Amundi Raises Stock Position in Telephone and Data Systems, Inc. (NYSE:TDS)

Amundi grew its position in Telephone and Data Systems, Inc. (NYSE:TDS - Free Report) by 99.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 60,920 shares of the Wireless communications provider's stock after acquiring an additional 30,350 shares during the quarter. Amundi owned about 0.05% of Telephone and Data Systems worth $2,037,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Silver Point Capital L.P. purchased a new stake in shares of Telephone and Data Systems in the third quarter worth approximately $29,062,000. Raymond James Financial Inc. bought a new stake in shares of Telephone and Data Systems during the fourth quarter worth $5,619,000. Loomis Sayles & Co. L P grew its holdings in shares of Telephone and Data Systems by 35.3% in the third quarter. Loomis Sayles & Co. L P now owns 523,150 shares of the Wireless communications provider's stock worth $12,163,000 after purchasing an additional 136,419 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its stake in Telephone and Data Systems by 66.6% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 284,906 shares of the Wireless communications provider's stock worth $6,624,000 after buying an additional 113,862 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Telephone and Data Systems by 7.6% during 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. Institutional investors own 80.00% of the company's stock.

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Telephone and Data Systems Stock Up 2.0 %

Shares of Telephone and Data Systems stock traded up $0.74 during trading on Friday, hitting $36.81. 1,984,149 shares of the stock traded hands, compared to its average volume of 1,018,722. Telephone and Data Systems, Inc. has a 52-week low of $14.04 and a 52-week high of $41.21. The stock's fifty day simple moving average is $36.06 and its 200 day simple moving average is $31.56. The firm has a market cap of $4.20 billion, a P/E ratio of -6.82 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 (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 analysts' consensus estimates of ($0.32) by $0.23. 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 $1.24 billion for the quarter, compared to the consensus estimate of $1.23 billion. On average, equities analysts predict that Telephone and Data Systems, Inc. will post -0.31 earnings per share for the current fiscal year.

Telephone and Data Systems Announces Dividend

The business 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. The ex-dividend date of this dividend is Monday, March 17th. This represents a $0.16 annualized dividend and a yield of 0.43%. Telephone and Data Systems's dividend payout ratio (DPR) is presently -18.60%.

Wall Street Analysts Forecast Growth

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

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.