Crossmark Global Holdings Inc. Takes $246,000 Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Crossmark Global Holdings Inc. purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund purchased 7,216 shares of the Wireless communications provider's stock, valued at approximately $246,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Algert Global LLC raised its stake in shares of Telephone and Data Systems by 35.8% in the 2nd quarter. Algert Global LLC now owns 220,145 shares of the Wireless communications provider's stock valued at $4,564,000 after acquiring an additional 57,981 shares during the period. GSA Capital Partners LLP acquired a new stake in Telephone and Data Systems in the 3rd quarter valued at approximately $1,308,000. TCW Group Inc. raised its position in Telephone and Data Systems by 3.2% in the third quarter. TCW Group Inc. now owns 566,832 shares of the Wireless communications provider's stock valued at $13,179,000 after purchasing an additional 17,400 shares during the period. CWA Asset Management Group LLC acquired a new position in Telephone and Data Systems during the fourth quarter worth $710,000. Finally, Healthcare of Ontario Pension Plan Trust Fund purchased a new position in shares of Telephone and Data Systems during the third quarter worth $1,574,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TDS has been the topic of a number of recent research reports. JPMorgan Chase & Co. boosted 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. Raymond James raised shares of Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 target price on the stock in a research note on Thursday, November 7th.

Telephone and Data Systems Stock Up 0.7 %

TDS traded up $0.23 on Tuesday, hitting $35.78. 556,689 shares of the company were exchanged, compared to its average volume of 750,771. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The company has a market cap of $4.04 billion, a price-to-earnings ratio of -6.63 and a beta of 0.81. The firm has a 50-day moving average price of $34.12 and a two-hundred day moving average price of $27.56. Telephone and Data Systems, Inc. has a twelve month low of $13.69 and a twelve month high of $36.53.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping 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 firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same period in the prior year, the firm earned ($0.16) earnings per share. The business's quarterly revenue was down 4.2% compared to the same quarter last year. On average, equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th were given a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. Telephone and Data Systems's dividend payout ratio (DPR) is currently -2.96%.

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.