272 Capital LP Purchases 39,976 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

272 Capital LP boosted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 51.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 117,136 shares of the Wireless communications provider’s stock after buying an additional 39,976 shares during the period. 272 Capital LP owned approximately 0.10% of Telephone and Data Systems worth $2,428,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Principal Securities Inc. purchased a new stake in shares of Telephone and Data Systems in the 4th quarter valued at about $25,000. Blue Trust Inc. increased its position in shares of Telephone and Data Systems by 4,082.9% in the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider’s stock worth $36,000 after purchasing an additional 1,674 shares during the last quarter. Quarry LP purchased a new stake in Telephone and Data Systems in the fourth quarter valued at approximately $60,000. CWM LLC lifted its position in Telephone and Data Systems by 57.0% during the second quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider’s stock valued at $82,000 after purchasing an additional 1,430 shares during the last quarter. Finally, Neo Ivy Capital Management purchased a new position in Telephone and Data Systems in the 2nd quarter worth approximately $88,000. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Trading Down 0.4 %

Shares of TDS stock opened at $22.88 on Tuesday. The business has a 50-day moving average price of $21.87 and a two-hundred day moving average price of $19.37. Telephone and Data Systems, Inc. has a 12-month low of $13.69 and a 12-month 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. The firm has a market cap of $2.59 billion, a P/E ratio of -4.70 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last issued its earnings results on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share (EPS) for the quarter, hitting the consensus estimate of ($0.13). The business had revenue of $1.24 billion during 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%. Telephone and Data Systems’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.17) earnings per share. Equities analysts anticipate that Telephone and Data Systems, Inc. will post -0.43 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. lowered their price objective 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.

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.