American Century Companies Inc. Raises Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

American Century Companies Inc. raised its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 6.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,229,568 shares of the Wireless communications provider's stock after acquiring an additional 203,897 shares during the period. American Century Companies Inc. owned 2.86% of Telephone and Data Systems worth $110,161,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. Independence Bank of Kentucky acquired a new stake in shares of Telephone and Data Systems in the 4th quarter valued at about $41,000. Quarry LP boosted its holdings in shares of Telephone and Data Systems by 35.5% in the third quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock valued at $61,000 after acquiring an additional 692 shares during the period. SBI Securities Co. Ltd. acquired a new stake in shares of Telephone and Data Systems in the fourth quarter valued at approximately $74,000. Versant Capital Management Inc grew its position in shares of Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after acquiring an additional 303 shares during the last quarter. Finally, Farther Finance Advisors LLC increased its holdings in shares of Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 1,156 shares during the period. Hedge funds and other institutional investors own 80.00% of the company's stock.

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Analyst Ratings Changes

Separately, JPMorgan Chase & Co. increased 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 note on Monday, February 24th.

Telephone and Data Systems Stock Performance

Shares of TDS stock traded up $0.71 during midday trading on Thursday, hitting $38.79. The company had a trading volume of 750,581 shares, compared to its average volume of 1,022,069. Telephone and Data Systems, Inc. has a 52-week low of $14.04 and a 52-week high of $41.21. 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's 50 day simple moving average is $36.36 and its 200 day simple moving average is $32.00. The stock has a market cap of $4.42 billion, a price-to-earnings ratio of -7.18 and a beta of 0.75.

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

Telephone and Data Systems Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be paid a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.41%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) 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.