Diversified Trust Co Raises Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Diversified Trust Co boosted its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS) by 11.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 35,499 shares of the Wireless communications provider’s stock after acquiring an additional 3,729 shares during the period. Diversified Trust Co’s holdings in Telephone and Data Systems were worth $1,211,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Algert Global LLC lifted its holdings in shares of Telephone and Data Systems by 35.8% during the 2nd quarter. Algert Global LLC now owns 220,145 shares of the Wireless communications provider’s stock valued at $4,564,000 after purchasing an additional 57,981 shares during the last quarter. 272 Capital LP raised its stake in Telephone and Data Systems by 51.8% in the second quarter. 272 Capital LP now owns 117,136 shares of the Wireless communications provider’s stock valued at $2,428,000 after buying an additional 39,976 shares during the last quarter. GSA Capital Partners LLP acquired a new stake in Telephone and Data Systems in the third quarter worth about $1,308,000. Texas Permanent School Fund Corp boosted its holdings in Telephone and Data Systems by 33.5% in the second quarter. Texas Permanent School Fund Corp now owns 115,142 shares of the Wireless communications provider’s stock worth $2,387,000 after acquiring an additional 28,866 shares in the last quarter. Finally, TCW Group Inc. grew its stake in shares of Telephone and Data Systems by 3.2% during the third quarter. TCW Group Inc. now owns 566,832 shares of the Wireless communications provider’s stock worth $13,179,000 after acquiring an additional 17,400 shares during the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently commented on the stock. 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. Raymond James upgraded shares of 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 research note on Thursday, November 7th.

Telephone and Data Systems Stock Up 2.1 %

Shares of TDS stock opened at $33.39 on Thursday. Telephone and Data Systems, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $35.39. The firm has a market capitalization of $3.77 billion, a PE ratio of -6.18 and a beta of 0.81. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The stock’s 50-day simple moving average is $33.05 and its 200-day simple moving average is $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 (EPS) 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 analyst estimates of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Telephone and Data Systems’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period last year, the firm posted ($0.16) EPS. Equities analysts expect that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

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