71,004 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC acquired a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 71,004 shares of the Wireless communications provider's stock, valued at approximately $2,422,000. Proficio Capital Partners LLC owned approximately 0.06% of Telephone and Data Systems at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in TDS. Silver Point Capital L.P. acquired a new stake in Telephone and Data Systems in the 3rd quarter valued at about $29,062,000. Loomis Sayles & Co. L P grew its position in shares of Telephone and Data Systems by 35.3% during the 3rd quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider's stock worth $12,163,000 after buying an additional 136,419 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Telephone and Data Systems by 66.6% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider's stock worth $6,624,000 after buying an additional 113,862 shares during the period. Charles Schwab Investment Management Inc. grew its position in shares of Telephone and Data Systems by 7.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider's stock worth $34,035,000 after buying an additional 103,114 shares during the period. Finally, Point72 Asset Management L.P. grew its position in shares of Telephone and Data Systems by 26.9% during the 3rd quarter. Point72 Asset Management L.P. now owns 470,018 shares of the Wireless communications provider's stock worth $10,928,000 after buying an additional 99,520 shares during the period. Institutional investors and hedge funds own 80.00% of the company's stock.

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Telephone and Data Systems Trading Up 2.0 %

Telephone and Data Systems stock traded up $0.74 during midday trading on Friday, hitting $36.81. 2,029,251 shares of the stock were exchanged, compared to its average volume of 1,018,151. The company has a fifty day simple moving average of $36.14 and a two-hundred day simple moving average of $31.65. Telephone and Data Systems, Inc. has a 52 week low of $14.04 and a 52 week high of $41.21. The stock has a market capitalization of $4.20 billion, a PE ratio of -6.82 and a beta of 0.75. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping the consensus estimate of ($0.32) by $0.23. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.43%. The ex-dividend date of this dividend is Monday, March 17th. Telephone and Data Systems's payout ratio is currently -18.60%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research report on Monday, February 24th.

Telephone and Data Systems 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.