Telephone and Data Systems, Inc. (NYSE:TDS) Holdings Lifted by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in Telephone and Data Systems, Inc. (NYSE:TDS) by 8.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,742 shares of the Wireless communications provider’s stock after acquiring an additional 440 shares during the quarter. GAMMA Investing LLC’s holdings in Telephone and Data Systems were worth $196,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Versant Capital Management Inc lifted its stake in Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider’s stock valued at $82,000 after buying an additional 303 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Telephone and Data Systems by 2.5% in the 3rd quarter. Franklin Resources Inc. now owns 78,508 shares of the Wireless communications provider’s stock valued at $1,855,000 after acquiring an additional 1,938 shares in the last quarter. World Investment Advisors LLC purchased a new stake in shares of Telephone and Data Systems in the 3rd quarter valued at approximately $294,000. TCW Group Inc. boosted its stake in Telephone and Data Systems by 3.2% in the 3rd quarter. TCW Group Inc. now owns 566,832 shares of the Wireless communications provider’s stock worth $13,179,000 after purchasing an additional 17,400 shares during the period. Finally, Geode Capital Management LLC grew its position in Telephone and Data Systems by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider’s stock worth $53,278,000 after purchasing an additional 43,470 shares in the last quarter. Institutional investors own 80.00% of the company’s stock.

Telephone and Data Systems Price Performance

Shares of NYSE:TDS opened at $33.39 on Thursday. The firm has a market cap of $3.77 billion, a price-to-earnings ratio of -6.18 and a beta of 0.81. Telephone and Data Systems, Inc. has a 1 year low of $13.69 and a 1 year high of $35.39. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The business has a fifty day simple moving average of $33.05 and a 200 day simple moving average of $26.26.

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

Telephone and Data Systems Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.48%. The ex-dividend date was Monday, December 16th. Telephone and Data Systems’s payout ratio is -2.96%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the company. JPMorgan Chase & Co. upped their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research 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 price target for the company in a research report on Thursday, November 7th.

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.