56,300 Shares in Telephone and Data Systems, Inc. (NYSE:TDS) Bought by Canada Pension Plan Investment Board

Canada Pension Plan Investment Board bought a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund bought 56,300 shares of the Wireless communications provider's stock, valued at approximately $1,920,000.

Several other large investors have also recently bought and sold shares of the stock. Versant Capital Management Inc boosted its holdings 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 period. GAMMA Investing LLC lifted its holdings in Telephone and Data Systems by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock worth $196,000 after purchasing an additional 440 shares during the last quarter. Summit Investment Advisors Inc. boosted its stake in Telephone and Data Systems by 4.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider's stock valued at $352,000 after purchasing an additional 482 shares during the period. Farther Finance Advisors LLC grew its holdings in 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 buying an additional 1,156 shares in the last quarter. Finally, Independence Bank of Kentucky bought a new position in Telephone and Data Systems during the 4th quarter worth $41,000. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Price Performance

Shares of NYSE TDS traded up $0.12 during midday trading on Friday, reaching $36.62. The company's stock had a trading volume of 873,733 shares, compared to its average volume of 1,091,856. The company has a market cap of $4.17 billion, a P/E ratio of -6.78 and a beta of 0.62. Telephone and Data Systems, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21. 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 business's 50 day moving average price is $36.28 and its two-hundred day moving average price is $34.17.

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 for the quarter, beating the consensus estimate of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations of $1.23 billion. On average, analysts forecast that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued 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, March 17th. Telephone and Data Systems's dividend payout ratio is currently -18.60%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. boosted their target price on shares of 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.

About Telephone and Data Systems

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.