Dynamic Technology Lab Private Ltd Has $614,000 Stake in Telephone and Data Systems, Inc. (NYSE:TDS)

Dynamic Technology Lab Private Ltd trimmed its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 47.0% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,408 shares of the Wireless communications provider's stock after selling 23,377 shares during the period. Dynamic Technology Lab Private Ltd's holdings in Telephone and Data Systems were worth $614,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Algert Global LLC increased its stake in Telephone and Data Systems by 11.8% during the third quarter. Algert Global LLC now owns 246,086 shares of the Wireless communications provider's stock valued at $5,721,000 after acquiring an additional 25,941 shares during the period. Cerity Partners LLC grew its stake in shares of Telephone and Data Systems by 19.3% in the 3rd quarter. Cerity Partners LLC now owns 20,078 shares of the Wireless communications provider's stock valued at $467,000 after purchasing an additional 3,255 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Telephone and Data Systems by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider's stock valued at $34,035,000 after purchasing an additional 103,114 shares during the period. Intech Investment Management LLC grew its stake in shares of Telephone and Data Systems by 56.4% in the 3rd quarter. Intech Investment Management LLC now owns 57,001 shares of the Wireless communications provider's stock valued at $1,325,000 after purchasing an additional 20,564 shares during the period. Finally, Connor Clark & Lunn Investment Management Ltd. grew its stake in shares of Telephone and Data Systems by 66.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider's stock valued at $6,624,000 after purchasing an additional 113,862 shares during the period. 80.00% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. JPMorgan Chase & Co. upped their price objective on Telephone and Data Systems from $39.00 to $40.00 and gave the company an "overweight" rating in a research note on Monday, November 4th. Raymond James upgraded Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price objective on the stock in a research note on Thursday, November 7th.

Telephone and Data Systems Price Performance

Shares of TDS stock traded up $0.12 during trading hours on Friday, hitting $34.24. The company had a trading volume of 314,036 shares, compared to its average volume of 1,096,966. The firm has a market capitalization of $3.87 billion, a price-to-earnings ratio of -6.34 and a beta of 0.77. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $34.76. The firm's fifty day moving average is $28.09 and its 200 day moving average is $23.49. 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 released its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, beating analysts' consensus estimates of ($0.18) by $0.19. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. During the same period last year, the firm posted ($0.16) EPS. The business's revenue was down 4.2% on a year-over-year basis. On average, sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be issued a dividend of $0.04 per share. The ex-dividend date is Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a yield of 0.47%. Telephone and Data Systems's dividend payout ratio is -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.