Telephone and Data Systems, Inc. (NYSE:TDS) Shares Sold by Private Management Group Inc.

Private Management Group Inc. lowered its position in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 21.3% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,775,419 shares of the Wireless communications provider's stock after selling 480,697 shares during the period. Telephone and Data Systems makes up approximately 1.5% of Private Management Group Inc.'s portfolio, making the stock its 11th largest position. Private Management Group Inc. owned about 1.57% of Telephone and Data Systems worth $41,278,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its stake in Telephone and Data Systems by 2.6% during the first quarter. Vanguard Group Inc. now owns 12,569,591 shares of the Wireless communications provider's stock worth $201,365,000 after buying an additional 320,976 shares during the period. Dimensional Fund Advisors LP lifted its holdings in shares of Telephone and Data Systems by 9.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,018,541 shares of the Wireless communications provider's stock worth $124,761,000 after acquiring an additional 507,512 shares during the last quarter. American Century Companies Inc. boosted its position in shares of Telephone and Data Systems by 8.4% during the 2nd quarter. American Century Companies Inc. now owns 2,655,980 shares of the Wireless communications provider's stock worth $55,058,000 after purchasing an additional 206,819 shares during the period. Gamco Investors INC. ET AL increased its holdings in Telephone and Data Systems by 4.4% in the 1st quarter. Gamco Investors INC. ET AL now owns 2,092,042 shares of the Wireless communications provider's stock valued at $33,515,000 after purchasing an additional 88,994 shares during the last quarter. Finally, Millennium Management LLC raised its position in Telephone and Data Systems by 34.0% in the second quarter. Millennium Management LLC now owns 1,950,298 shares of the Wireless communications provider's stock valued at $40,430,000 after purchasing an additional 495,189 shares during the period. Hedge funds and other institutional investors own 80.00% of the company's stock.

Telephone and Data Systems Trading Down 7.6 %

NYSE:TDS traded down $2.27 during trading hours on Friday, reaching $27.48. 1,625,400 shares of the stock were exchanged, compared to its average volume of 984,933. Telephone and Data Systems, Inc. has a twelve month low of $13.69 and a twelve month high of $30.44. The company has a quick ratio of 1.37, a current ratio of 1.51 and a debt-to-equity ratio of 0.84. The business has a 50-day moving average of $24.58 and a two-hundred day moving average of $21.32. The company has a market capitalization of $3.11 billion, a price-to-earnings ratio of -5.69 and a beta of 0.77.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.14) by $0.15. The firm had revenue of $1.22 billion for the quarter, compared to analyst estimates of $1.24 billion. Telephone and Data Systems had a positive return on equity of 0.73% and a negative net margin of 9.31%. Telephone and Data Systems's revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned ($0.16) EPS. On average, equities analysts predict that Telephone and Data Systems, Inc. will post -0.44 EPS for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Monday, September 16th were issued a $0.04 dividend. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.58%. The ex-dividend date was Monday, September 16th. Telephone and Data Systems's dividend payout ratio (DPR) is currently -3.31%.

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.