WINTON GROUP Ltd Cuts Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

WINTON GROUP Ltd lowered its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 51.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 10,315 shares of the Wireless communications provider’s stock after selling 10,831 shares during the period. WINTON GROUP Ltd’s holdings in Telephone and Data Systems were worth $352,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Independence Bank of Kentucky purchased a new position in Telephone and Data Systems in the 4th quarter worth approximately $41,000. Quarry LP increased its stake in shares of Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider’s stock worth $61,000 after buying an additional 692 shares during the period. SBI Securities Co. Ltd. bought a new stake in Telephone and Data Systems during the 4th quarter valued at $74,000. Versant Capital Management Inc boosted its position in Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 303 shares during the period. Finally, Farther Finance Advisors LLC grew its holdings in Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider’s stock worth $92,000 after acquiring an additional 1,156 shares during the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

Shares of Telephone and Data Systems stock opened at $38.54 on Monday. The business has a 50 day moving average of $36.48 and a 200 day moving average of $32.30. Telephone and Data Systems, Inc. has a 52 week low of $14.04 and a 52 week high of $41.21. The company has a market cap of $4.39 billion, a PE ratio of -7.14 and a beta of 0.75. 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 (NYSE:TDS) last issued its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.23. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.24 billion during the quarter, compared to analyst estimates of $1.23 billion. As a group, equities research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.42%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -18.60%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. upped their price objective on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research note on Monday, February 24th.

Telephone and Data Systems 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.