BNP Paribas Financial Markets Has $627,000 Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

BNP Paribas Financial Markets lowered its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 5.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 26,973 shares of the Wireless communications provider’s stock after selling 1,535 shares during the quarter. BNP Paribas Financial Markets’ holdings in Telephone and Data Systems were worth $627,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also modified their holdings of the business. FMR LLC lifted its position in shares of Telephone and Data Systems by 0.3% during the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider’s stock worth $26,797,000 after purchasing an additional 3,002 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Telephone and Data Systems by 7.5% in the 3rd quarter. The Manufacturers Life Insurance Company now owns 54,845 shares of the Wireless communications provider’s stock worth $1,275,000 after buying an additional 3,824 shares during the period. Loomis Sayles & Co. L P lifted its holdings in shares of Telephone and Data Systems by 35.3% during the third quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider’s stock worth $12,163,000 after buying an additional 136,419 shares during the last quarter. Algert Global LLC boosted its position in shares of Telephone and Data Systems by 11.8% in the third quarter. Algert Global LLC now owns 246,086 shares of the Wireless communications provider’s stock valued at $5,721,000 after acquiring an additional 25,941 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Telephone and Data Systems by 19.3% in the third quarter. Cerity Partners LLC now owns 20,078 shares of the Wireless communications provider’s stock worth $467,000 after acquiring an additional 3,255 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company’s stock.

Telephone and Data Systems Stock Up 2.6 %

NYSE:TDS opened at $34.97 on Friday. Telephone and Data Systems, Inc. has a 1 year low of $13.69 and a 1 year high of $35.22. The stock has a 50-day moving average price of $30.02 and a two-hundred day moving average price of $24.38. The stock has a market cap of $3.95 billion, a price-to-earnings ratio of -6.48 and a beta of 0.81. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.18) by $0.19. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same period last year, the company earned ($0.16) earnings per share. Telephone and Data Systems’s quarterly revenue was down 4.2% on a year-over-year basis. As a group, equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.46%. The ex-dividend date is Monday, December 16th. Telephone and Data Systems’s dividend payout ratio is -2.96%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Monday, November 4th. Raymond James raised shares of Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price on the stock in a research note on Thursday, November 7th.

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.