O Shaughnessy Asset Management LLC Makes New Investment in Telephone and Data Systems, Inc. (NYSE:TDS)

O Shaughnessy Asset Management LLC purchased a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 7,081 shares of the Wireless communications provider's stock, valued at approximately $242,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Versant Capital Management Inc boosted its stake in Telephone and Data Systems by 14.5% in the 4th quarter. Versant Capital Management Inc now owns 2,395 shares of the Wireless communications provider's stock worth $82,000 after purchasing an additional 303 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Telephone and Data Systems by 8.3% during the fourth quarter. GAMMA Investing LLC now owns 5,742 shares of the Wireless communications provider's stock valued at $196,000 after buying an additional 440 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Telephone and Data Systems by 74.5% in the 4th quarter. Farther Finance Advisors LLC now owns 2,707 shares of the Wireless communications provider's stock valued at $92,000 after acquiring an additional 1,156 shares during the period. Independence Bank of Kentucky purchased a new position in Telephone and Data Systems in the 4th quarter worth $41,000. Finally, Swiss National Bank grew its stake in Telephone and Data Systems by 0.8% during the 4th quarter. Swiss National Bank now owns 198,100 shares of the Wireless communications provider's stock valued at $6,757,000 after purchasing an additional 1,500 shares during the last quarter. Hedge funds and other institutional investors own 80.00% of the company's stock.

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Telephone and Data Systems Stock Performance

TDS traded down $0.92 during midday trading on Wednesday, hitting $36.01. 292,698 shares of the company were exchanged, compared to its average volume of 1,080,641. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85. The firm has a market capitalization of $4.11 billion, a price-to-earnings ratio of -6.67 and a beta of 0.62. The company's 50 day simple moving average is $36.68 and its 200 day simple moving average is $33.46.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its quarterly earnings data on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, topping the consensus estimate of ($0.32) by $0.23. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The business had revenue of $1.24 billion for the quarter, compared to analyst estimates of $1.23 billion. As a group, sell-side analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current year.

Telephone and Data Systems Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were paid a $0.04 dividend. The ex-dividend date was Monday, March 17th. This represents a $0.16 annualized dividend and a dividend yield of 0.44%. Telephone and Data Systems's dividend payout ratio is presently -18.60%.

Analyst Ratings Changes

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

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.