Sequoia Financial Advisors LLC acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS – Free Report) during the 4th quarter, Holdings Channel.com reports. The firm acquired 6,059 shares of the Wireless communications provider’s stock, valued at approximately $207,000.
A number of other large investors have also made changes to their positions in TDS. State Street Corp lifted its holdings in Telephone and Data Systems by 1.6% in the 3rd quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider’s stock valued at $93,908,000 after purchasing an additional 65,432 shares in the last quarter. Geode Capital Management LLC lifted its stake in shares of Telephone and Data Systems by 1.9% during the third quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider’s stock valued at $53,278,000 after buying an additional 43,470 shares during the period. Charles Schwab Investment Management Inc. boosted its position in Telephone and Data Systems by 7.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider’s stock worth $34,035,000 after acquiring an additional 103,114 shares during the last quarter. Silver Point Capital L.P. purchased a new stake in Telephone and Data Systems in the 3rd quarter worth approximately $29,062,000. Finally, FMR LLC raised its holdings in Telephone and Data Systems by 0.3% in the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider’s stock valued at $26,797,000 after acquiring an additional 3,002 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.
Telephone and Data Systems Price Performance
TDS opened at $36.05 on Friday. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company’s 50 day simple moving average is $36.06 and its 200 day simple moving average is $31.56. The stock has a market capitalization of $4.11 billion, a PE ratio of -6.68 and a beta of 0.75.
Telephone and Data Systems (NYSE:TDS – Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.32) by $0.23. The company had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. As a group, sell-side analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.
Telephone and Data Systems Announces Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 0.44%. Telephone and Data Systems’s dividend payout ratio (DPR) is -18.60%.
Analyst Upgrades and Downgrades
Separately, JPMorgan Chase & Co. lifted their price objective on Telephone and Data Systems from $53.00 to $56.00 and gave the company an “overweight” rating in a research report on Monday, February 24th.
View Our Latest Stock Analysis on TDS
Telephone and Data Systems Profile
(Free Report)
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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