Teacher Retirement System of Texas Has $1.67 Million Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Teacher Retirement System of Texas lessened its stake in shares of Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 40.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 48,813 shares of the Wireless communications provider's stock after selling 32,985 shares during the quarter. Teacher Retirement System of Texas' holdings in Telephone and Data Systems were worth $1,665,000 as of its most recent SEC filing.

Other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Telephone and Data Systems by 1.6% during the 3rd quarter. State Street Corp now owns 4,039,070 shares of the Wireless communications provider's stock worth $93,908,000 after purchasing an additional 65,432 shares in the last quarter. Geode Capital Management LLC increased its holdings in Telephone and Data Systems by 1.9% in the 3rd quarter. Geode Capital Management LLC now owns 2,291,071 shares of the Wireless communications provider's stock valued at $53,278,000 after buying an additional 43,470 shares during the period. Charles Schwab Investment Management Inc. raised its position in shares of Telephone and Data Systems by 7.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,463,863 shares of the Wireless communications provider's stock valued at $34,035,000 after buying an additional 103,114 shares in the last quarter. Silver Point Capital L.P. acquired a new stake in shares of Telephone and Data Systems during the 3rd quarter worth approximately $29,062,000. Finally, FMR LLC boosted its position in shares of Telephone and Data Systems by 0.3% during the 3rd quarter. FMR LLC now owns 1,152,579 shares of the Wireless communications provider's stock worth $26,797,000 after acquiring an additional 3,002 shares in the last quarter. Institutional investors own 80.00% of the company's stock.

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Analyst Ratings Changes

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

Telephone and Data Systems Price Performance

Telephone and Data Systems stock traded up $0.23 during mid-day trading on Monday, reaching $38.75. The company had a trading volume of 1,033,285 shares, compared to its average volume of 1,071,826. The business has a fifty day simple moving average of $36.54 and a 200 day simple moving average of $32.41. The company has a market cap of $4.42 billion, a P/E ratio of -7.18 and a beta of 0.75. 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, Inc. has a fifty-two week low of $14.04 and a fifty-two week high of $41.21.

Telephone and Data Systems (NYSE:TDS - Get Free Report) last posted its earnings results on Friday, February 21st. The Wireless communications provider reported ($0.09) EPS for the quarter, beating the consensus estimate of ($0.32) by $0.23. The firm had revenue of $1.24 billion during the quarter, compared to the consensus estimate of $1.23 billion. Telephone and Data Systems had a positive return on equity of 1.12% and a negative net margin of 10.72%. On average, equities research 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 announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be issued a dividend of $0.04 per share. This represents a $0.16 dividend on an annualized basis and a yield of 0.41%. The ex-dividend date is Monday, March 17th. Telephone and Data Systems's payout ratio is -18.60%.

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.