State Street Corp Has $93.91 Million Stock Holdings in Telephone and Data Systems, Inc. (NYSE:TDS)

State Street Corp raised its holdings in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 1.6% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,039,070 shares of the Wireless communications provider's stock after acquiring an additional 65,432 shares during the quarter. State Street Corp owned about 3.57% of Telephone and Data Systems worth $93,908,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC bought a new stake in Telephone and Data Systems in the second quarter worth $2,369,000. Algert Global LLC lifted its holdings in Telephone and Data Systems by 35.8% in the 2nd quarter. Algert Global LLC now owns 220,145 shares of the Wireless communications provider's stock worth $4,564,000 after purchasing an additional 57,981 shares during the last quarter. 272 Capital LP boosted its position in Telephone and Data Systems by 51.8% during the second quarter. 272 Capital LP now owns 117,136 shares of the Wireless communications provider's stock worth $2,428,000 after purchasing an additional 39,976 shares during the period. GSA Capital Partners LLP acquired a new position in Telephone and Data Systems during the third quarter valued at approximately $1,308,000. Finally, Texas Permanent School Fund Corp raised its position in shares of Telephone and Data Systems by 33.5% in the second quarter. Texas Permanent School Fund Corp now owns 115,142 shares of the Wireless communications provider's stock valued at $2,387,000 after purchasing an additional 28,866 shares during the period. 80.00% of the stock is owned by institutional investors.

Telephone and Data Systems Stock Performance

Shares of Telephone and Data Systems stock traded down $0.79 during midday trading on Tuesday, hitting $33.76. The company had a trading volume of 1,952,014 shares, compared to its average volume of 1,087,332. The stock has a market cap of $3.81 billion, a PE ratio of -6.40 and a beta of 0.81. Telephone and Data Systems, Inc. has a 1-year low of $13.69 and a 1-year high of $35.39. The business's 50 day simple moving average is $30.49 and its two-hundred day simple moving average is $24.70. The company has a debt-to-equity ratio of 0.85, a current ratio of 1.59 and a quick ratio of 1.44.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last released its earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share 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 business had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $1.24 billion. During the same quarter last year, the company earned ($0.16) earnings per share. The firm's revenue was down 4.2% on a year-over-year basis. As a group, equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 EPS for the current fiscal year.

Telephone and Data Systems Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 31st. Investors of record on Monday, December 16th will be paid a $0.04 dividend. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.16 dividend on an annualized basis and a dividend yield of 0.47%. Telephone and Data Systems's payout ratio is -2.96%.

Wall Street Analysts Forecast Growth

TDS has been the subject of several recent analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Telephone and Data Systems from $39.00 to $40.00 and gave the stock an "overweight" rating in a report on Monday, November 4th. Raymond James upgraded shares of Telephone and Data Systems from a "market perform" rating to an "outperform" rating and set a $51.00 price target for the company in a report on Thursday, November 7th.

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.