Edgestream Partners L.P. Has $3.40 Million Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Edgestream Partners L.P. lifted its position in Telephone and Data Systems, Inc. (NYSE:TDS) by 16.6% during the 2nd quarter, according to the company in its most recent filing with the SEC. The fund owned 163,778 shares of the Wireless communications provider’s stock after purchasing an additional 23,315 shares during the quarter. Edgestream Partners L.P. owned 0.14% of Telephone and Data Systems worth $3,395,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. decreased their target price 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 Trading Down 1.7 %

Shares of NYSE TDS opened at $23.24 on Thursday. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $24.92. The company has a 50-day moving average of $21.75 and a two-hundred day moving average of $19.18. The company has a market cap of $2.63 billion, a PE ratio of -4.77 and a beta of 0.81. The company has a current ratio of 1.51, a quick ratio of 1.37 and a debt-to-equity ratio of 0.84.

Telephone and Data Systems (NYSE:TDS) last posted its quarterly earnings data on Friday, August 2nd. The Wireless communications provider reported ($0.13) earnings per share for the quarter, hitting the consensus estimate of ($0.13). The firm had revenue of $1.24 billion during the quarter, compared to analysts’ expectations of $1.24 billion. Telephone and Data Systems had a negative net margin of 9.31% and a positive return on equity of 0.73%. Telephone and Data Systems’s revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.17) EPS. As a group, equities analysts expect that Telephone and Data Systems, Inc. will post -0.43 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Monday, September 16th will be paid a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.69%. The ex-dividend date is Monday, September 16th. Telephone and Data Systems’s dividend payout ratio (DPR) is presently -3.29%.

Telephone and Data Systems Company 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.