Dimensional Fund Advisors LP Reduces Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Dimensional Fund Advisors LP trimmed its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 0.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 6,247,294 shares of the Wireless communications provider's stock after selling 42,432 shares during the quarter. Dimensional Fund Advisors LP owned about 5.53% of Telephone and Data Systems worth $213,095,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. World Investment Advisors LLC purchased a new position in Telephone and Data Systems during the 3rd quarter worth approximately $294,000. Franklin Resources Inc. raised its holdings in shares of Telephone and Data Systems by 2.5% during the third quarter. Franklin Resources Inc. now owns 78,508 shares of the Wireless communications provider's stock worth $1,855,000 after purchasing an additional 1,938 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Telephone and Data Systems by 14.5% during the fourth quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after purchasing an additional 303 shares during the last quarter. GAMMA Investing LLC lifted its position in Telephone and Data Systems by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock valued at $196,000 after purchasing an additional 440 shares during the period. Finally, CWA Asset Management Group LLC purchased a new stake in Telephone and Data Systems in the fourth quarter valued at $710,000. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Stock Performance

TDS opened at $34.89 on Wednesday. The firm has a fifty day moving average price of $36.50 and a 200 day moving average price of $33.90. Telephone and Data Systems, Inc. has a 1 year low of $14.04 and a 1 year high of $41.21. The stock has a market cap of $3.98 billion, a P/E ratio of -6.46 and a beta of 0.62. 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 (NYSE:TDS - Get Free Report) last issued its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, topping analysts' consensus estimates 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 business had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Equities 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 firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.46%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's payout ratio is currently -18.60%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price objective on 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 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.

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