Loomis Sayles & Co. L P Buys 136,419 Shares of Telephone and Data Systems, Inc. (NYSE:TDS)

Loomis Sayles & Co. L P grew its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 35.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 523,150 shares of the Wireless communications provider's stock after purchasing an additional 136,419 shares during the period. Loomis Sayles & Co. L P owned about 0.46% of Telephone and Data Systems worth $12,163,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Blue Trust Inc. lifted its stake in Telephone and Data Systems by 4,082.9% during the second quarter. Blue Trust Inc. now owns 1,715 shares of the Wireless communications provider's stock valued at $36,000 after buying an additional 1,674 shares in the last quarter. Quarry LP acquired a new stake in shares of Telephone and Data Systems during the second quarter valued at approximately $40,000. CWM LLC lifted its position in shares of Telephone and Data Systems by 57.0% in the 2nd quarter. CWM LLC now owns 3,939 shares of the Wireless communications provider's stock valued at $82,000 after acquiring an additional 1,430 shares in the last quarter. Neo Ivy Capital Management acquired a new position in Telephone and Data Systems in the 2nd quarter worth approximately $88,000. Finally, GAMMA Investing LLC grew its position in Telephone and Data Systems by 13.8% during the 2nd quarter. GAMMA Investing LLC now owns 4,812 shares of the Wireless communications provider's stock worth $100,000 after purchasing an additional 585 shares in the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Price Performance

TDS stock opened at $34.35 on Wednesday. The firm 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 quick ratio of 1.44 and a current ratio of 1.59.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $1.24 billion. During the same quarter in the prior year, the firm earned ($0.16) EPS. The company's revenue was down 4.2% compared to the same quarter last year. On average, equities 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 company 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 $0.04 dividend. This represents a $0.16 annualized dividend and a yield of 0.47%. Telephone and Data Systems's payout ratio is currently -2.96%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on TDS. JPMorgan Chase & Co. increased their target price on Telephone and Data Systems from $39.00 to $40.00 and gave the company an "overweight" rating in a report on Monday, November 4th. Raymond James raised 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 research report on Thursday, November 7th.

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.