Geode Capital Management LLC Grows Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Geode Capital Management LLC grew its holdings in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 1.9% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 2,291,071 shares of the Wireless communications provider's stock after acquiring an additional 43,470 shares during the period. Geode Capital Management LLC owned about 2.03% of Telephone and Data Systems worth $53,278,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Quarry LP acquired a new position in shares of Telephone and Data Systems in the second quarter worth approximately $40,000. Nisa Investment Advisors LLC lifted its position in shares of Telephone and Data Systems by 14.0% in the 2nd 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 during the period. CWM LLC boosted its stake in shares of Telephone and Data Systems by 26.8% in the 3rd quarter. CWM LLC now owns 4,995 shares of the Wireless communications provider's stock valued at $116,000 after purchasing an additional 1,056 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Telephone and Data Systems by 10.2% during the third quarter. GAMMA Investing LLC now owns 5,302 shares of the Wireless communications provider's stock worth $123,000 after buying an additional 490 shares during the period. Finally, Headlands Technologies LLC raised its stake in Telephone and Data Systems by 328.9% during the second quarter. Headlands Technologies LLC now owns 5,974 shares of the Wireless communications provider's stock worth $124,000 after buying an additional 4,581 shares during the last quarter. Institutional investors and hedge funds own 80.00% of the company's stock.

Analyst Upgrades and Downgrades

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

Telephone and Data Systems Stock Down 1.0 %

NYSE TDS traded down $0.33 on Monday, hitting $33.68. 641,814 shares of the company were exchanged, compared to its average volume of 1,094,496. 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 company has a market cap of $3.81 billion, a PE ratio of -6.24 and a beta of 0.81. The stock has a fifty day moving average of $31.34 and a 200-day moving average of $25.03. Telephone and Data Systems, Inc. has a 12 month low of $13.69 and a 12 month high of $35.39.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its quarterly earnings results on Friday, November 1st. The Wireless communications provider reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.18) by $0.19. The business had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $1.24 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. The firm's revenue for the quarter was down 4.2% on a year-over-year basis. During the same period in the prior year, the business earned ($0.16) EPS. As a group, analysts forecast 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 disclosed a quarterly dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Monday, December 16th will be issued a dividend of $0.04 per share. The ex-dividend date of this dividend is Monday, December 16th. This represents a $0.16 annualized dividend and a yield of 0.48%. Telephone and Data Systems's payout ratio is -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.