Gamco Investors INC. ET AL Sells 27,438 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Gamco Investors INC. ET AL reduced its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 1.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,915,144 shares of the Wireless communications provider's stock after selling 27,438 shares during the period. Telephone and Data Systems makes up 0.7% of Gamco Investors INC. ET AL's investment portfolio, making the stock its 25th largest holding. Gamco Investors INC. ET AL owned about 1.69% of Telephone and Data Systems worth $65,326,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Independence Bank of Kentucky acquired a new stake in shares of Telephone and Data Systems in the 4th quarter worth about $41,000. Federated Hermes Inc. purchased a new stake in shares of Telephone and Data Systems in the fourth quarter worth approximately $56,000. SBI Securities Co. Ltd. bought a new position in shares of Telephone and Data Systems in the fourth quarter valued at approximately $74,000. Versant Capital Management Inc boosted 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 valued at $82,000 after buying an additional 303 shares during the last quarter. Finally, Farther Finance Advisors LLC raised its position in 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 buying an additional 1,156 shares during the last quarter. Institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Stock Performance

Shares of Telephone and Data Systems stock traded up $0.31 during trading hours on Friday, hitting $36.47. 982,835 shares of the company's stock traded hands, compared to its average volume of 1,087,056. The stock has a market capitalization of $4.16 billion, a price-to-earnings ratio of -6.75 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, Inc. has a 12-month low of $14.04 and a 12-month high of $41.21. The company has a fifty day simple moving average of $36.63 and a 200-day simple moving average of $33.73.

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 (EPS) for the quarter, beating analysts' consensus estimates of ($0.32) by $0.23. The business had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. Equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were given a $0.04 dividend. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. The ex-dividend date was Monday, March 17th. Telephone and Data Systems's dividend payout ratio (DPR) is presently -18.60%.

Analyst Upgrades and Downgrades

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