5,960 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Acquired by Savant Capital LLC

Savant Capital LLC bought a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 5,960 shares of the Wireless communications provider’s stock, valued at approximately $203,000.

A number of other institutional investors have also made changes to their positions in TDS. State Street Corp boosted its stake in Telephone and Data Systems by 1.6% in the 3rd quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider’s stock valued at $93,908,000 after purchasing an additional 65,432 shares during the period. Geode Capital Management LLC boosted its stake in Telephone and Data Systems by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider’s stock valued at $53,278,000 after purchasing an additional 43,470 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in Telephone and Data Systems by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider’s stock valued at $34,035,000 after purchasing an additional 103,114 shares during the period. Silver Point Capital L.P. bought a new stake in Telephone and Data Systems in the 3rd quarter valued at $29,062,000. Finally, FMR LLC boosted its stake in Telephone and Data Systems by 0.3% in the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider’s stock valued at $26,797,000 after purchasing an additional 3,002 shares during the period. 80.00% of the stock is owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of TDS stock opened at $39.48 on Thursday. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a twelve month low of $13.69 and a twelve month high of $41.21. The company has a market cap of $4.46 billion, a P/E ratio of -7.31 and a beta of 0.80. The business has a fifty day simple moving average of $35.44 and a 200 day simple moving average of $29.53.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.41%. Telephone and Data Systems’s dividend payout ratio is currently -2.96%.

Wall Street Analysts Forecast Growth

TDS has been the subject of several recent research reports. JPMorgan Chase & Co. boosted their price target on Telephone and Data Systems from $39.00 to $40.00 and gave the company an “overweight” rating in a research note on Monday, November 4th. Raymond James upgraded Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 target price for the company in a research report 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.