Bailard Inc. Buys Shares of 11,400 Telephone and Data Systems, Inc. (NYSE:TDS)

Bailard Inc. bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 11,400 shares of the Wireless communications provider's stock, valued at approximately $389,000.

A number of other large investors have also modified their holdings of the company. Smartleaf Asset Management LLC grew its position in Telephone and Data Systems by 139.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 3,749 shares of the Wireless communications provider's stock valued at $128,000 after acquiring an additional 2,186 shares during the period. Mutual of America Capital Management LLC grew its position in Telephone and Data Systems by 494.6% in the fourth quarter. Mutual of America Capital Management LLC now owns 87,222 shares of the Wireless communications provider's stock valued at $2,975,000 after acquiring an additional 72,554 shares during the period. Proficio Capital Partners LLC bought a new stake in Telephone and Data Systems in the fourth quarter valued at $2,422,000. TCW Group Inc. grew its position in Telephone and Data Systems by 0.9% in the fourth quarter. TCW Group Inc. now owns 572,132 shares of the Wireless communications provider's stock valued at $19,515,000 after acquiring an additional 5,300 shares during the period. Finally, Venturi Wealth Management LLC bought a new stake in Telephone and Data Systems in the fourth quarter valued at $155,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of TDS stock traded up $0.87 during trading hours on Friday, hitting $35.51. 889,966 shares of the company's stock were exchanged, compared to its average volume of 1,007,767. The stock's 50-day moving average is $35.87 and its 200-day moving average is $30.78. 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 stock has a market cap of $4.05 billion, a price-to-earnings ratio of -6.58 and a beta of 0.75. Telephone and Data Systems, Inc. has a 52 week low of $14.04 and a 52 week high of $41.21.

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

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems's payout ratio is presently -18.60%.

Wall Street Analysts Forecast Growth

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

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.