KLP Kapitalforvaltning AS Invests $703,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

KLP Kapitalforvaltning AS bought a new position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 20,600 shares of the Wireless communications provider's stock, valued at approximately $703,000.

Other hedge funds also recently made changes to their positions in the company. Versant Capital Management Inc lifted its position in 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 worth $82,000 after purchasing an additional 303 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Telephone and Data Systems by 8.3% during the 4th quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock worth $196,000 after acquiring an additional 440 shares during the period. Quarry LP boosted its position in shares of Telephone and Data Systems by 35.5% during the 3rd quarter. Quarry LP now owns 2,643 shares of the Wireless communications provider's stock worth $61,000 after acquiring an additional 692 shares in the last quarter. Farther Finance Advisors LLC increased its stake in Telephone and Data Systems by 74.5% in the fourth quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 1,156 shares during the last quarter. Finally, Independence Bank of Kentucky acquired a new position in Telephone and Data Systems during the fourth quarter valued at approximately $41,000. 80.00% of the stock is owned by institutional investors.

Remove Ads

Analyst Ratings Changes

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

Shares of TDS traded down $2.18 during mid-day trading on Friday, reaching $35.68. The company had a trading volume of 1,338,406 shares, compared to its average volume of 1,078,204. The company has a market capitalization of $4.07 billion, a price-to-earnings ratio of -6.61 and a beta of 0.75. The company has a debt-to-equity ratio of 0.85, a quick ratio of 1.44 and a current ratio of 1.59. The company's 50 day simple moving average is $36.70 and its 200 day simple moving average is $32.82. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share for the quarter, beating analysts' consensus estimates of ($0.32) by $0.23. The firm had revenue of $1.24 billion for 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%. Analysts expect that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Dividend Announcement

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

About Telephone and Data Systems

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.