Headlands Technologies LLC Acquires 4,581 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Headlands Technologies LLC boosted its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 328.9% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,974 shares of the Wireless communications provider’s stock after purchasing an additional 4,581 shares during the quarter. Headlands Technologies LLC’s holdings in Telephone and Data Systems were worth $124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of Telephone and Data Systems by 19.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,785,251 shares of the Wireless communications provider’s stock valued at $87,810,000 after acquiring an additional 774,892 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Telephone and Data Systems by 4.8% during the 4th quarter. Vanguard Group Inc. now owns 12,248,615 shares of the Wireless communications provider’s stock valued at $224,762,000 after acquiring an additional 565,371 shares during the last quarter. Norges Bank bought a new position in shares of Telephone and Data Systems during the 4th quarter valued at approximately $8,205,000. Bridgeway Capital Management LLC boosted its position in shares of Telephone and Data Systems by 17.1% during the 1st quarter. Bridgeway Capital Management LLC now owns 1,246,195 shares of the Wireless communications provider’s stock valued at $19,964,000 after acquiring an additional 181,790 shares during the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Telephone and Data Systems by 33.9% during the 1st quarter. ProShare Advisors LLC now owns 501,901 shares of the Wireless communications provider’s stock valued at $8,040,000 after acquiring an additional 127,114 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

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

Telephone and Data Systems Stock Up 1.6 %

Shares of TDS opened at $23.55 on Monday. The company has a market cap of $2.66 billion, a PE ratio of -4.84 and a beta of 0.81. The business has a fifty day moving average of $21.57 and a 200 day moving average of $19.04. Telephone and Data Systems, Inc. has a 52-week low of $13.69 and a 52-week high of $24.92. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 0.84.

Telephone and Data Systems (NYSE:TDS) last issued its quarterly earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of ($0.13). The company had revenue of $1.24 billion during the quarter, compared to the consensus estimate 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%. Telephone and Data Systems’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the company earned ($0.17) earnings per share. On average, sell-side analysts expect that Telephone and Data Systems, Inc. will post -0.43 EPS for the current year.

Telephone and Data Systems Dividend Announcement

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

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.