Versant Capital Management Inc Acquires 303 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Versant Capital Management Inc boosted its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 14.5% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 2,395 shares of the Wireless communications provider’s stock after purchasing an additional 303 shares during the period. Versant Capital Management Inc’s holdings in Telephone and Data Systems were worth $82,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in TDS. Silver Point Capital L.P. bought a new position in shares of Telephone and Data Systems during the 3rd quarter valued at approximately $29,062,000. Dimensional Fund Advisors LP grew its holdings in Telephone and Data Systems by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider’s stock valued at $124,761,000 after purchasing an additional 507,512 shares during the period. Millennium Management LLC increased its position in Telephone and Data Systems by 34.0% in the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider’s stock worth $40,430,000 after buying an additional 495,189 shares during the last quarter. Point72 Asset Management L.P. bought a new stake in shares of Telephone and Data Systems in the second quarter valued at $7,680,000. Finally, American Century Companies Inc. lifted its position in shares of Telephone and Data Systems by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider’s stock valued at $55,058,000 after buying an additional 206,819 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TDS. Raymond James raised Telephone and Data Systems from a “market perform” rating to an “outperform” rating and set a $51.00 price objective for the company in a report on Thursday, November 7th. JPMorgan Chase & Co. lifted their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an “overweight” rating in a research note on Monday, November 4th.

Telephone and Data Systems Price Performance

Telephone and Data Systems stock opened at $33.90 on Friday. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a one year low of $13.69 and a one year high of $35.39. The firm has a market capitalization of $3.83 billion, a P/E ratio of -6.28 and a beta of 0.81. The business has a fifty day moving average price of $32.82 and a 200-day moving average price of $25.91.

Telephone and Data Systems (NYSE:TDS) last posted its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, beating 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 analyst estimates of $1.24 billion. During the same quarter in the previous year, the firm earned ($0.16) EPS. The company’s quarterly revenue was down 4.2% compared to the same quarter last year. As a group, equities research analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were paid a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.47%. The ex-dividend date of this dividend was Monday, December 16th. Telephone and Data Systems’s dividend payout ratio is presently -2.96%.

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.