Charles Schwab Investment Management Inc. Cuts Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

Charles Schwab Investment Management Inc. lowered its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 7.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,350,438 shares of the Wireless communications provider's stock after selling 113,425 shares during the period. Charles Schwab Investment Management Inc. owned about 1.20% of Telephone and Data Systems worth $46,063,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TDS. Silver Point Capital L.P. acquired a new position in Telephone and Data Systems during the third quarter worth about $29,062,000. Loomis Sayles & Co. L P boosted its position in Telephone and Data Systems by 35.3% during the third quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider's stock worth $12,163,000 after acquiring an additional 136,419 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its position in Telephone and Data Systems by 66.6% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider's stock worth $6,624,000 after acquiring an additional 113,862 shares during the last quarter. Point72 Asset Management L.P. boosted its holdings in Telephone and Data Systems by 26.9% in the 3rd quarter. Point72 Asset Management L.P. now owns 470,018 shares of the Wireless communications provider's stock valued at $10,928,000 after purchasing an additional 99,520 shares during the last quarter. Finally, Mutual of America Capital Management LLC boosted its holdings in Telephone and Data Systems by 494.6% in the 4th 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 purchasing an additional 72,554 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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Analysts Set New Price Targets

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 report on Monday, February 24th.

Telephone and Data Systems Trading Up 0.1 %

Shares of TDS stock traded up $0.05 during trading hours on Tuesday, hitting $35.49. The company had a trading volume of 1,287,616 shares, compared to its average volume of 1,013,286. The company's fifty day moving average is $35.91 and its 200 day moving average is $31.42. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. Telephone and Data Systems, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21. The stock has a market capitalization of $4.05 billion, a PE ratio of -6.57 and a beta of 0.75.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its quarterly earnings data 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. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The firm had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Research analysts expect 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. Stockholders of record on Monday, March 17th will be issued a $0.04 dividend. The ex-dividend date is Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. Telephone and Data Systems's dividend 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.