Ballentine Partners LLC Purchases Shares of 7,532 Telephone and Data Systems, Inc. (NYSE:TDS)

Ballentine Partners LLC acquired a new position in Telephone and Data Systems, Inc. (NYSE:TDS) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund acquired 7,532 shares of the Wireless communications provider’s stock, valued at approximately $257,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Algert Global LLC grew its position in Telephone and Data Systems by 35.8% in the second quarter. Algert Global LLC now owns 220,145 shares of the Wireless communications provider’s stock worth $4,564,000 after buying an additional 57,981 shares during the last quarter. GSA Capital Partners LLP acquired a new position in shares of Telephone and Data Systems in the 3rd quarter worth $1,308,000. TCW Group Inc. raised its position 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 purchasing an additional 17,400 shares during the period. CWA Asset Management Group LLC acquired a new position in shares of Telephone and Data Systems in the 4th quarter valued at $710,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Telephone and Data Systems in the 3rd quarter worth about $1,574,000. 80.00% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have commented on TDS shares. JPMorgan Chase & Co. raised 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 report 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 on the stock in a research report on Thursday, November 7th.

Telephone and Data Systems Price Performance

Shares of TDS opened at $35.99 on Friday. The business’s 50-day moving average is $34.12 and its 200-day moving average is $27.46. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -6.66 and a beta of 0.81. Telephone and Data Systems, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $36.53.

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 for the quarter, beating the consensus estimate of ($0.18) by $0.19. The firm had revenue of $1.22 billion for 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%. The company’s revenue for the quarter was down 4.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.16) EPS. Equities research analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

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. The ex-dividend date was Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.44%. Telephone and Data Systems’s dividend payout ratio (DPR) is currently -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.