Several other hedge funds and other institutional investors also recently bought and sold shares of TDS. AlphaCrest Capital Management LLC acquired a new position in Telephone & Data Systems in the 4th quarter worth approximately $345,000. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of Telephone & Data Systems by 63.1% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 18,417 shares of the Wireless communications provider’s stock worth $599,000 after purchasing an additional 7,128 shares during the last quarter. Texas Permanent School Fund raised its holdings in shares of Telephone & Data Systems by 5.0% during the fourth quarter. Texas Permanent School Fund now owns 60,829 shares of the Wireless communications provider’s stock worth $1,979,000 after purchasing an additional 2,892 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in Telephone & Data Systems by 8.4% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 48,524 shares of the Wireless communications provider’s stock valued at $1,579,000 after purchasing an additional 3,776 shares during the period. Finally, Doyle Wealth Management acquired a new position in Telephone & Data Systems during the fourth quarter valued at $84,000. Hedge funds and other institutional investors own 79.17% of the company’s stock.
Royce & Associates LP cut its stake in Telephone & Data Systems, Inc. (NYSE:TDS) by 86.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 58,296 shares of the Wireless communications provider’s stock after selling 386,454 shares during the period. Royce & Associates LP owned about 0.05% of Telephone & Data Systems worth $1,897,000 at the end of the most recent quarter.
Shares of TDS opened at $32.03 on Thursday. Telephone & Data Systems, Inc. has a 52 week low of $24.00 and a 52 week high of $37.29. The company has a current ratio of 2.80, a quick ratio of 2.65 and a debt-to-equity ratio of 0.46. The stock has a market capitalization of $3.64 billion, a PE ratio of 27.38 and a beta of 0.94.
Telephone & Data Systems (NYSE:TDS) last issued its earnings results on Friday, February 22nd. The Wireless communications provider reported $0.14 EPS for the quarter, missing analysts’ consensus estimates of $0.16 by ($0.02). Telephone & Data Systems had a return on equity of 2.43% and a net margin of 7.96%. The company had revenue of $1.33 billion during the quarter, compared to analysts’ expectations of $1.34 billion. During the same quarter in the previous year, the company earned $0.05 EPS. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, research analysts predict that Telephone & Data Systems, Inc. will post 1.2 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Stockholders of record on Friday, March 15th will be paid a $0.165 dividend. This is an increase from Telephone & Data Systems’s previous quarterly dividend of $0.16. The ex-dividend date is Thursday, March 14th. This represents a $0.66 dividend on an annualized basis and a dividend yield of 2.06%. Telephone & Data Systems’s dividend payout ratio is presently 54.70%.
Separately, Zacks Investment Research raised Telephone & Data Systems from a “hold” rating to a “buy” rating and set a $40.00 price target on the stock in a research report on Wednesday, January 30th. Two equities research analysts have rated the stock with a sell rating and four have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $38.20.
Telephone & Data Systems Profile
Telephone and Data Systems, Inc, a telecommunications company, provides wireless, cable and wireline broadband, TV, voice, and hosted and managed services in the United States. It operates through three segments: U.S. Cellular, Wireline, and Cable. The company offers cellular services to postpaid and prepaid customers, including retail consumers, government entities, and small-to-mid-size business customers in industries, such as the construction, retail, agriculture, professional services, and real estate; and national plans with voice, messaging, and data usage options.
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