Landscape Capital Management L.L.C. Invests $375,000 in Telephone and Data Systems, Inc. (NYSE:TDS)

Landscape Capital Management L.L.C. purchased a new stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 10,990 shares of the Wireless communications provider's stock, valued at approximately $375,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in TDS. Cerity Partners LLC increased its stake in shares of Telephone and Data Systems by 19.3% in the 3rd quarter. Cerity Partners LLC now owns 20,078 shares of the Wireless communications provider's stock valued at $467,000 after buying an additional 3,255 shares during the period. The Manufacturers Life Insurance Company increased its position in Telephone and Data Systems by 7.5% in the third quarter. The Manufacturers Life Insurance Company now owns 54,845 shares of the Wireless communications provider's stock worth $1,275,000 after purchasing an additional 3,824 shares during the period. FMR LLC raised its holdings in Telephone and Data Systems by 0.3% during the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider's stock worth $26,797,000 after purchasing an additional 3,002 shares during the last quarter. Quarry LP lifted its position in 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 valued at $61,000 after purchasing an additional 692 shares during the period. Finally, Quadrature Capital Ltd bought a new position in shares of Telephone and Data Systems in the 3rd quarter valued at about $210,000. 80.00% of the stock is currently owned by institutional investors and hedge funds.

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Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. raised their price objective on shares of 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 Trading Up 0.6 %

TDS traded up $0.23 during midday trading on Friday, reaching $35.66. 504,979 shares of the company were exchanged, compared to its average volume of 1,085,960. 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 stock has a market capitalization of $4.07 billion, a P/E ratio of -6.60 and a beta of 0.62. The stock's 50-day simple moving average is $36.68 and its 200 day simple moving average is $33.28. Telephone and Data Systems, Inc. has a one year low of $14.04 and a one year high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued 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 firm had revenue of $1.24 billion during the quarter, compared to analysts' expectations 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%. As a group, analysts forecast that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

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

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.