Proficio Capital Partners LLC Invests $2.42 Million in Telephone and Data Systems, Inc. (NYSE:TDS)

Proficio Capital Partners LLC bought a new stake in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 71,004 shares of the Wireless communications provider's stock, valued at approximately $2,422,000. Proficio Capital Partners LLC owned about 0.06% of Telephone and Data Systems as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the company. TCW Group Inc. lifted its holdings in shares of Telephone and Data Systems by 0.9% in the 4th quarter. TCW Group Inc. now owns 572,132 shares of the Wireless communications provider's stock valued at $19,515,000 after purchasing an additional 5,300 shares during the last quarter. Venturi Wealth Management LLC acquired a new position in Telephone and Data Systems in the 4th quarter valued at about $155,000. CIBC Asset Management Inc acquired a new position in Telephone and Data Systems in the 4th quarter valued at about $337,000. Principal Financial Group Inc. increased its position in Telephone and Data Systems by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 472,988 shares of the Wireless communications provider's stock valued at $16,134,000 after acquiring an additional 13,208 shares during the period. Finally, State of New Jersey Common Pension Fund D acquired a new position in Telephone and Data Systems in the 4th quarter valued at about $2,272,000. 80.00% of the stock is owned by hedge funds and other institutional investors.

Telephone and Data Systems Stock Performance

TDS stock traded up $0.87 during trading on Friday, hitting $35.51. The company had a trading volume of 889,966 shares, compared to its average volume of 1,008,841. The firm has a market cap of $4.05 billion, a PE ratio of -6.58 and a beta of 0.75. Telephone and Data Systems, Inc. has a 1-year low of $14.04 and a 1-year high of $41.21. The firm has a 50-day moving average price of $35.87 and a 200-day moving average price of $30.85. The company has a quick ratio of 1.44, a current ratio of 1.59 and a debt-to-equity ratio of 0.85.

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Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) earnings per share (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 company had revenue of $1.24 billion for the quarter, compared to analysts' expectations of $1.23 billion. On average, analysts expect 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a dividend of $0.04 per share. This represents a $0.16 annualized dividend and a yield of 0.45%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems's payout ratio is -18.60%.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their price target on Telephone and Data Systems from $53.00 to $56.00 and gave the company an "overweight" rating in a research 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.