Point72 Asset Management L.P. Has $10.93 Million Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Point72 Asset Management L.P. grew its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 26.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 470,018 shares of the Wireless communications provider's stock after purchasing an additional 99,520 shares during the period. Point72 Asset Management L.P. owned about 0.42% of Telephone and Data Systems worth $10,928,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in the company. Blue Trust Inc. grew its holdings in shares of 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 worth $36,000 after purchasing an additional 1,674 shares during the last quarter. Quarry LP bought a new stake in Telephone and Data Systems during the 2nd quarter worth about $40,000. CWM LLC increased its position in 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 bought a new position in shares of Telephone and Data Systems in the second quarter worth about $88,000. Finally, Nisa Investment Advisors LLC lifted its position in shares of Telephone and Data Systems by 14.0% during the second quarter. Nisa Investment Advisors LLC now owns 5,146 shares of the Wireless communications provider's stock worth $107,000 after purchasing an additional 630 shares in the last quarter. Institutional investors own 80.00% of the company's stock.

Analysts Set New Price Targets

TDS has been the subject of a number of research reports. JPMorgan Chase & Co. raised their price target on shares of 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 upgraded Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 target price for the company in a research report on Thursday, November 7th.

Telephone and Data Systems Trading Up 0.1 %

Shares of NYSE:TDS traded up $0.05 during trading on Friday, hitting $34.61. 600,383 shares of the company's stock were exchanged, compared to its average volume of 992,977. The firm has a 50-day moving average price of $29.18 and a two-hundred day moving average price of $24.03. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $34.78. The firm has a market cap of $3.91 billion, a P/E ratio of -6.41 and a beta of 0.81. The company has a current ratio of 1.59, a quick ratio of 1.44 and a debt-to-equity ratio of 0.85.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last issued its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 EPS for the quarter, beating the consensus estimate 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 analysts' expectations of $1.24 billion. During the same quarter in the previous year, the company posted ($0.16) EPS. The business's revenue for the quarter was down 4.2% compared to the same quarter last year. Equities 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 business also recently declared a quarterly dividend, which will be paid on Tuesday, December 31st. Stockholders of record on Monday, December 16th will be paid a $0.04 dividend. The ex-dividend date is Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.46%. Telephone and Data Systems's dividend payout ratio (DPR) is presently -2.96%.

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.