UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Sells 5,214 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC reduced its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 2.0% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 252,785 shares of the Wireless communications provider’s stock after selling 5,214 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC’s holdings in Telephone and Data Systems were worth $5,877,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Telephone and Data Systems in the 3rd quarter worth about $1,574,000. FMR LLC increased its position in Telephone and Data Systems by 0.3% in the third quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider’s stock worth $26,797,000 after buying 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 third 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 last quarter. Loomis Sayles & Co. L P grew its position in shares of Telephone and Data Systems by 35.3% in the third quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider’s stock valued at $12,163,000 after purchasing an additional 136,419 shares in the last quarter. Finally, Algert Global LLC grew 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 purchasing an additional 25,941 shares in the last quarter. 80.00% of the stock is currently owned by institutional investors.

Telephone and Data Systems Stock Performance

Shares of TDS opened at $33.18 on Wednesday. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The business’s 50 day moving average price is $29.38 and its 200-day moving average price is $24.13. Telephone and Data Systems, Inc. has a 52 week low of $13.69 and a 52 week high of $34.78. The stock has a market cap of $3.75 billion, a P/E ratio of -6.14 and a beta of 0.81.

Telephone and Data Systems (NYSE:TDS) last released its quarterly earnings data on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.19. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations 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 firm’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.16) EPS. Equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.48%. Telephone and Data Systems’s payout ratio is -2.96%.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. JPMorgan Chase & Co. lifted their price objective 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 price target on the stock in a report on Thursday, November 7th.

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.