Gabelli Funds LLC Raises Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Gabelli Funds LLC increased its stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 1.1% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,899,767 shares of the Wireless communications provider's stock after purchasing an additional 20,721 shares during the period. Gabelli Funds LLC owned approximately 1.68% of Telephone and Data Systems worth $64,801,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Guggenheim Capital LLC lifted its stake in Telephone and Data Systems by 27.0% during the fourth quarter. Guggenheim Capital LLC now owns 43,280 shares of the Wireless communications provider's stock worth $1,476,000 after purchasing an additional 9,193 shares during the last quarter. Mariner LLC lifted its position in Telephone and Data Systems by 34.6% in the 4th quarter. Mariner LLC now owns 30,190 shares of the Wireless communications provider's stock worth $1,030,000 after buying an additional 7,758 shares during the last quarter. Barclays PLC boosted its stake in Telephone and Data Systems by 23.1% in the fourth quarter. Barclays PLC now owns 675,713 shares of the Wireless communications provider's stock worth $23,049,000 after buying an additional 126,993 shares in the last quarter. Summit Investment Advisors Inc. boosted its stake in Telephone and Data Systems by 4.9% in the fourth quarter. Summit Investment Advisors Inc. now owns 10,319 shares of the Wireless communications provider's stock worth $352,000 after buying an additional 482 shares in the last quarter. Finally, Sterling Capital Management LLC raised its stake in shares of Telephone and Data Systems by 33.7% during the fourth quarter. Sterling Capital Management LLC now owns 11,238 shares of the Wireless communications provider's stock worth $383,000 after acquiring an additional 2,835 shares in the last quarter. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Trading Up 0.9 %

Shares of NYSE TDS traded up $0.31 during midday trading on Friday, reaching $36.47. The company had a trading volume of 982,835 shares, compared to its average volume of 1,087,056. The stock has a market cap of $4.16 billion, a PE ratio of -6.75 and a beta of 0.62. Telephone and Data Systems, Inc. has a one year low of $14.04 and a one year high of $41.21. The firm's fifty day moving average price is $36.63 and its 200-day moving average price is $33.73. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating the consensus estimate of ($0.32) by $0.23. 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 $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. On average, 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were given a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.44%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's payout ratio is -18.60%.

Analyst Ratings Changes

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