CWA Asset Management Group LLC Takes Position in Telephone and Data Systems, Inc. (NYSE:TDS)

CWA Asset Management Group LLC purchased a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 20,820 shares of the Wireless communications provider's stock, valued at approximately $710,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in shares of Telephone and Data Systems by 9.2% during the second quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider's stock worth $124,761,000 after purchasing an additional 507,512 shares in the last quarter. State Street Corp increased its stake in Telephone and Data Systems by 1.6% during the 3rd quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider's stock worth $93,908,000 after buying an additional 65,432 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Telephone and Data Systems by 8.4% during the second quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider's stock valued at $55,058,000 after acquiring an additional 206,819 shares during the last quarter. Geode Capital Management LLC lifted its position in shares of Telephone and Data Systems by 1.9% in the third quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider's stock valued at $53,278,000 after acquiring an additional 43,470 shares in the last quarter. Finally, Millennium Management LLC boosted its stake in shares of Telephone and Data Systems by 34.0% in the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider's stock worth $40,430,000 after acquiring an additional 495,189 shares during the last quarter. 80.00% of the stock is currently owned by institutional investors and hedge funds.

Telephone and Data Systems Price Performance

Shares of TDS stock traded up $0.68 during trading hours on Wednesday, reaching $33.39. The company had a trading volume of 1,115,120 shares, compared to its average volume of 891,624. Telephone and Data Systems, Inc. has a 12-month low of $13.69 and a 12-month high of $35.39. 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 company has a market capitalization of $3.77 billion, a price-to-earnings ratio of -6.18 and a beta of 0.81. The stock has a fifty day moving average of $33.05 and a 200-day moving average of $26.26.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.18) by $0.19. The business had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The company's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period last year, the company earned ($0.16) EPS. On average, equities analysts anticipate 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 announced a quarterly dividend, which was paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th were issued a $0.04 dividend. The ex-dividend date was Monday, December 16th. This represents a $0.16 annualized dividend and a yield of 0.48%. Telephone and Data Systems's payout ratio is -2.96%.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on the company. 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 note on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Monday, November 4th.

Telephone and Data Systems Company 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.