Telephone and Data Systems, Inc. (NYSE:TDS) Stock Position Raised by Victory Capital Management Inc.

Victory Capital Management Inc. increased its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 1.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 41,514 shares of the Wireless communications provider’s stock after acquiring an additional 554 shares during the period. Victory Capital Management Inc.’s holdings in Telephone and Data Systems were worth $861,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in TDS. Principal Securities Inc. acquired a new position in shares of Telephone and Data Systems during the 4th quarter valued at about $25,000. Blue Trust Inc. increased its holdings in shares of Telephone and Data Systems by 4,082.9% during the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock valued at $36,000 after acquiring an additional 1,674 shares during the last quarter. Quarry LP acquired a new position in shares of Telephone and Data Systems during the 4th quarter valued at about $60,000. CWM LLC increased its holdings in shares of Telephone and Data Systems by 57.0% during the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock valued at $82,000 after acquiring an additional 1,430 shares during the last quarter. Finally, Neo Ivy Capital Management acquired a new position in shares of Telephone and Data Systems during the 2nd quarter valued at about $88,000. Institutional investors and hedge funds own 80.00% of the company’s stock.

Analyst Ratings Changes

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

Telephone and Data Systems Stock Performance

TDS opened at $22.96 on Friday. The firm has a market capitalization of $2.59 billion, a P/E ratio of -4.71 and a beta of 0.81. The stock’s 50 day moving average price is $21.84 and its two-hundred day moving average price is $19.27. 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, Inc. has a 12-month low of $13.69 and a 12-month high of $24.92.

Telephone and Data Systems (NYSE:TDS) last released its earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of ($0.13). The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates 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 company’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the firm posted ($0.17) EPS. On average, equities analysts forecast that Telephone and Data Systems, Inc. will post -0.43 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Monday, September 16th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.70%. The ex-dividend date of this dividend is Monday, September 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -3.29%.

About Telephone and Data Systems

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.