Invesco Ltd. Has $43.95 Million Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Invesco Ltd. decreased its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 17.5% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 1,288,494 shares of the Wireless communications provider's stock after selling 273,887 shares during the period. Invesco Ltd. owned approximately 1.14% of Telephone and Data Systems worth $43,951,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Bank of Montreal Can boosted its position in Telephone and Data Systems by 5.5% during the 4th quarter. Bank of Montreal Can now owns 42,642 shares of the Wireless communications provider's stock worth $1,455,000 after purchasing an additional 2,241 shares during the period. Polymer Capital Management US LLC acquired a new stake in Telephone and Data Systems in the fourth quarter valued at approximately $213,000. Federated Hermes Inc. acquired a new position in shares of Telephone and Data Systems during the fourth quarter worth $56,000. Landscape Capital Management L.L.C. acquired a new position in Telephone and Data Systems in the 4th quarter worth $375,000. Finally, ExodusPoint Capital Management LP increased its stake in shares of Telephone and Data Systems by 1.9% in the fourth quarter. ExodusPoint Capital Management LP now owns 138,963 shares of the Wireless communications provider's stock worth $4,740,000 after buying an additional 2,620 shares during the last quarter. 80.00% of the stock is currently owned by hedge funds and other institutional investors.

Telephone and Data Systems Price Performance

Shares of NYSE TDS traded down $0.88 during mid-day trading on Monday, reaching $35.61. 56,328 shares of the company traded hands, compared to its average volume of 1,082,951. The stock has a fifty day simple moving average of $36.63 and a 200-day simple moving average of $33.81. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44. The firm has a market cap of $4.06 billion, a PE ratio of -6.61 and a beta of 0.62. 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 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. The company had revenue of $1.24 billion during 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 anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.04 per share. The ex-dividend date was Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.45%. Telephone and Data Systems's dividend payout ratio is -18.60%.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. lifted their target price on 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 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.