AlphaQuest LLC Decreases Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

AlphaQuest LLC trimmed its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 57.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 6,313 shares of the Wireless communications provider's stock after selling 8,584 shares during the period. AlphaQuest LLC's holdings in Telephone and Data Systems were worth $215,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of TDS. Silver Point Capital L.P. acquired a new stake in Telephone and Data Systems in the third quarter valued at $29,062,000. Raymond James Financial Inc. acquired a new stake in Telephone and Data Systems during the 4th quarter worth about $5,619,000. Loomis Sayles & Co. L P grew its holdings in 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 acquiring an additional 136,419 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its holdings in 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 acquiring an additional 113,862 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its holdings in 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 acquiring an additional 103,114 shares during the period. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

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

Telephone and Data Systems Stock Up 1.6 %

Shares of TDS stock traded up $0.58 on Thursday, reaching $36.05. 1,357,626 shares of the company were exchanged, compared to its average volume of 1,013,988. The company has a market cap of $4.11 billion, a price-to-earnings ratio of -6.68 and a beta of 0.75. The company has a 50-day moving average of $36.01 and a 200-day moving average of $31.53. 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 $14.04 and a one year high of $41.21.

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 (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. Analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.44%. Telephone and Data Systems's payout ratio is -18.60%.

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.