Callan Family Office LLC Purchases Shares of 10,649 Telephone and Data Systems, Inc. (NYSE:TDS)

Callan Family Office LLC acquired a new position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 10,649 shares of the Wireless communications provider's stock, valued at approximately $363,000.

Other large investors have also recently modified their holdings of the company. State Street Corp increased its position in shares of Telephone and Data Systems by 1.6% during the third quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider's stock worth $93,908,000 after purchasing an additional 65,432 shares in the last quarter. Geode Capital Management LLC increased its position in Telephone and Data Systems by 1.9% during the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider's stock valued at $53,278,000 after buying an additional 43,470 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Telephone and Data Systems by 7.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider's stock valued at $34,035,000 after buying an additional 103,114 shares during the last quarter. Silver Point Capital L.P. purchased a new stake in Telephone and Data Systems in the third quarter valued at about $29,062,000. Finally, FMR LLC boosted its holdings in Telephone and Data Systems by 0.3% in the third quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider's stock worth $26,797,000 after acquiring an additional 3,002 shares in the last quarter. Institutional investors own 80.00% of the company's stock.

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Analysts Set New Price Targets

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

Telephone and Data Systems Stock Performance

Shares of NYSE TDS traded up $1.04 during mid-day trading on Friday, hitting $35.03. The stock had a trading volume of 857,937 shares, compared to its average volume of 1,015,920. The firm has a market cap of $3.99 billion, a PE ratio of -6.49 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company has a 50 day moving average of $35.85 and a two-hundred day moving average of $31.13. Telephone and Data Systems, Inc. has a twelve month low of $14.04 and a twelve month high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings data 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 positive return on equity of 1.12% and a negative net margin of 10.72%. Research analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be paid a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. Telephone and Data Systems's payout ratio is currently -18.60%.

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.