Ballentine Partners LLC Buys 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 - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 7,532 shares of the Wireless communications provider's stock, valued at approximately $257,000.

Several other institutional investors also recently modified their holdings of the company. Silver Point Capital L.P. bought a new position in shares of Telephone and Data Systems during the 3rd quarter worth about $29,062,000. Millennium Management LLC lifted its stake in Telephone and Data Systems by 34.0% during the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider's stock worth $40,430,000 after purchasing an additional 495,189 shares during the period. Point72 Asset Management L.P. acquired a new stake in Telephone and Data Systems during the second quarter valued at approximately $7,680,000. Bank of Montreal Can grew its stake in shares of Telephone and Data Systems by 935.4% in the 2nd quarter. Bank of Montreal Can now owns 197,754 shares of the Wireless communications provider's stock valued at $4,135,000 after purchasing an additional 178,654 shares during the period. Finally, Loomis Sayles & Co. L P raised its holdings in shares of Telephone and Data Systems by 35.3% in 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 in the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Price Performance

TDS stock traded up $0.05 during midday trading on Friday, reaching $35.99. 393,054 shares of the company's stock traded hands, compared to its average volume of 673,876. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.07 billion, a price-to-earnings ratio of -6.66 and a beta of 0.81. The company has a 50-day simple moving average of $34.12 and a two-hundred day simple moving average of $27.51. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $36.53.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.18) by $0.19. The business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.16) earnings per share. On average, analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.44%. The ex-dividend date of this dividend was Monday, December 16th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -2.96%.

Wall Street Analyst Weigh In

Several research analysts have issued reports on TDS shares. Raymond James upgraded Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price objective for the company in a research note on Thursday, November 7th. JPMorgan Chase & Co. lifted their price target on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, November 4th.

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.