Charles Schwab Investment Management Inc. Buys 103,114 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Charles Schwab Investment Management Inc. raised its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 7.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,463,863 shares of the Wireless communications provider's stock after buying an additional 103,114 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.30% of Telephone and Data Systems worth $34,035,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in TDS. GAMMA Investing LLC increased its stake in Telephone and Data Systems by 13.8% in the 2nd quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider's stock valued at $100,000 after buying an additional 585 shares during the period. CWM LLC increased its stake in shares of Telephone and Data Systems by 57.0% during the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider's stock worth $82,000 after purchasing an additional 1,430 shares during the last quarter. Diversified Trust Co increased its stake in shares of Telephone and Data Systems by 5.6% during the 2nd quarter. Diversified Trust Co now owns 30,999 shares of the Wireless communications provider's stock worth $643,000 after purchasing an additional 1,640 shares during the last quarter. Blue Trust Inc. increased its stake in shares of Telephone and Data Systems by 4,082.9% during the 2nd quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider's stock worth $36,000 after purchasing an additional 1,674 shares during the last quarter. Finally, TCW Group Inc. increased its stake in shares of Telephone and Data Systems by 15.8% during the 2nd quarter. TCW Group Inc. now owns 549,432 shares of the Wireless communications provider's stock worth $11,390,000 after purchasing an additional 74,913 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Price Performance

NYSE:TDS traded down $0.46 during midday trading on Wednesday, reaching $33.90. The stock had a trading volume of 731,024 shares, compared to its average volume of 1,092,459. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $34.78. The firm's fifty day simple moving average is $28.54 and its 200-day simple moving average is $23.71. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its 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. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The business had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period last year, the business posted ($0.16) EPS. Telephone and Data Systems's revenue was down 4.2% compared to the same quarter last year. As a group, research 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 declared a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. The ex-dividend date of this dividend is Monday, December 16th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -2.96%.

Analyst Upgrades and Downgrades

TDS has been the topic of several analyst reports. Raymond James upgraded shares of Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price target on the stock in a research note on Thursday, November 7th. JPMorgan Chase & Co. increased their price target on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th.

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.