Consolidated Planning Corp Raises Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Consolidated Planning Corp boosted its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 35.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 38,516 shares of the Wireless communications provider's stock after purchasing an additional 10,063 shares during the quarter. Consolidated Planning Corp's holdings in Telephone and Data Systems were worth $1,314,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. GSA Capital Partners LLP acquired a new position in shares of Telephone and Data Systems during the 3rd quarter worth about $1,308,000. TCW Group Inc. boosted its position in shares of Telephone and Data Systems by 3.2% during the 3rd quarter. TCW Group Inc. now owns 566,832 shares of the Wireless communications provider's stock worth $13,179,000 after acquiring an additional 17,400 shares in the last quarter. Crossmark Global Holdings Inc. acquired a new position in shares of Telephone and Data Systems during the 4th quarter worth about $246,000. Algert Global LLC boosted its position in shares of Telephone and Data Systems by 11.8% during the 3rd quarter. Algert Global LLC now owns 246,086 shares of the Wireless communications provider's stock worth $5,721,000 after acquiring an additional 25,941 shares in the last quarter. Finally, CWA Asset Management Group LLC acquired a new position in shares of Telephone and Data Systems during the 4th quarter worth about $710,000. Hedge funds and other institutional investors own 80.00% of the company's stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on TDS. Raymond James raised 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 report on Thursday, November 7th. JPMorgan Chase & Co. upped their price objective on Telephone and Data Systems from $39.00 to $40.00 and gave the stock an "overweight" rating in a research report on Monday, November 4th.

Telephone and Data Systems Stock Performance

Shares of NYSE TDS traded up $1.15 during trading hours on Friday, reaching $39.52. The stock had a trading volume of 700,810 shares, compared to its average volume of 696,859. The firm has a market cap of $4.47 billion, a price-to-earnings ratio of -7.32 and a beta of 0.80. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. Telephone and Data Systems, Inc. has a fifty-two week low of $13.69 and a fifty-two week high of $39.54. The firm has a 50-day moving average of $35.07 and a 200-day moving average of $29.13.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 31st. Investors of record on Monday, December 16th were given a $0.04 dividend. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.40%. Telephone and Data Systems's dividend payout ratio (DPR) is presently -2.96%.

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.