American Century Companies Inc. Raises Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

American Century Companies Inc. boosted its stake in Telephone and Data Systems, Inc. (NYSE:TDS) by 8.4% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 2,655,980 shares of the Wireless communications provider’s stock after purchasing an additional 206,819 shares during the period. American Century Companies Inc. owned approximately 2.35% of Telephone and Data Systems worth $55,058,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in TDS. Dimensional Fund Advisors LP grew its holdings in shares of Telephone and Data Systems by 19.3% in the fourth quarter. Dimensional Fund Advisors LP now owns 4,785,251 shares of the Wireless communications provider’s stock worth $87,810,000 after acquiring an additional 774,892 shares during the period. TCW Group Inc. grew its stake in shares of Telephone and Data Systems by 15.8% during the 2nd quarter. TCW Group Inc. now owns 549,432 shares of the Wireless communications provider’s stock valued at $11,390,000 after purchasing an additional 74,913 shares during the period. Susquehanna Fundamental Investments LLC purchased a new stake in shares of Telephone and Data Systems during the 1st quarter valued at about $745,000. Tidal Investments LLC bought a new position in shares of Telephone and Data Systems in the 1st quarter worth approximately $1,048,000. Finally, UniSuper Management Pty Ltd purchased a new position in shares of Telephone and Data Systems in the first quarter worth approximately $401,000. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Price Performance

NYSE TDS opened at $23.55 on Monday. The company has a debt-to-equity ratio of 0.84, a quick ratio of 1.37 and a current ratio of 1.51. The business’s fifty day moving average is $21.57 and its 200 day moving average is $19.04. The company has a market capitalization of $2.66 billion, a PE ratio of -4.84 and a beta of 0.81. Telephone and Data Systems, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $24.92.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.13). The firm had revenue of $1.24 billion for the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.17) EPS. Sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.43 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, September 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.68%. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -3.29%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on shares of Telephone and Data Systems from $36.00 to $34.00 and set an “overweight” rating on the stock in a research report on Wednesday, May 29th.

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.