GABELLI & Co INVESTMENT ADVISERS INC. Purchases 53,700 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

GABELLI & Co INVESTMENT ADVISERS INC. lifted its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 79.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 121,050 shares of the Wireless communications provider's stock after buying an additional 53,700 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. owned about 0.11% of Telephone and Data Systems worth $4,129,000 as of its most recent filing with the SEC.

Other large investors also recently modified their holdings of the company. Versant Capital Management Inc raised its position 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 acquiring an additional 303 shares during the last quarter. GAMMA Investing LLC raised its holdings in Telephone and Data Systems by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock worth $196,000 after purchasing an additional 440 shares during the last quarter. Summit Investment Advisors Inc. lifted its position in shares of Telephone and Data Systems by 4.9% in the 4th quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider's stock worth $352,000 after purchasing an additional 482 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after purchasing an additional 1,156 shares during the last quarter. Finally, Independence Bank of Kentucky acquired a new stake in shares of Telephone and Data Systems during the fourth quarter worth $41,000. 80.00% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. upped their price target on shares of Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a research report on Monday, February 24th.

Telephone and Data Systems Stock Up 0.9 %

Shares of NYSE TDS traded up $0.31 during trading on Friday, hitting $36.47. 982,835 shares of the company traded hands, compared to its average volume of 1,087,056. The firm has a market capitalization of $4.16 billion, a price-to-earnings ratio of -6.75 and a beta of 0.62. The business's fifty day moving average is $36.63 and its 200 day moving average is $33.73. 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, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its earnings results 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. The company had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. Equities research analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were issued a dividend of $0.04 per share. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a yield of 0.44%. Telephone and Data Systems's dividend payout ratio (DPR) is currently -18.60%.

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.