Mutual of America Capital Management LLC Boosts Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

Mutual of America Capital Management LLC raised its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 494.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 87,222 shares of the Wireless communications provider's stock after acquiring an additional 72,554 shares during the quarter. Mutual of America Capital Management LLC owned approximately 0.08% of Telephone and Data Systems worth $2,975,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Independence Bank of Kentucky purchased a new stake in shares of Telephone and Data Systems during the 4th quarter valued at $41,000. Quarry LP lifted its holdings 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 valued at $61,000 after purchasing an additional 692 shares during the last quarter. Versant Capital Management Inc lifted its holdings in shares of Telephone and Data Systems by 14.5% during the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock valued at $82,000 after purchasing an additional 303 shares during the last quarter. Venturi Wealth Management LLC purchased a new stake in shares of Telephone and Data Systems during the 4th quarter valued at $155,000. Finally, KBC Group NV lifted its holdings in shares of Telephone and Data Systems by 70.6% during the 4th quarter. KBC Group NV now owns 4,853 shares of the Wireless communications provider's stock valued at $166,000 after purchasing an additional 2,008 shares during the last quarter. Institutional investors own 80.00% of the company's stock.

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Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. raised their target price on Telephone and Data Systems from $53.00 to $56.00 and gave the stock an "overweight" rating in a research note on Monday, February 24th.

Telephone and Data Systems Stock Performance

TDS stock traded up $0.87 during midday trading on Friday, reaching $35.51. The stock had a trading volume of 889,966 shares, compared to its average volume of 1,008,841. The stock has a market cap of $4.05 billion, a PE ratio of -6.58 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 firm has a fifty day simple moving average of $35.87 and a two-hundred day simple moving average of $30.92. Telephone and Data Systems, Inc. has a 52-week low of $14.04 and a 52-week 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 (EPS) for the quarter, topping analysts' consensus estimates 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 positive return on equity of 1.12% and a negative net margin of 10.72%. As a group, equities research analysts anticipate that Telephone and Data Systems, Inc. will post -0.31 EPS for the current year.

Telephone and Data Systems Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be paid a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.45%. Telephone and Data Systems's payout ratio is currently -18.60%.

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.