Telephone and Data Systems, Inc. (NYSE:TDS) Position Cut by Gabelli Funds LLC

Gabelli Funds LLC lowered its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 8.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,094,500 shares of the Wireless communications provider's stock after selling 189,050 shares during the period. Gabelli Funds LLC owned approximately 1.85% of Telephone and Data Systems worth $38,434,000 as of its most recent SEC filing.

A number of other institutional investors also recently added to or reduced their stakes in TDS. Dimensional Fund Advisors LP increased its stake in Telephone and Data Systems by 19.3% during the 4th quarter. Dimensional Fund Advisors LP now owns 4,785,251 shares of the Wireless communications provider's stock valued at $87,810,000 after buying an additional 774,892 shares during the period. American Century Companies Inc. boosted its stake in Telephone and Data Systems by 9.9% during the 3rd quarter. American Century Companies Inc. now owns 1,579,230 shares of the Wireless communications provider's stock valued at $28,916,000 after purchasing an additional 142,844 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Telephone and Data Systems by 1.6% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,328,067 shares of the Wireless communications provider's stock valued at $24,370,000 after purchasing an additional 20,516 shares during the period. FMR LLC raised its stake in shares of Telephone and Data Systems by 6.8% in the 3rd quarter. FMR LLC now owns 1,116,774 shares of the Wireless communications provider's stock worth $20,448,000 after buying an additional 70,832 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Telephone and Data Systems by 1.2% in the third quarter. Northern Trust Corp now owns 1,102,532 shares of the Wireless communications provider's stock valued at $20,187,000 after buying an additional 13,095 shares during the period. Institutional investors and hedge funds own 80.00% of the company's stock.

Telephone and Data Systems Trading Down 1.0 %

Shares of NYSE TDS traded down $0.23 during mid-day trading on Wednesday, hitting $22.74. 1,293,562 shares of the company traded hands, compared to its average volume of 1,148,983. The company has a quick ratio of 1.40, a current ratio of 1.58 and a debt-to-equity ratio of 0.84. Telephone and Data Systems, Inc. has a 1 year low of $6.75 and a 1 year high of $23.35. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -4.67 and a beta of 0.84. The business has a 50 day moving average of $17.38 and a two-hundred day moving average of $17.54.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last announced its earnings results on Friday, May 3rd. The Wireless communications provider reported $0.10 EPS for the quarter, topping the consensus estimate of ($0.05) by $0.15. Telephone and Data Systems had a negative net margin of 9.36% and a positive return on equity of 0.62%. The company had revenue of $1.26 billion during the quarter, compared to analysts' expectations of $1.26 billion. During the same period last year, the company posted ($0.08) earnings per share. The business's revenue for the quarter was down 3.1% on a year-over-year basis. On average, sell-side analysts anticipate that Telephone and Data Systems, Inc. will post -0.34 earnings per share for the current fiscal year.

Telephone and Data Systems Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 14th will be given a $0.04 dividend. The ex-dividend date is Friday, June 14th. This represents a $0.16 annualized dividend and a dividend yield of 0.70%. Telephone and Data Systems's dividend payout ratio (DPR) is presently -15.61%.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on TDS shares. StockNews.com upgraded shares of Telephone and Data Systems from a "sell" rating to a "hold" rating in a research report on Monday, May 6th. JPMorgan Chase & Co. dropped their target price on shares of Telephone and Data Systems from $36.00 to $34.00 and set an "overweight" rating on the stock in a report on Wednesday, May 29th.

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.

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