Healthcare of Ontario Pension Plan Trust Fund Buys Shares of 67,700 Telephone and Data Systems, Inc. (NYSE:TDS)

Healthcare of Ontario Pension Plan Trust Fund purchased a new position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 67,700 shares of the Wireless communications provider's stock, valued at approximately $1,574,000. Healthcare of Ontario Pension Plan Trust Fund owned 0.06% of Telephone and Data Systems at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of TDS. TCW Group Inc. lifted its holdings in shares of Telephone and Data Systems by 15.8% in the 2nd quarter. TCW Group Inc. now owns 549,432 shares of the Wireless communications provider's stock valued at $11,390,000 after buying an additional 74,913 shares during the period. Tidal Investments LLC acquired a new position in Telephone and Data Systems in the first quarter valued at approximately $1,048,000. Allspring Global Investments Holdings LLC purchased a new stake in Telephone and Data Systems in the 2nd quarter worth approximately $2,369,000. Algert Global LLC boosted its position in Telephone and Data Systems by 35.8% in the 2nd quarter. Algert Global LLC now owns 220,145 shares of the Wireless communications provider's stock worth $4,564,000 after purchasing an additional 57,981 shares in the last quarter. Finally, 272 Capital LP grew its stake in shares of Telephone and Data Systems by 51.8% during the 2nd quarter. 272 Capital LP now owns 117,136 shares of the Wireless communications provider's stock worth $2,428,000 after purchasing an additional 39,976 shares during the period. Institutional investors and hedge funds own 80.00% of the company's stock.

Analysts Set New Price Targets

TDS has been the topic of a number of recent analyst reports. Raymond James raised shares of Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price target on the stock in a report on Thursday, November 7th. JPMorgan Chase & Co. increased their target price on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an "overweight" rating in a research note on Monday, November 4th.

Telephone and Data Systems Price Performance

Shares of NYSE:TDS traded down $0.37 during midday trading on Monday, reaching $33.81. 625,548 shares of the company's stock traded hands, compared to its average volume of 1,094,933. The company has a market cap of $3.82 billion, a P/E ratio of -6.11 and a beta of 0.77. The company has a fifty day simple moving average of $28.09 and a two-hundred day simple moving average of $23.52. 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 1 year low of $13.69 and a 1 year high of $34.76.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.18) by $0.19. 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 $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. During the same quarter last year, the business earned ($0.16) earnings per share. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. Equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a $0.04 dividend. 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 payout ratio is -2.96%.

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.