stock has a market cap of $3.88 billion, a price-to-earnings ratio of -6.36 and a beta of 0.77. The business has a 50-day moving average price of $27.44 and a 200-day moving average price of $23.24.
Telephone and Data Systems (NYSE:TDS – Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. The company had revenue of $1.22 billion during the quarter, compared to analyst estimates of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Telephone and Data Systems’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.16) EPS. Equities analysts predict that Telephone and Data Systems, Inc. will post -0.36 EPS for the current year.
Telephone and Data Systems Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.47%. Telephone and Data Systems’s payout ratio is -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.
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