Intech Investment Management LLC Buys 20,564 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Intech Investment Management LLC lifted its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 56.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 57,001 shares of the Wireless communications provider's stock after acquiring an additional 20,564 shares during the period. Intech Investment Management LLC owned about 0.05% of Telephone and Data Systems worth $1,325,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in the company. TCW Group Inc. lifted its holdings in shares of Telephone and Data Systems by 15.8% in the second quarter. TCW Group Inc. now owns 549,432 shares of the Wireless communications provider's stock valued at $11,390,000 after purchasing an additional 74,913 shares in the last quarter. Tidal Investments LLC purchased a new position in Telephone and Data Systems during the 1st quarter valued at about $1,048,000. Vanguard Group Inc. grew its stake in Telephone and Data Systems by 2.6% during the 1st quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider's stock valued at $201,365,000 after acquiring an additional 320,976 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new position in shares of Telephone and Data Systems in the 2nd quarter valued at about $2,369,000. Finally, Algert Global LLC lifted its position in shares of Telephone and Data Systems by 35.8% in the second 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. Institutional investors and hedge funds own 80.00% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on TDS. JPMorgan Chase & Co. boosted their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the company an "overweight" rating in a research report on Monday, November 4th. Raymond James upgraded 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.

Telephone and Data Systems Trading Up 3.0 %

Shares of NYSE TDS opened at $34.35 on Wednesday. The business has a 50 day simple moving average of $27.44 and a 200 day simple moving average of $23.24. Telephone and Data Systems, Inc. has a 52 week low of $13.69 and a 52 week high of $34.57. 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 (NYSE:TDS - Get Free Report) last posted its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, topping the consensus estimate of ($0.18) by $0.19. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. Telephone and Data Systems had a negative net margin of 10.72% and a positive return on equity of 1.12%. The company's revenue for the quarter was down 4.2% compared to the same quarter last year. During the same period in the previous year, the firm posted ($0.16) earnings per share. As a group, sell-side analysts forecast that Telephone and Data Systems, Inc. will post -0.36 earnings per share for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.47%. Telephone and Data Systems's payout ratio is -2.96%.

Telephone and Data Systems 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.